Avis Budget CEO Joe Ferraro to Step Down, Brian Choi Named Successor
Avis Budget’s Chief Executive Officer Joe Ferraro is stepping down and will be succeeded by Brian Choi, its chief transformation officer.The Parsippany, N.J.-based car-rental company on Tuesday said that Ferraro will leave his position,
Avis Budget CEO Joe Ferraro to transition out of role, Brian Choi to succeed
Avis Budget (CAR) announced that after a 45-year career with the company, Joe Ferraro will transition from CEO to board advisor, effective June
Avis Budget reports Q4 loss from massive impairment hit on Americas fleet; CEO steps down
Avis Budget Group ( NASDAQ: CAR) swung to a huge loss in the fourth quarter due to a $2.5B impairment charge on its fleet, and the company announced that Joe Ferraro is stepping down as chief executive of the car rental firm after a 45-year career.
Choi to Replace Ferraro as Avis Budget CEO
Avis Budget Group has named former ABG CFO Brian Choi as its new CEO, effective July 1. Current CEO Joe Ferraro, who has been with the company for 45 years, will transition to a board advisor role.
Avis Budget Group reports Q4 loss, announces CEO transition
NEW YORK - Avis Budget Group (NASDAQ:CAR) reported a significant fourth-quarter loss and missed analyst expectations for both earnings and revenue, while also announcing a planned CEO transition. The car rental company's stock fell 1.
Avis Budget Group targets $1B adjusted EBITDA in 2025 with fleet rotation strategy
Q4 2024 Management View CEO Joseph Ferraro highlighted the company’s accelerated fleet rotation strategy, resulting in a $2.5 billion non-cash impairment charge. This decision involved replacing ...
Avis Budget Group (NASDAQ:CAR) Misses Q4 Sales Targets
Car rental services provider Avis (NASDAQ:CAR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 2% ...
Avis Budget Group Reports Fourth Quarter and Full Year Results
We ended 2024 with fourth quarter revenues of $2.7 billion, driven by strong leisure holiday travel. Net loss was nearly $2 billion, and Adjusted EBITDA 1 was a loss of $101 million. Full year ...
Avis Budget Group, Inc. (CAR) Q4 2024 Earnings Call Transcript
Avis Budget Group, Inc. ( NASDAQ: CAR) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET David Calabria - SVP, Corporate Finance and Treasurer Joseph Ferraro - President and CEO Izilda ...
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Avis Budget Group (CAR) Reports Q4: Everything You Need To Know Ahead Of Earnings
Car rental services provider Avis (NASDAQ:CAR) will be reporting earnings tomorrow after the bell. Here’s what you need to ...
Avis Budget Swings to 4Q Loss Due to Fleet Rotation Acceleration
The loss reflects a change in strategy to accelerate fleet rotations, which resulted in shortening the life of most of the vehicles in the Americas' segment, Avis said. The financial impact was a ...
Avis Budget: Q4 Earnings Snapshot
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Tuesday reported a fourth-quarter loss of $1.96 billion, after reporting a profit in the same period a year earlier.
Analysts Conflicted on These Industrial Goods Names: Masco (MAS) and Avis Budget (CAR)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Masco (MAS – Research Report) and Avis Budget (CAR – ...