Avis Budget shares tumble 15 percent after cutting full-year revenue forecast [CNBC]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: CNBC
Patrick T. Fallon | Bloomberg | Getty Images A passenger boards an Avis shuttle bus at Los Angeles International Airport. Avis Budget shares dropped on Wednesday after reporting a full-year revenue forecast below estimates. Shares of the rental car company fell 15.2 percent at $32.86 per share after the company said it expects full-year revenue between $9.05 billion and $9.3 billion. Analysts were expecting revenue of $9.27 billion for the year, according to Thomson Reuters. Avis Budget said costs of launching recent partnerships could affect profit in the remainder of the year. On Monday, Avis Budget announced a multiyear deal with ride-share company Lyft that would allow North American Lyft Express drivers to use Avis vehicles rather than purchasing and using their own vehicles. The program is expected to make thousands of Avis cars available starting in the next few months. The company gave a full-year earnings outlook of between $3.00 a
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- Avis Budget Group (CAR) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- Avis Budget (CAR) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (NASDAQ: CAR) was upgraded by analysts at Northcoast Research from a "neutral" rating to a "buy" rating. They now have a $155.00 price target on the stock.MarketBeat
- Why Avis Budget Group (CAR) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Global Luxury Car Rental Market Reflects Robust Growth with Emerging Trends and Regional Insights in New Industry Report [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 2/12/24 - Beat
CAR
Sec Filings
- 3/18/24 - Form 8-K
- 3/15/24 - Form 4
- 3/15/24 - Form 4
- CAR's page on the SEC website