Avis Budget Group (CAR) Tops Q4 EPS by 23c

Avis Budget Group (NASDAQ: CAR) reported Q4 EPS of $0.73, $0.23 better than the analyst estimate of $0.50. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.08 billion.

“We had a record fourth quarter, led by significant overperformance in the Americas and the single best December I have seen in the United States in my career,” said Joe Ferraro, Avis Budget Group Interim Chief Executive Officer. “Adjusting our full year results to exclude exchange rate effects, we delivered Adjusted EBITDA of $800 million for 2019, at the high end of the range we provided in October. Additionally, the quarter is off to a strong start as the momentum we experienced in December has continued.”

For earnings history and earnings-related data on Avis Budget Group (CAR) click here.

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