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Avis Budget Group, Inc. (CAR) CEO Joe Ferraro on Q1 2021 Results - Earnings Call Transcript

May 04, 2021 1:46 PM ETAvis Budget Group, Inc. (CAR)
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Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET

Company Participants

David Calabria - Treasurer and Senior Vice President of Corporate Finance

Joe Ferraro - Chief Executive Officer

Brian Choi - Chief Financial Officer

Conference Call Participants

John Healy - Northcoast Research

Mario Cortellacci - Jefferies

Michael Millman - Millman Research Associates

Billy Kovanis - Morgan Stanley

Brian Johnson - Barclays

Aileen Smith - Bank of America

Chris Woronka - Deutsche Bank


Greetings, and welcome to the Avis Budget Group First Quarter 2021 Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce David Calabria, Treasurer and Senior Vice President of Corporate Finance. Thank you, you may begin.

David Calabria

Good morning, everyone, and thank you for joining us. On the call with me are Joe Ferraro, our Chief Executive Officer; and Brian Choi, our Chief Financial Officer.

Before we begin, I would like to remind everyone that we will be discussing forward-looking information, including potential future financial performance, which is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from such forward-looking statements and information. Such risks and assumptions, uncertainties and other factors are identified in our earnings release and other periodic filings with the SEC as well as the Investor Relations section of our website. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. And any or all forward-looking statements may prove to be inaccurate, and we can make no guarantees about our future performance. We undertake no obligation to update or revise our forward-looking statements.

On this call, we will discuss

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