Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: Yahoo! Finance
CAR reported mixed first-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. The stock has gained 28.3% since its earnings release on May 1 despite the earnings miss. CAR's adjusted loss was $3.2 per share compared with the Zacks Consensus Estimate of a loss of $3.15 and year-ago earnings of $7.72. Total revenues of $2.6 billion beat the consensus estimate by a slight margin but decreased marginally year over year. Avis Budget's shares have lost 1.6% over the past month compared with the marginal decline of the industry it belongs to. Avis Budget Group, Inc. Price and EPS Surprise Avis Budget Group, Inc. price-eps-surprise | Avis Budget Group, Inc. Quote Segmental Revenues Revenues from Americas amounted to $2 billion, reflecting a decrease of 1% from the year-ago quarter. The metric was in line with our estimate. International revenues were $558 million, up 3% year over year. The figure missed our estimation of $567.1
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CAR
News
- Car Rental Market size is set to grow by USD 157.34 billion from 2024-2028, rise in vehicle ownership cost to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group Announces Pricing of €200 Million of Senior NotesGlobeNewswire
- Avis Budget Group Announces Intention to Offer €200 Million of Senior NotesGlobeNewswire
- Avis Budget Group: Company Getting Very Attractive Now But Caution Warranted [Seeking Alpha]Seeking Alpha
- Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 5/1/24 - Miss
CAR
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- CAR's page on the SEC website