Avis Budget Stock Appreciates 12% Despite Earnings Miss in Q3 [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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ir.avisbudgetgroup.com
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Source: Yahoo! Finance
Despite the earnings miss, the stock has gained 12% since the earnings release on Oct. 31, 2024. CAR's earnings of $6.7 per share missed the Zacks Consensus Estimate by 22.2% and decreased 60.4% from the year-ago quarter's actual. Total revenues of $3.5 billion missed the consensus estimate by 2.3% and declined 2.4% on a year-over-year basis. Avis Budget's shares have declined 47.6% in the year-to-date period compared with 4.6% decrease of the industry and 27.7% growth of the Zacks S&P 500 composite. Image Source: Zacks Investment Research Revenues from the Americas amounted to $2.6 billion, indicating a fall of 4% from the year-ago quarter. The metric missed our estimate of $2.7 billion. International revenues were $840 million, up 1% on a year-over-year basis. However, the figure missed our expectation of $845.6 million. Strong international inbound and intra-European cross-border travel drove this region's revenues. Adjusted EBITDA was $503 million, down 45% from third
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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
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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