Avis Budget Group (CAR) Tops Q4 EPS by $2.95. Revenue Misses
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Avis Budget Group Reports Fourth Quarter and Full Year Results
February 12, 2024 4:02 PM ESTPARSIPPANY, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023.
We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA1 was $311 million.
Full year revenues of $12.0 billion was a new record for the Company. Net income was $1.6 billion and Adjusted EBITDA was $2.5 billion, both second highest full year records for the Company.
Our liquidity position at the end of the quarter... More
