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Below are the latest news stories about Avis Budget Group Inc that investors may wish to consider to help them evaluate CAR as an investment opportunity.
Global Car Leasing Market- Featuring ALD SA, Arval Service Lease, Athlon Car Lease International BV, and Avis Budget Group Inc, Among Others
LONDON--(BUSINESS WIRE)-- #CarLeasingMarket--The Global Car Leasing Market will grow by 18.38 mn units during 2020-2024
A California federal judge has granted Avis Budget Group's bid to dismiss a proposed class action over its alleged failure to maintain policies to safeguard car renters' data.
SRS Investment Mangement reports rise in Avis Budget (CAR) stakes to 25.3% after the purchase of additional 9,31,140 shares of Avis' common stock.Stock up 1.99% AHForm 13D/A...
Shares of cruise and travel industry stocks shrank in end-of-week trading Friday. Car rental stock Avis Budget Group (NASDAQ: CAR) is likewise coasting downhill -- 3.4% -- marking its fifth-straight day of losses. Yesterday, Deutsche Bank kept the bad news coming on that one when it cut its price target on Avis Budget stock by $10, to $24 a share.
Avis Budget Rental Car Funding (AESOP) LLC, Series 2020-2 -- Moody's assigns provisional ratings to Avis Budget Series 2020-2 rental car ABS
Moody's Investors Service (Moody's) has assigned ratings of (P)Aa1 (sf) to the Series 2020-2 Class A fixed rate Rental Car Asset Backed Notes, (P)A3 (sf) to the Series 2020-2 Class B fixed rate Rental Car Asset Backed Notes, and (P)Baa3 (sf) to the Series 2020-2 Class C fixed rate Rental Car Asset Backed Notes, (together with the Class A Notes and the Class B Notes, the Series 2020-2 Notes) to be issued by Avis Budget Rental Car Funding (AESOP) LLC (the issuer). The issuer is an indirect subsidiary of the sponsor, Avis Budget Car Rental, LLC (ABCR, B2 negative). ABCR is a subsidiary of Avis Budget Group, Inc. ABCR is the owner and operator of Avis Rent A Car System, LLC (Avis), Budget Rent A Car System, Inc. (Budget), Zipcar, Inc and Payless Car Rental, Inc. (Payless).
Shares in Avis Budget Group (CAR) jumped more than 10% in Tuesday’s extended market trading in the US after the rental car company … The post Avis Pops 10% In Extended Trading On Q2 Beat, Pick-Up In Rentals appeared first on Smarter Analyst .
Avis reported a narrower-than-expected adjusted loss as the rental-car provider shrank its fleet and cut costs.
Shares of Avis Budget Group (NASDAQ: CAR), a vehicle rental company, jumped more than 11% higher early Wednesday, despite dismal operating results during COVID-19, as the company's actions to reduce its fleet size and costs could set the stage for positive adjusted EBITDA for the remainder of 2020. Avis' second quarter is really a mixed bag that contains equal parts dismal and impressive results.
(Bloomberg Opinion) -- Consumers fearful of catching the coronavirus are adapting their transport habits: Crowded airplanes are now unappealing, while being cocooned in a car feels safe.Car rental firms have had a close-up view of this rapid shift in consumer behavior because most generate more than half of their revenue at airports.This dependence looked like it would be disastrous for the entire car rental sector, but on Tuesday evening two of the world’s largest car rental groups — Paris-based Europcar Mobility Group and U.S. operator Avis Budget Group Inc. — gave quite different assessments of their prospects. That has a lot to do with how they’ve managed their large debts and costs.Absent a takeover offer, Europcar which is partly owned by private equity group Eurazeo SE, looks to ...
Shares of Avis Budget Group Inc. undefined rallied nearly 10% in the extended session Tuesday after the car-rental company said it capitalized on the…