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

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

Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas

February 19, 2020 4:00 PM EST

PARSIPPANY, N.J., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020.

Fourth Quarter 2019 over Fourth Quarter 2018 Highlights:

Revenues increased to a record $2.2 billion, up 6% excluding currency exchange rate movementsNet income was $142 million or $1.90 per diluted share and Adjusted net income was $54 million or $0.73 per diluted shareAdjusted EBITDA increased to a record $143... More