5
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Whitney Tilson: Car Rental Prices Will Continue to Rise
1 week ago - Benzinga - May 15, 2013 2:40 PM
Expect big changes from Hertz (NYSE: HTZ), Avis (NASDAQ: CAR), Enterprise and the entire industry over the next 10 years.
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Top 4 Mid-Cap Stocks In The Auto Dealerships Industry With The Highest ROE
1 week ago - Benzinga - May 14, 2013 4:19 AM
Below are the top mid-cap auto dealerships stocks on the NYSE and the NASDAQ in terms of return on equity.The trailing-twelve-month return on equity at Avis Budget Group (NASDAQ: CAR) is 49.62%.
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Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:14 PM
NEW YORK (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software , have one common link: Kirkla
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DEALTALK-Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:02 PM
NEW YORK, May 13 (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software , have one common link
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DEALTALK-Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:02 PM
NEW YORK, May 13 (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software , have one common link
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DEALTALK-Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:02 PM
NEW YORK, May 13 (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software , have one common link
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DEALTALK-Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:02 PM
NEW YORK, May 13 (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion...
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DEALTALK-Kirkland builds leading M&A practice on big hires, deals
1 week ago - Reuters - May 13, 2013 7:02 PM
NEW YORK, May 13 (Reuters) - The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software , have one common link
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1
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Avis Budget Group Management Discusses Q1 2013 Results - Earnings Call Transcript
3 weeks ago - Seeking Alpha - May 2, 2013 4:40 PM
Avis Budget Group (CAR)Q1 2013 Earnings CallMay 02, 20138:30 am ETExecutivesNeal GoldnerRonald L. Nelson - Chairman, Chief Executive Officer, President, Chief Operating Officer and Chairman of Executive CommitteeDavid B. Wyshner - Global Chief Financ
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Avis Budget Group Larger Than S&P 500 Component Harman International Industries
3 weeks ago - Forbes - May 1, 2013 4:45 PM
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Avis Budget Group Inc (NASD: CAR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Harman International Ind
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3
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Forbes Earnings Preview: Avis Budget
3 weeks ago - Forbes - Apr 29, 2013 12:30 PM
Despite an expected dip in profit, analysts are generally optimistic about Avis Budget (CAR) as it prepares to reports its first quarter earnings on Wednesday, May 1, 2013.
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The Booming Car Rental Industry
1 month ago - The Motley Fool - Apr 10, 2013 12:55 PM
Both Hertz and Avis have been growing at incredible rates, but Hertz offers a more diversified business and greater potential for future growth.
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36
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First glimmers of Avis-Zipcar acquisition appear at NYC airports
2 months ago - VentureBeat - Mar 20, 2013 1:01 PM
Just days after the Avis officially acquires Zipcar, a small number of zipcars pop up at NYC regional airports.
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UPDATE: Morgan Stanley Resumes Avis Budget at Underweight on Increased Rental Car Fleet Costs
2 months ago - Benzinga - Mar 19, 2013 9:11 AM
In a report published by Morgan Stanley, analyst Adam Jonas resumed coverage with an Underweight rating and $25 price target on Avis Budget (NASDAQ: CAR). Morgan Stanley reported that, “We think used prices fall more than consensus expects.
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ZipCar CEO resigns, hours after Avis acquisition
2 months ago - CNN Money - Mar 15, 2013 4:13 PM
Scott Griffith resigns, just hours after company is acquired.
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Avis Reports $650M Secruitization Program for European Rental Fleet
2 months ago - Benzinga - Mar 11, 2013 7:31 AM
Avis Budget Group, Inc.(Nasdaq: CAR) announced today that it has entered into a three-year, €500million (approximately $650 million) European rental fleet securitizationprogram, providing the Company's subsidiaries in Germany, Italy and Spainincrea
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BRIEF-UK's OFT updates on IQE, Avis Budget Group deals
2 months ago - Reuters - Mar 8, 2013 10:07 AM
LONDON, March 8 (Reuters)* Office of fair trading - relevant merger situation not beencreated in
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Avis Budget Group, Inc. Presents at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, Mar-07-2013 09:00 AM
2 months ago - Seeking Alpha - Mar 7, 2013 3:30 PM
Avis Budget Group, Inc. (CAR)March 07, 2013 12:00 pm ETExecutivesDavid B. Wyshner - Global Chief Financial Officer and Senior Executive Vice PresidentAnalystsKevin Milota - JP Morgan Chase & Co, Research DivisionPresentationKevin Milota - JP Morgan C
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40
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Zipcar Profit Surges on Tax Benefit
3 months ago - WSJ - Feb 15, 2013 12:54 PM
Zipcar's profit more than tripled ahead of its pending acquisition by Avis, as the car-sharing company recorded strong revenue was also helped by a large tax benefit.
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1
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Avis Budget Group Management Discusses Q4 2012 Results - Earnings Call Transcript
3 months ago - Seeking Alpha - Feb 14, 2013 1:30 PM
Avis Budget Group (CAR)Q4 2012 Earnings CallFebruary 14, 20138:30 am ETExecutivesNeal GoldnerRonald L. Nelson - Chairman, Chief Executive Officer, President, Chief Operating Officer and Chairman of Executive CommitteeDavid B. Wyshner - Global Chief F
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UPDATE: Avis Budget Posts Narrower Q4 Loss
3 months ago - Benzinga - Feb 14, 2013 12:53 AM
Avis Budget Group (NYSE: CAR) posted a narrower fourth-quarter loss.Avis Budget posted a quarterly loss of $46 million, or $0.43 per share, versus a year-ago loss of $170 million, or $1.62 per share. Excluding one-time items, it posted an adjusted lo
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Avis Budget Group Earnings: Here’s Why Investors Don’t Like These Results
3 months ago - Wall St Cheat Sheet - Feb 13, 2013 6:09 PM
Here's your Cheat Sheet to earnings...
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Avis Budget Group: Plenty Of Upside Remaining
3 months ago - Seeking Alpha - Feb 12, 2013 2:42 PM
ByMayank Rasu:Stocks of auto rental companies such as Avis Budget Group Inc. (CAR) and Hertz Global Holdings Inc. (HTZ) have done very well in the last six months. Financial performance of private auto rental firms such as Enterprise Holdings is also
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Forbes Earnings Preview: Avis Budget
3 months ago - Forbes - Feb 11, 2013 10:02 AM
Avis Budget (CAR) is expected to book a narrower loss than a year ago when it reports fourth quarter earnings on Wednesday, February 13, 2013 with analysts expecting a loss of 8 cents per share, up from a loss of 14 cents per share a year ago.
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12
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A Startup Car-Sharing Service Lets Auto Owners Make A Bunch Of Money
3 months ago - Business Insider - Feb 5, 2013 4:32 PM
In early January, Avis Budget acquired the car-sharing service Zipcar for $500 million, although Zipcar had made just $4.7 million in profits in the past year. That may prove to be a smart move for Avis, but after testing out a new kind of car s
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BRIEF-UK's OFT to look into Avis Budget-Zipcar Inc deal
4 months ago - Reuters - Jan 28, 2013 10:07 AM
LONDON, Jan 28 (Reuters) - Office Of Fair Trading : * OFT to look into anticipated acquisition by AvisBudget Group Inc of
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Ask Matt: Is Avis Budget stock a buy?
4 months ago - USA Today - Jan 28, 2013 3:10 AM
While Avis Budget has bought Zipcar, the stock still isn't a compelling value.
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2
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Is It Time to Cash Out of Zipcar?
4 months ago - The Motley Fool - Jan 18, 2013 1:51 PM
Should Zipcar investors sell Avis and its management?
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7
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Zipcar deal will ease market expansion
4 months ago - FT - Jan 14, 2013 3:42 PM
Rental chain Avis’s $500m takeover of the car-sharing club should encourage other participants and will not reduce choice for drivers
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5
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Avis' buy of tiny Zipcar could be in antitrust fast lane
4 months ago - Fox Business - Jan 13, 2013 4:18 PM
When car rental giant Avis announced in early January that it planned to buy Zipcar, hipsters across the United States gnashed their teeth in unison.
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Avis' buy of tiny Zipcar could be in antitrust fast lane
4 months ago - Reuters - Jan 13, 2013 3:50 PM
WASHINGTON (Reuters) - When car rental giant Avis announced in early January that it planned to buy Zipcar, hipsters across the United States gnashed their teeth in unison.
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Avis' buy of tiny Zipcar could be in antitrust fast lane
4 months ago - Reuters - Jan 13, 2013 3:37 PM
WASHINGTON, Jan 13 (Reuters) - When car rental giant Avisannounced in early January that it planned to buy Zipcar,hipsters across the United States gnashed their teeth in unison.
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Branham Law, LLP Investigating Zipcar Sale to Avis Budget Group
4 months ago - The Motley Fool - Jan 9, 2013 12:53 PM
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Avis Has To Merge Two Wildly Different Strategies After Buying Zipcar
4 months ago - Business Insider - Jan 8, 2013 2:32 PM
A new term starts today at Northwestern and I will be teaching a couple of sections of the core ops class. That means I will almost certainly be leading a discussion about Zipcar. One of the first points that we make in the core class is that operati
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Already In 2013, There's A Whole New Class Of Companies Spending Hundreds Of Millions To Buy Startups
4 months ago - Business Insider - Jan 8, 2013 9:01 AM
So far, 2012 has seen two major acquisitions in the tech space. Avis bought Zipcar for $500 million. Then, yesterday, Athena Healthcare bought iPhone app maker Epocrates for $300 million. GigaOm founder Om Malik points out that Avis and Athena are a
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27
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Avis and Hertz Expand, Raising Questions Over Future Rates
4 months ago - NY Times - Jan 7, 2013 4:51 PM
Analysts say the consolidation of the car rental business may not affect prices in the short term, but they are less certain about the long-term implications.
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1
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Avis' Zipcar Buy Illustrates These Three Companies' Strengths
4 months ago - The Motley Fool - Jan 7, 2013 4:34 PM
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TEXT-Fitch: Avis' ratings unaffected by Zipcar announcement
4 months ago - Reuters - Jan 7, 2013 1:36 PM
Jan 7 - Fitch Ratings believes there is no impact on the ratings of AvisBudget Group, Inc. (ABG) and its debt-issuing subsidiary Avis Budget CarRental, LLC following ABG's announcement on Jan. 2, 2013 of its intent toacquire the outstanding shares of
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7
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Tien Tzuo: Avis Buys Zipcar and Enters Subscription Economy
4 months ago - Huffington Post - Jan 7, 2013 1:20 PM
Zipcar's purchase proves the Subscription Economy isn't going away, it's going to be incorporated and leveraged by the best businesses of the next generation, and that now includes Avis.
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Forget the Zipcar Avis Deal: Rent Cheaper with Peer-to-Peer Car Sharing
5 months ago - DailyFinance - Jan 5, 2013 6:00 AM
Filed under: Avis Budget Group, Autos, Saving MoneyAvis Budget Group's (CAR) purchase of major car-sharing player Zipcar this week for $500 million validates the popularity and potential of the car-sharing industry.But though Zipcar controls 75 perce
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Zipcar: Avis Makes a Smart Acquisition
5 months ago - The Motley Fool - Jan 4, 2013 11:28 AM
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Bucks Blog: Zipcar, Avis and Age Discrimination Against Renters
5 months ago - NY Times - Jan 3, 2013 3:13 PM
Zipcar rents to people between the ages of 18 and 25. Avis Budget generally does not, or if it does, it charges them a lot of money. Whose policies will prevail after their merger?
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6
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Stop bashing the 'uncool' Avis-Zipcar deal
5 months ago - CNN Money - Jan 3, 2013 10:50 AM
Knee-jerk criticism of the Avis-Zipcar deal is misplaced.
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Spam’s Maker Buys Skippy, We Hope They Don’t Come Up With Any Wacky Combos
5 months ago - The Consumerist - Jan 3, 2013 10:07 AM
Maybe it’s just the refreshing feeling of a brand new year, but this week has already seen a lot of action when it comes to companies buying other companies/brands. Yesterday Avis announced it was buying Zipcar, and today Hormel says it’s
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The Best Explanation You'll Read On Why Avis Bought Zipcar For $500 Million
5 months ago - Business Insider - Jan 3, 2013 8:17 AM
In light of Avis Budget's recent $500 million acquisition of Zipcar, Felix Salmon at Reuters argues that Avis is a clear winner in the game of mergers and acquisitions. Here's why: Hertz's hefty $2.6 billion acquisition of Dollar Thrifty saved Avis
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63
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ZipCar: Keep Driving Me Crazy. Please.
5 months ago - Forbes - Jan 3, 2013 8:08 AM
ZipCar just sent me a 'personalized' email announcing their planned acquisition by Avis. Notwithstanding my general abhorrence of all things automotive (despite or perhaps because of growing up in Michigan), I ha
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Avis, Zipcar And The Next Big Wave of M&A
5 months ago - TheStreet - Jan 3, 2013 7:39 AM
NEW YORK (TheStreet) -- The Wall Street Journal's Dennis Berman wrote an excellent piece for LinkedIn -- Zipcar and the Death of Entrepreneurship. On the Avis Budgetbuyout of Zipcar , Berman nutshelled: The reality is that Zipcar suffered from lack o
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67
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Zipcar's Venture Capitalists Clung to a Vision
5 months ago - WSJ - Jan 2, 2013 11:40 PM
Venture-capital investors in car-sharing service Zipcar will likely make a profit from Avis Budget Group's about $500 million buyout. But the returns are hardly what these firms hoped for when they invested years ago.
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Write-Offs: 01.02.13
5 months ago - Dealbreaker - Jan 2, 2013 8:30 PM
$$$ Moody’s says more steps needed to save US credit rating [Reuters]$$$ Avis to Buy Car-Sharing Service Zipcar [WSJ]$$$ There’s going to be a re-settlement of the mortgage settlement [NYT]$$$ BofA Could Join JPMorgan Selling Units to Boo
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US STOCKS-Wall St starts new year with a bang after 'cliff' deal
5 months ago - Reuters - Jan 2, 2013 5:04 PM
* Zipcar soars after Avis Budget's $500 million offer to buyit
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