Avis to Eye Bond Sale to Ride Out Travel Shutdown [Yahoo! Finance News]
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: Yahoo! Finance News
) -- Avis Budget Group Inc., the rental-car company, is looking to sell bonds to help it get through the shutdown of the travel industry during the coronavirus pandemic, according to people with knowledge of the situation.The company is negotiating an amendment to existing credit agreements that would enable it to sell as much as $750 million of secured bonds, the people said, asking not to be identified discussing a private matter. The amendment is close to being finalized and the bond could emerge after it’s completed, they said.Avis shares extended their gains after reported the sale, rising 8.9% to $13.08 on Friday in New York. The stock has plunged 59% this year.The rental-car industry, like airlines and cruise line operators, has been battered by a global clampdown on non-essential travel to stem the spread of Covid-19. Avis announced plans last month to cut annualized costs by $400 million and said this week it’s now on track to cut costs by $2 billion a year. The company and
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
- Uranium supplier announces $60 million Tennessee expansion as U.S. ramps up nuclear power [Fortune]Fortune
- As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically [Yahoo! Finance]Yahoo! Finance
- Centrus Stock Declines 10% on TENEX Update: What Does it Mean for Investors? [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (CAR): An Oversold Midcap Stock to Buy [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (NASDAQ: CAR) was downgraded by analysts at Northcoast Research from a "buy" rating to a "neutral" rating.MarketBeat
CAR
Earnings
- 10/31/24 - Miss
CAR
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- CAR's page on the SEC website