Avis Budget, Q4
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.
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 on June 30 to take on a position as adviser to the board. Choi will succeed him as CEO on July 1.
I have been a satisfied customer of Budget Car Rental for over 6 years. I have rented multiple cars per year from Budget at the Santa Maria Airport location. There are several reasons why Budget ...
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Avis Budget Group (NASDAQ:CAR) Misses Q4 Sales TargetsCar rental services provider Avis (NASDAQ:CAR) in Q4 CY2024, with sales falling 2% year on year to $2.71 billion. Its GAAP ...
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 ...
When Joseph Hall returns his car to Budget, it drops a $450 cleaning bill on him. Does he have to pay all of it?
I rented a car from Budget for our family trip to Niagara Falls for 10 days. We also drove to Toronto and Montreal. After I ...
Avis Budget Group, Inc. engages in the provision ... The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the ...
Equities researchers at Ventum Cap Mkts issued their Q4 2024 earnings estimates for shares of Capreit in a research report issued on Monday, February 10th. Ventum Cap Mkts analyst D. Chrystal ...
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