Avis Budget Group Removes over $1 Billion in Expenses in Second Quarter to Mitigate Impacts of COVID-19

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Go back to Avis Budget Group Removes over $1 Billion in Expenses in Second Quarter to Mitigate Impacts of COVID-19

Avis Budget Group (CAR) Tops Q2 EPS by 24c, Offers Outlook

July 28, 2020 4:49 PM EDT

Avis Budget Group (NASDAQ: CAR) reported Q2 EPS of ($5.60), $0.24 better than the analyst estimate of ($5.84). Revenue for the quarter came in at $760 million versus the consensus estimate of $719.44 million.

Outlook:

Revenues in the second quarter showed sequential improvement, down 78%... More