JPMorgan Downgrades Avis Budget Group (CAR) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St slips as higher Treasury yields weigh on sentiment
- Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Avis 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