Avis Budget Group Reports New Record Net Income and Adjusted EBITDA
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Avis Budget Group (CAR): JPM Double Downgrades to Underweight After Gaining Over 100% Yesterday, DB Analyst Says Sell the Stock as it Doesn't Trade on Fundamentals; Up 900%+ YTD
November 3, 2021 6:39 AM EDTShares of Avis Budget Car (NASDAQ: CAR) are down over 6% in pre-open Wednesday after gaining 108.3% yesterday.
On Monday, the car rental company reported Q3 EPS of $10.74 to crush the analyst estimate of $6.52. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.71 billion.
Avis stock skyrocketed to over 200% at one moment yesterday, prompting several halts on volatility. Shares closed at $357.17 at the end of the day.
The short squeeze prompted JPMorgan analyst Ryan Brinkman to deliver a two-notch downgrade to... More
JPMorgan Double Downgrades Avis Budget Group (CAR) to Underweight
November 3, 2021 5:42 AM EDTJPMorgan analyst Ryan Brinkman downgraded Avis Budget Group (NASDAQ: CAR) from Overweight to Underweight with a price target of $225.00 (from $100.00).
The analyst comments "As one of the leading players in the global rental car industry, we believe Avis is well positioned to leverage growth in the industry and represents an... More
Avis Budget Group (CAR) Halted Again, Up 212%
November 2, 2021 10:59 AM EDTAvis Budget Group (NASDAQ: CAR) Halted Again, Up 212%
... MoreAvis Budget Group (CAR) Halted Again for Volatility, Now Up 186%
November 2, 2021 10:53 AM EDTAvis Budget Group (NASDAQ: CAR) Halted Again for Volatility, Now Up 186%
Avis Budget Group (CAR) Halted Again on LUDP, Now Up 84%
November 2, 2021 10:10 AM EDTAvis Budget Group (NASDAQ: CAR) Halted Again on LUDP, Now Up 84%
Avis Budget Group (CAR) Tops Q3 EPS by $4.22
November 1, 2021 4:12 PM EDTAvis Budget Group (NASDAQ: CAR) reported Q3 EPS of $10.74, $4.22 better than the analyst estimate of $6.52. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.71 billion.
For earnings history and earnings-related data on Avis Budget Group (CAR) click here.
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