No Government Bailout Dooms Rental-Car Bonds [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
Opinion) -- Investors in Avis Budget Group Inc. and Hertz Global Holdings Inc. are learning the hard way what happens when widespread government bailouts don’t quite reach every corner of the U.S. economy.No matter where you look, whether it’s their stock, bonds or the asset-backed securities linked to their fleets, these rental-car companies are clearly feeling the squeeze from the coronavirus pandemic and the economic standstill. Avis shares have tumbled 76% since Feb. 20, to about $12 from $50, while Hertz is down more than 80% to about $4. Those are steeper declines than even shares of the three largest U.S. airlines, which reached an accord with the Treasury Department on federal aid just last week.The chief executive officers of Avis, Hertz and Enterprise Holdings Inc. had no such luck. They sent a joint letter to the U.S. government in mid-March requesting that the rental-car industry be included in any economic stimulus package, hoping to receive tax deferments and reduced rev
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 Group, Inc. (NASDAQ: CAR) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $85.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
- Ride Sharing Market to grow by USD 180.02 Billion (2024-2028), driven by rising vehicle ownership costs, with AI redefining the market landscape - Technavio [Yahoo! Finance]Yahoo! Finance
- Wireless EV Charging Market to Reach USD 995.8 Million by 2031 | SkyQuest Technology [Yahoo! Finance]Yahoo! Finance
- On-Demand Transportation Strategic Industry Research Report 2024: Market to Surpass $1 Trillion by 2030, Driven by Growing Focus on Urban Mobility, Last-Mile Connectivity, and Micro-Mobility [Yahoo! Finance]Yahoo! Finance
- Ground Transportation Stocks Q3 Highlights: Avis Budget Group (NASDAQ:CAR) [Yahoo! Finance]Yahoo! Finance
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