Reports Q1 revenue $2.56B, consensus $2.54B. "Our first quarter demand was strong, with our international inbound and commercial customers continuing their improved growth. This culminated with the most rental transactions in our first quarter history," said Joe Ferraro, Avis Budget Group CEO. "Despite this growth in activity, we managed to improve utilization and rigorously control costs to continue to deliver strong earnings. I want to thank our team, all around the world, for all their hard work. We look forward to continued success as we transition towards our seasonal peak."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CAR:
- Avis Budget Group Reports First Quarter Results
- Avis Budget options imply 8.3% move in share price post-earnings
- CAR Upcoming Earnings Report: What to Expect?
- Jefferies Euro midcaps/autos analysts hold analyst/industry conference call
- Avis Budget Group to Announce First Quarter 2023 Results on May 1st
