Avis Budget Group Reports Fourth Quarter and Full Year Results

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Go back to Avis Budget Group Reports Fourth Quarter and Full Year Results

Avis Budget Group (CAR) PT Lowered to $240 at JPMorgan, 'Lower Pricing and Higher Depreciation Amidst Near-term Over-fleeting'

February 14, 2024 4:37 AM EST

JPMorgan analyst Ryan Brinkman lowered the price target on Avis Budget Group (NASDAQ: CAR) to $240.00 (from $280.00) while maintaining a Overweight rating.

The analyst comments "We are trimming our estimates and price target for CAR shares after the company reported modestly softer than expected 4Q results Monday after the close that we earlier expected to spark only a modestly negative reaction (after all, 4Q EBITDA of $311 mn tracked just -$20 mn less than Bloomberg consensus for $331 mn see our February 13 note, Avis Budget Group: Expect Slightly Negative Reaction to Slightly Softer 4Q EBITDA Driven... More

Avis Budget Group (CAR) Tops Q4 EPS by $2.95. Revenue Misses

February 12, 2024 4:05 PM EST

Avis Budget Group (NASDAQ: CAR) reported Q4 EPS of $7.10, $2.95 better than the analyst estimate of $4.15. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.81 billion.

For earnings history and earnings-related data on Avis Budget Group (CAR) click here.

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