Avis Budget Group (CAR) Tops Q3 EPS by 10c

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Go back to Avis Budget Group (CAR) Tops Q3 EPS by 10c

Avis Budget Group Reports Record Third Quarter 2017 Results

November 6, 2017 4:15 PM EST

PARSIPPANY, N.J., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2017.

Revenue grew 4% to a record $2.8 billionNet income of $245 million and earnings per diluted share of $2.91Adjusted EBITDA of $482 million and Adjusted diluted earnings per share of $3.10Company updates its full year 2017 Adjusted EBITDA and Adjusted diluted earnings per share estimates

"We had a record third quarter with both pricing and... More