Business travelers increasingly prefer ride-hailing services over car rentals, taxis [CNBC]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: CNBC
Business travelers are renting fewer cars and taking taxis less often while they are on the road, according to research from Certify. Instead, business travelers are using ride-hailing firms such as Uber and Lyft. Certify is an expense management firm. Published 2 Hours Ago CNBC.com Kelly Sullivan | Getty Images A Lyft Amp with driver and passenger on January 31, 2017 in San Francisco, California. With corporate travel surging due to a red-hot economy, business travelers are increasingly turning to ride-hailing firms when they are on the road. Year-end analysis of more than 50 million expense reports in 2017 by the expense management firm Certify, shows Uber and Lyft were the choice for more than two-thirds of the corporate travel receipts it analyzed. Overall, 68 percent of the ground transportation receipts Certify looked at in 2017 were for trips taken with Uber or Lyft. By comparison, just 56 p
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News
- 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
- Avis Budget Group (CAR) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (NASDAQ: CAR) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $130.00 price target on the stock, up previously from $118.00.MarketBeat
- Avis Budget Group (CAR) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
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