Avis Budget to Move Stock Exchange Listing to NASDAQ

Avis Budget Group Inc. announced Dec. 20 that it will move its stock exchange listing from The New York Stock Exchange to The NASDAQ Global Select Market, an exchange of The NASDAQ OMX Group Inc. 

The Company currently expects trading to commence on the NASDAQ on Dec. 31, 2010 and will continue to be listed under the ticker symbol "CAR."

"We are thrilled to be joining the many forward-thinking, innovative companies listed on the NASDAQ," said Ronald L. Nelson, Avis Budget Group chairman and chief executive officer. "We are confident that the trading platforms that NASDAQ provides, and its world-class customer service, will benefit Avis Budget Group and our shareholders."

"Avis Budget Group is a globally recognized company whose essential services touch travelers every day," said Bruce Aust, executive vice president of global corporate client group for NASDAQ OMX. "We are proud to welcome Avis Budget Group and its well admired brands to NASDAQ."

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

Job Finder: Access Top Talent. Fill Key Positions.

>