Avis Budget lands a higher rating than Hertz Global at Barclays [Seeking Alpha]
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
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Source: Seeking Alpha
Analyst Dan Levy and his team believe the central debate for the U.S. car rental industry is whether it is now a transformed industry. "After a robust post-COVID era in 2021-‘23, in which the industry saw elevated profits given a best of both worlds combination of elevated pricing and low fleet costs, results have reversed in 2024, putting the path forward into question," he highlighted. Levy said the industry has made some improvements, but thinks that additional proof points are needed to demonstrate that the industry has truly gone through a transformation, which led him to have a Neutral view on the overall car rental industry. Avis Budget ( CAR ) was called a solid executor, with a clear number two position in the U.S. rental business behind Enterprise. Hertz ( HTZ ) received a lower rating from Barclays than its rival due to the significant fleet overhaul taking place and some liquidity concerns. In terms of quantitative analysis, Avis Budget ( CAR ) has a Seeking Alpha Q
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CAR
News
- Avis Budget Group, Inc. (NASDAQ: CAR) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $105.00 price target on the stock.MarketBeat
- Truck Rental Market to Grow by USD 40 Billion (2024-2028) as Fleet Operators Face Cost Pressure, AI Impact on Trends - Technavio Report [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group's (NASDAQ:CAR) five-year earnings growth trails the 24% YoY shareholder returns [Yahoo! Finance]Yahoo! Finance
- Centrus Secures $1.8 Billion in Contingent Sales Commitments [Yahoo! Finance]Yahoo! Finance
- Putin calls for export limits on Russian nickel, uranium and titanium [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 8/5/24 - Miss
CAR
Sec Filings
- 9/13/24 - Form 8-K
- 8/6/24 - Form 10-Q
- 8/5/24 - Form 8-K
- CAR's page on the SEC website