Why Avis and Hertz Stocks Fell Tuesday [The Motley Fool]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: The Motley Fool
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
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CAR
News
- 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
- Avis Budget Group's (NASDAQ:CAR) 30% CAGR outpaced the company's earnings growth over the same five-year period [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