Avis Budget Group Is Still Not A Buy Unless You Expect Plunging Interest Rates [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
Play 10min Summary Used vehicle prices have started to strengthen a modest amount recently. Lower interest rates could have a significant positive impact on Avis Budget Group's income. While the company has recently stopped repurchasing their stock, they are still highly leveraged because of prior large stock repurchases. NASDAQ: CAR expect interest rates to drop. I am not one of those. I still think interest rates will remain higher for longer than some market bulls expect. While there have been a number of positive developments for Avis over the last few weeks, I still rate the stock a hold even at the current low price. This is an update to my prior CAR articles. site.manheim.com site.manheim.com sec.gov sec.gov This article was written by WYCO Researcher 8.29K Follower s Follow B.A. in Economics; M.S. in Finance. I usually write about distressed companies and companies in Ch.11 bankruptcy. I am semi-retired after spending decades in investments. An
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News
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- 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