Avis Budget announced preliminary 2017 results ahead of FactSet consensus [MarketWatch]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: MarketWatch
Avis Budget announced preliminary 2017 results ahead of FactSet consensus Avis Budget Group CAR, -3.67% shares were down slightly in premarket trading Tuesday after the firm said that based on preliminary numbers, it expected revenue for its 2017 fiscal year to be $8.85 billion, up 2.2% from a year ago and ahead of FactSet consensus estimates for $8.81 billion. The company expects adjusted pretax income of between $340 and $350 million, also ahead of estimates. "Over the past two years we were confronted with nearly $300 million of unexpected pricing and fleet cost challenges," CEO Larry De Shon said in a release. "In the face of these extraordinary market pressures, we took decisive steps to reduce costs, including implementing voluntary retirement programs and other actions that produced more than $75 million of cost savings in 2017 alone." He also highlighted the company's efforts to adapt to a changing mobility environment, including a previously announced partnership with Waym
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- Avis Budget Group to Announce First Quarter 2024 Results on May 1stGlobeNewswire
- Avis Budget Group, Inc. (NASDAQ: CAR) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $202.00 to $183.00. They now have a "buy" rating on the stock.MarketBeat
- Avis Budget Group, Inc. (NASDAQ: CAR) had its price target lowered by analysts at Morgan Stanley from $190.00 to $187.00. They now have an "overweight" rating on the stock.MarketBeat
CAR
Earnings
- 2/12/24 - Beat
CAR
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/18/24 - Form 8-K
- CAR's page on the SEC website