Avis Budget Group (CAR) Tops Q2 EPS by $4.76 in Best Quarter Ever
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Avis Budget Group Reports Record Net Income and Adjusted EBITDA
August 3, 2021 4:05 PM EDTPARSIPPANY, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced second quarter 2021 financial results.
We ended the second quarter with revenues up more than three times prior year and 1% above second quarter 2019, at $2.4 billion. Our revenues were driven by increased revenue per day compared to second quarter 2020, which represented the depths of the pandemic. Rental days also increased compared to prior year as demand continues to normalize.
Net income was $398 million and our Adjusted EBITDA was $624 million, increasing more than three times second quarter... More
