Avis Budget Group

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.

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Avis Budget Group achieves record earnings, eyes M&A for growth

Avis Budget Group delivered exceptional financial performance, marked by record EBITDA, strong revenue generation, and effective cost control. While facing challenges such as seasonal RPD declines and automaker production impacts, the company remains agile and focused on customer experience, fleet optimization, and strategic growth initiatives.

Avis Budget Group achieves record Q1 revenue and EBITDA

Avis Budget Group's Q1 performance showcased robust revenue and earnings growth, driven by strong demand in commercial and international travel segments. The company's cautious approach to electric vehicles and strategic fleet actions underscore its commitment to sustainable growth and capital efficiency. With a focus on diverse market expansion and revenue optimization, Avis Budget Group is poised for continued success in the evolving travel landscape.

Avis Budget Group reports solid Q2 earnings amidst travel recovery

Avis Budget Group's Q2 2023 performance showed revenue growth and strong adjusted EBITDA. The company focused on fleet optimization and profitability, with a renewed marketing push for the Avis brand. Challenges include high depreciation and increased vehicle interest costs. Opportunities lie in strong cross-border and domestic travel demand.

Avis Budget Group posts record Q3 revenue, eyes EV opportunities

Avis Budget Group delivered strong financial performance in Q3 2023, driven by robust revenue and adjusted EBITDA figures.
While facing challenges in the International segment and pricing pressures, the company maintains a focus on cost discipline and margin preservation.
Opportunities lie in segment-specific pricing strategies, EV initiatives, and technology utilization for enhanced efficiencies.

Avis Budget Group posts robust earnings, eyes sustained growth in 2024

Avis Budget Group delivered strong financial performance in Q4 2023 and full-year 2023, managing inflationary pressures and achieving robust pricing strategies.
The company's focus on operational efficiency, data utilization, and fleet management contributed to market share gains and sustained demand strength.
While challenges like managing fleet depreciation and operational costs exist, opportunities in capital allocation, EV fleet expansion, and tax optimization are on the horizon.
Overall, Avis Budget Group anticipates continued strong demand, elevated prices, and efficiency improvements in 2024, positioning the company for growth and resilience.

Avis Budget Group reports Q1 revenue over $2.5B, faces fleet challenges

Avis Budget Group's Q1 performance reflects challenges from fleet right-sizing and interest rate impacts but also strengths in strong demand, liquidity position, and technology initiatives. The company is poised for success with opportunities in improved margins, new digital platforms, and international business enhancements.

Avis Budget Group excels in Q3 earnings, eyes growth opportunities

Avis Budget Group's Q3 performance showcases strong revenue and EBITDA figures, with a focus on fleet discipline and high-margin business. While facing pricing challenges, the company is optimistic about future growth opportunities through operational efficiencies and enhanced customer experience.

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Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in the vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Avis Budget (CAR) delivered earnings and revenue surprises of 55.65% and 7.39%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Avis Budget Group (CAR) Q3 Earnings and Revenues Surpass Estimates

PARSIPPANY, N.J., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced its third quarter 2021 financial results.

Avis Budget Group Reports New Record Net Income and Adjusted EBITDA

Shares of Avis Budget Group Inc. rose more than 5% in after-hours trading Monday after the car-rental company's quarterly profit hit a record and sales topped $3 billion as high demand for rental cars in the summer months continued to push prices higher.

Earnings Results: Avis stock rallies after Q3 profit hits record, sales top $3 billion

Hertz has made a lot of headlines lately thanks to its deals with Tesla and Uber. Wall Street has noticed, too. But rival rental car company Avis Budget is doing even better.

Avis Budget stock is soaring thanks to the rental car boom

Earnings Preview: What To Expect From Avis Budget Group Today. Here is a closer look

Earnings Preview: What To Expect From Avis Budget Group Today

Avis Budget Group Inc. could crush third-quarter earnings expectations but the stock could still sell off, just like what happened last quarter, as the view “this is as good as it gets” for some on Wall Street seems “logical,” according to Deutsche Bank analyst Chris Woronka.

Earnings Outlook: Avis Budget's earnings report could be ‘as good as it gets,' and stock could still fall

Avis Budget's (CAR) third-quarter 2021 earnings and revenues are expected to have improved year over year.

Is a Beat in the Cards for Avis Budget (CAR) in Q3 Earnings?

Avis Budget (CAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Avis Budget (CAR) Ahead of Earnings?

Avis Budget (CAR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Avis Budget (CAR) Hits Fresh High: Is There Still Room to Run?

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

This 1 Business Services Stock Could Beat Earnings: Why It Should Be on Your Radar

Morgan Stanley

Shares of Avis Budget Group Inc. CAR, -2.52% dropped 2.5% in afternoon trading Thursday, after Morgan Stanley analyst Billy Kovanis recommended investors sell, saying it's too early for investors to be betting on the "mega-fleet bull case." The stock has now lost 4.8% since it closed at a record $153.39 on Tuesday, but has still more than doubled (up 103.6%) over the past three months and rocketed 291.6% year to date, while the S&P 500 SPX, +1.70% has advanced just 18.1% this year.

Avis stock falls after Morgan Stanley recommends selling, saying it's too early for the 'mega-fleet bull case'

Avis Budget Group Inc.'s (NASDAQ:CAR) stock has climbed more than 62 percent in the past month. Investors seem to be either assigning more value in the company's nearer-term earnings than its earnings in outer-years, or expecting higher normalized EBITDA, according to Morgan Stanley.

3 Reasons To Sell Avis Budget Group

Morgan Stanley analyst Billy Kovanis downgraded Avis Budget Group Inc. (NASDAQ:CAR) to Underweight from Equal Weight and raised the price target to $110 (implying a downside of 23%) from $85. Kovanis says the company faces "peak" cyclical earnings and has an unfavorable risk/reward at the current valuation.

Morgan Stanley Downgrades Avis Budget, Sees 23% Downside

Road between green-leafed trees (Josh Sorenson/Pexels).  Avis Pulls Away

In Case CAR Has Gone Too Far: Avis Was A Top Name Of Ours Last Month. Since Then, It's Up 60%.

Along with strong rental prices, the prospect of new-car shortages lasting into 2022 means high profitability could continue for rental companies.

Avis and Hertz Stocks Surge as Rental Prices Remain High

There is a global chip shortage and some of the largest beneficiaries are U.S. car rental companies like Avis Budget Group.

Avis Budget Group: The Good Times Are Unlikely To Last And I'm Bearish

Shares of Avis Budget Group Inc. CAR, +7.94% shot up 7.3% in morning trading Friday, putting them on track for an eighth record close in the past month, and enough to pace the Dow Jones Transportation Average's DJT, +0.74% gainers. The auto rental company's stock has been by far the best performer among the Dow transports components over the past three months (up 92.4%), year to date (up 263.8%) and for the past year (up 335.3%), while the Dow transports has gained 0.9%, 16.8% and 24.2% over the same periods, respectively, and the Dow Jones Industrial Average DJIA, +0.10% has gained 1.0%, 13.6% and 22.3%.

Avis Budget stock surges to another record, has nearly doubled over the past three months

Conference Call to Discuss Results Scheduled for November 2nd, 2021 Conference Call to Discuss Results Scheduled for November 2nd, 2021

Avis Budget Group to Announce Third Quarter 2021 Results on November 1st

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Avis Budget (CAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Avis Budget (CAR) a New Strong Buy Stock

Avis Budget (CAR) rides on its buyout strategy to expand its global footprint and brand presence. Expansion of connected cars fleet has helped streamline operations and reduce costs.

6 Reasons Why You Should Invest in Avis Budget (CAR) Stock Now

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Avis Budget Group's stock rose by 26% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 0.5% over the same period.

Avis Budget Group's Stock Up On Rental Demand, Will It Sustain?

Let's see if Avis Budget Group, Inc. (CAR) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is Avis Budget (CAR) Stock a Suitable Pick for Value Investors?

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News for Avis Budget Group Stock (CAR)