Avis Budget Group's Stock Drops Despite Record Car Sales
Avis Budget Group, Inc. held its Q4 2023 earnings call, discussing forward-looking information and non-GAAP financial measures. The company welcomed Izzy Martins as the new Chief Financial Officer and highlighted the move to a new world headquarters in New Jersey. They reported approximately $2.8 billion of revenue and $311 million of adjusted EBITDA for the quarter.