Why Avis Budget Group Stock Veered off Course Monday [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
Company Research
Source: Yahoo! Finance
On Monday, they traded out of the stock to leave it with a nearly 9% loss that trading session. The main reason why is that the company announced it's planning a new, secondary share issue. A hard tap on the brakes Late Friday, Avis disclosed in a regulatory filing that it has entered into an equity distribution agreement to potentially float up to 5 million shares of its common stock. Those sales could take place from time to time, and will be effected in at-the-market offerings (i.e., sales to the public at current market prices). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. The auto rental company said it intends to use its share of the issue's proceed's for "general corporate purposes." Among other uses, this could mean debt retirement, acquisitions, and share buybacks.
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CAR
Earnings
- 2/18/26 - Miss
CAR
Sec Filings
- 4/2/26 - Form DEFA14A
- 4/2/26 - Form DEF
- 3/27/26 - Form 8-K
- CAR's page on the SEC website