Avis Budget Group (CAR) Misses Q2 EPS by $2.08
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Avis Budget Group Reports Second Quarter Results
August 5, 2024 4:00 PM EDTPARSIPPANY, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2024 today.
We ended the quarter with revenues of more than $3.0 billion, driven by sequential monthly improvement in revenue per day. Net income was $15 million and our Adjusted EBITDA1 was $214 million.
As the second quarter progressed, demand elevated with pricing and vehicle utilization sequentially improving. June pricing finished down slightly and vehicle utilization up a point in the Americas compared to June 2023, said Joe Ferraro, Avis Budget Group Chief... More
