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How did Avis Budget Group perform in Q4 2023?

PARSIPPANY, N.J., February 12, 2024 – Avis Budget Group, Inc. ( NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023. We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA (1) was $311 million.

Who is Avis Budget Group?

ABOUT AVIS BUDGET GROUP We are a leading global provider of mobility solutions, both through our Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through our Zipcar brand, which is the world’s leading car sharing network.

How did Avis achieve a high price target?

We achieved this through continued demand improvement, seasonally adjusted price well above historical levels, and reducing the costs in our control,” said Joe Ferraro, Avis Budget Group Chief Executive Officer.

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