Avis Budget Group, Inc. Share News

Karthik Sarma concentrates on a small number of stocks, and one has cost him more than $1 billion on paper in 2024.

Canadian Apartment Properties Real Estate Investment Trust's Q4 2023 results showed strong growth across the portfolio, but there's still no margin of safety. The Company initiated an inaugural $400MM ATM program, which we view as a potential risk with the units trading slightly below NAV. We maintain our Hold rating for CAPREIT, as we believe Northview Residential is still the clearest value p...

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Q4 2023 Earnings Call Transcript

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced size of the off...

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering. The Notes will be guaranteed on...

Hertz Global Holdings Inc.'s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.

Avis Budget Group Inc. investors were having their worst day in four years on Tuesday, after the car-rental company said it sold a record number of vehicles during the fourth quarter in a bad market for used cars, due to vehicle oversupply and a spike in interest costs.

Avis Budget Group, Inc. (CAR) Q4 2023 Earnings Call Transcript