Avis Budget Group Reports First Quarter Results

PARSIPPANY, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2025 today. We ended the quarter with revenues of $2.4 billion, net loss of$505 million, and an Adjusted EBITDA loss of $93 million. During the first quarter, as anticipated, we recorded a non-cash fleet charge of$390 million related to the disposition of certain vehicles within the Americas. We do not expect further charges related to our accelerated fleet rotation strate ...