Earnings Call Insights: Avis Budget Group (NASDAQ:CAR) Q4 2024 CEO Joseph Ferraro highlighted the company’s accelerated fleet rotation strategy, resulting in a $2.5 billion non-cash impairment ...

Avis has achieved this reduction through working with manufacturers to add more lower emission vehicles to its fleet, as well as increasing the number of diesels in its key volume car groups. Cars ...

Car rental services provider Avis (NASDAQ:CAR) missed Wall Street ... reflect a change in strategy to significantly accelerate fleet rotations, which resulted in shortening the useful life ...

Avis Budget Group has undertaken a bold fleet rotation strategy, incurring a $2.5 billion impairment to address elevated fleet costs and position the company for long-term growth. Management ...