Market Overview

Recap: Avis Budget Gr Q2 Earnings

Share:

Shares of Avis Budget Gr (NASDAQ:CAR) rose 9.13% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 808.86% year over year to ($5.60), which beat the estimate of ($5.84).

Revenue of $760,000,000 decreased by 67.48% year over year, which beat the estimate of $719,440,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Avis Budget Gr hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $52.98

52-week low: $6.35

Price action over last quarter: Up 101.73%

Company Profile

Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

 

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Posted-In: Earnings