Avis Budget Group (CAR) Misses Q1 EPS by 21c, Sales Beat; Reaffirms Outlook
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MKM Partners Reiterates Buy as Avis Budget Group (CAR) Reiterates guidance
May 4, 2016 11:56 AM EDTMKM Partners reiterated a Buy rating and $38.00 price target on Avis Budget Group (NASDAQ: CAR) following the company's 1Q earnings report. CAR reiterated FY16 adjusted EBITDA/EPS guidance of $820mn-$900mn/$2.70-$3.30, both ahead of consensus of $842mn/$2.95 at the mid-point, respectively. FX headwinds to... More
