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Why Avis and Hertz Stocks Fell Tuesday [The Motley Fool]

AVIS BUDGET GROUP (CAR)  More Company Research Source: The Motley Fool
Last avis budget group earnings: 5/2 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avisbudgetgroup.com
PDF Will 2018 present more headwinds than tailwinds for car rental companies? Daniel Sparks ( TMFDanielSparks ) Jan 16, 2018 at 4:31PM What happened Shares of rental car companies Avis Budget Group ( NASDAQ:CAR ) and Hertz Global ( NYSE:HTZ ) fell as much as 14.3% and 16.4%, respectively, on Tuesday. The declines followed the release of Avis' preliminary fourth-quarter and full-year results, and some somber comments from its management about expectations for 2018.  Investors seem to have extrapolated from Avis' press release that Hertz could be similarly impacted by negative secular trends in 2018. At the close, Avis and Hertz stock were down 13.5% and 14.9%, respectively. Image source: Getty Images. So what For 2017, Avis now expects to report total revenue of $8.85 billion, up about 2.2% from 2016. On average, analysts were exp [Read more]

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