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 ...
Lost Money on Avis Budget Group, Inc. (CAR)? You May Have Been Affected by Fraud - Contact Levi & Korsinsky
NEW YORK, NY / ACCESS Newswire / February 14, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Avis ...
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 price target lowered to $120 from $140 at BofA
BofA lowered the firm’s price target on Avis Budget (CAR) to $120 from $140 and keeps a Buy rating on the shares. The firm “modestly” reduced ...
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 ...
Business Travel News2d
Avis Budget Defends Strategy that Led to Q4 $2.5B Impairment
Outgoing Avis Budget Group CEO Joe Ferraro on a Wednesday earnings call defended the company's decision to significantly accelerate its fleet rotation strategy, which resulted in a fourth-quarter ...
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 ...
Avis Budget’s higher impairment pushed out ‘clearing event’, says Goldman Sachs
Goldman Sachs keeps a Neutral rating and $95 price target on Avis Budget (CAR) after its Q4 results but notes that the size of the reported ...
Business Travel News3d
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 ...