Avis Budget Group Reports Record Third Quarter 2015 Results
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JPMorgan Downgrades Avis Budget Group (CAR) to Neutral
November 4, 2015 6:59 AM ESTJPMorgan downgraded Avis Budget Group (NASDAQ: CAR) from Overweight to Neutral with a price target of $49.00 (from $55.00).
For an analyst ratings summary and ratings history on Avis Budget Group click here. For more ratings news on Avis Budget Group click here.
Shares of Avis Budget Group closed at $46.35 yesterday.
... MoreAvis Budget Group (CAR) Sinks Following Q3 'Miss' and Lower Outlook
November 2, 2015 4:57 PM ESTShares of Avis Budget Group (NASDAQ: CAR) are tumbling 8% after-hours Monday following a third quarter "miss" and lower outlook for the year.
Third quarter revenue grew 8% in constant currency to a record $2.6 billion. However, that was just in-line with the analyst consensus. Ex-the... More
Hertz Global (HTZ) Falls Following 'Miss' and Weak Outlook from Rival Avis
November 2, 2015 4:45 PM ESTA 'miss' and weak outlook from rival Avis Budget (NYSE: CAR) is impacting shares of Hertz Global (NYSE: HTZ) after-hours Monday. Shares of HTZ last traded down 4.3%, while CAR is down 8%.
... MoreAvis Budget Group (CAR) Misses Q3 EPS by 4c; Narrows Outlook
November 2, 2015 4:18 PM ESTAvis Budget Group (NASDAQ: CAR) reported Q3 EPS of $1.98, $0.04 worse than the analyst estimate of $2.02. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.6 billion.
Avis Budget Group sees FY2015 EPS of $3.10-$3.25, versus the consensus of $3.36.
Outlook
The Company today narrowed its full-year 2015 expectations. The Company now expects:
Full-year 2015 revenue will increase approximately 1% compared to 2014. In the Companys Americas segment, rental days... More