Avis Budget reports mixed Q4 results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/10/2026
- Wall Street ends down as expectations of Hormuz deal fade
- JPMorgan lifts S&P 500 target to 8,000 on strong earnings
- Nvidia and Wall Street giants plan $500B AI funding deal, FT reports
- Jefferies cuts Apple rating as higher-priced iPhone roadmap looks difficult
- Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
- After-Hours Stock Movers: PLTR, SNAP, ON, ICHR, WGS, WHR
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 ESTJPMorgan 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
