Select

<input id="autocomplete" />
<script>
$("#autocomplete").kendoAutoComplete({
  dataSource: [ "Apples", "Oranges" ],
  select: function(e) {
    var item = e.item;
    var text = item.text();
/* The result can be observed in the DevTools(F12) console of the browser. */
    console.log(text);
    // Use the selected item or its text
  }
});
</script>

<input id="autocomplete" />
<script>
function autocomplete_select(e) {
  var item = e.item;
  var text = item.text();
  // Use the selected item or its text
}
$("#autocomplete").kendoAutoComplete({
  dataSource: [ "Apples", "Oranges" ]
});
var autocomplete = $("#autocomplete").data("kendoAutoComplete");
autocomplete.bind("select", autocomplete_select);
</script>

<input id="autocomplete" />
<script>
$("#autocomplete").kendoAutoComplete({
  dataSource: [ "Apples", "Oranges" ],
  select: function(e) {
    //call preventDefault() to prevent the selection
    e.preventDefault();
  }
});
</script>