Budget-group | Car Hire

U.S. Using ‘Bully Pulpit’ to Urge Rental Car Repairs

Car Hire — Tags: budget-group, car hire news, complete-repairs, hertz-global, largest-car-rental, regulator-said, rental-car-companies, working-through — Dean @ 11:10 am

The top U.S. auto-safety regulator said he is “working through the bully pulpit” to make sure rental-car companies such as Avis Budget Group Inc. and Hertz Global Holdings Inc.

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U.S. Using ‘Bully Pulpit’ to Urge Rental Car Repairs

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Avis Budget Group Announces Pricing of $200 Million of Senior Notes

Car Hire — Tags: 200-million, aggregate-principal, budget, budget-group, car, car hire news, llc, notes-constitute, nyse, rental, senior-notes, single-series — Dean @ 6:27 pm

PARSIPPANY, N.J.–(Marketwire – November 15, 2010) – Avis Budget Group, Inc. ( NYSE : CAR ) announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has priced an offering of an additional $200 million aggregate principal amount of 8.25% senior notes due 2019

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Avis Budget Group Announces Pricing of $200 Million of Senior Notes

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Analyst Moves: CAR, CSX, DIS

Car Hire — Tags: barclays, budget-group, car, criminal-damage, demand-continues, eps, higher, increased-its, its-overweight, rental, rental-car, the-higher, the-rental — Dean @ 1:45 pm

This morning, Barclays raised its price target on shares of the Avis/Budget Group (CAR) to $18 as demand continues to recover in the rental car industry. With the higher price target, Barclays increased its EPS estimates while reiterating its overweight rating.