Goldman Sachs warns on auto rental pressure [Seeking Alpha]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
Company Research
Source: Seeking Alpha
Goldman Sachs warns on auto rental pressureGoldman Sachs thinks Avis Budget (CAR-5.1%) will face pressure from an increase in off-lease vehicles and increased competition at airports.The concerns are significant enough that the investment firm sets its estimate on Avis' 2018 EBITDA at about 30% below the consensus mark."Overall, we believe sustained competition from industry market share leader Enterprise (which has continued to take share) as well as increasing availability of ride-share competition on-airport, in combination with rising interest rates and a reversion in residual value trends will keep rental car earnings more flat year-over-year in 2018 and below Street expectations," sums up analyst David Tamberrino on the bear case.GS drops Avis to a Sell rating and assigns a price target of $33.Hertz Global (HTZ-2.3%) is also tracking lower today. There wasn't too much that Goldman pushed out in its note on Avis that doesn't also apply to Hertz.Click to subscribe to real-time ana
Show less
Read more
Impact Snapshot
Event Time:
CAR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CAR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CAR alerts
High impacting Avis Budget Group, Inc. news events
Weekly update
A roundup of the hottest topics
CAR
News
- Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 [Yahoo! Finance]Yahoo! Finance
- 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
- Why Avis Budget Stock Surged Thursday [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (NASDAQ: CAR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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