Avis Budget Group, Inc. (NASDAQ:CAR) Q2 2019 Earnings Conference Call - Final Transcript

Aug 06, 2019 • 08:30 am ET

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Avis Budget Group, Inc. (NASDAQ:CAR) Q2 2019 Earnings Conference Call - Final Transcript

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Executive
John F. North

$9.2 billion and $9.5 billion and adjusted EBITDA to remain between $750 million and $850 million. With the frequency of personal auto claims being lower than prior year per insurance industry statistics, cars that would have been utilized for insurance replacement we believe are now being put into the rental car fleet, with that slight softening, we narrowed our Americas guidance on revenue per day to a range of flat to up 1.5%, offsetting this as a strong residual market in the Americas where we are improving our fleet cost per unit to down 3% to down 7%.

With the additional guidance we provided, we refer you to our earnings release published last night. In summary, the Americas had strong results in the quarter and the International market remains competitive, but we continue to invest to improve our efficiency and target strategic growth opportunities, underpinning all of this, we are investing in new technologies, mobility solutions and ways to improve our customers experience.

With that, Larry and I'd be happy to take some questions.