Avis stock rallies as company expects still-strong Q1 sales [MarketWatch]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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ir.avisbudgetgroup.com
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Source: MarketWatch
Shares of Avis Budget Group Inc. rose more than 7% in the extended session Wednesday after the rental-car company said it expects first-quarter sales modestly below consensus, thanks to a busy January and February. Avis said it expects first-quarter sales between $1.7 billion and $1.8 billion, and a GAAP net loss between $155 million and $165 million for the quarter. It called for adjusted loss between $85 million and $95 million, which would compare with an adjusted loss of $1 million in the first quarter of 2019. Analysts polled by FactSet expect the car-rental company to report an adjusted loss of $1.57 a share on sales of $1.9 billion in the quarter. The company said its January and February sales were "exceptionally strong" and that 2020 had potential to be a record year before the mid-March shutdowns and shelter-in-place orders that halted travel worldwide. April sales appear to have stabilized, down about 80% from the year before, the company said. May sales are likely to be si
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CAR
News
- Avis Budget Group (CAR) had its price target lowered by Morgan Stanley from $142.00 to $97.00. They now have an "equal weight" rating on the stock.MarketBeat
- Car Shareholders Lost Money? Levi & Korsinsky, LLP Probes Reported Vs. Actual FiguresGlobeNewswire
- A-Z Bus Sales Expands North Texas Presence with New Krugerville Location Serving the DFW AreaPR Web
- CAR INVESTORS LOSE BIG ON Q4 EARNINGS MISS -- LEVI & KORSINSKY, LLP INVESTIGATESPR Newswire
- Decagon completes first tender offer at $4.5B valuation [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 2/18/26 - Miss
CAR
Sec Filings
- 3/5/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 8-K
- CAR's page on the SEC website