Avis Budget Group (CAR) Sinks Following Q3 'Miss' and Lower Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall St set to snap three-day streak of losses despite Middle East clashes
- Oil rises, as US-Iran strikes risk limiting already impaired supplies
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Crude Inventory Fell 4.5M Barrels Last Week - EIA
- Google escapes ad tech breakup in third Big Tech antitrust loss for US
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