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Avis Budget Group (CAR) Q3 2012, Record Results

crwenews

https://static.seekingalpha.com/uploads/2012/11/2/saupload_car.jpgCAR, Avis Budget Group, Inc.

** On its third quarter 2012, CAR posted revenue of $2.2 billion, a 34% increase year over year, and adjusted EBITDA, excluding certain items, of $377 million, a 39% increase compared to the same period the prior year, which represents CAR's highest-ever quarterly earnings.

According to its financial outlook, CAR expects its full-year 2012 revenue to be approximately $7.3 billion, a 24% increase compared to 2011.

https://static.seekingalpha.com/uploads/2012/11/2/saupload_car_chart.png

CAR is a leading global provider of vehicle rental services through its Avis and Budget brands, with 10,000 rental locations in approximately 175 countries around the world.

More about CAR at www.avisbudgetgroup.com.

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