Press Releases

PARSIPPANY, N.J., April 27, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced that the Company has obtained a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30,...

PARSIPPANY, N.J., April 22, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today provided preliminary First Quarter 2020 Financial Results as well as a further business update related to COVID-19 to supplement our earlier press release issued on March 23, 2020....

PARSIPPANY, N.J., April 21, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) (the “Company”) announced today that, due to the public health impact of the coronavirus outbreak (COVID-19) and to prioritize the health and well-being of our employees, shareholders and community, the...

PARSIPPANY, N.J., March 23, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today provided the following business update related to the coronavirus. Joe Ferraro, Interim President and Chief Executive Officer, said, “Consistent with other integral components of the global travel...

Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives PARSIPPANY, N.J., Feb. 24, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that it has entered into a new cooperation agreement with SRS Investment Management,...

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....

PARSIPPANY, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee,...

Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020...

SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms PARSIPPANY, N.J., Jan. 28, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced that a committee (the “Committee”) of its Board of Directors that was formed to manage the Board’s...