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CAR - Avis Budget EPS beats by $4.06 beats on revenue
Avis Budget Group Inc.
Avis Budget (NASDAQ:CAR): Q3 Non-GAAP EPS of $10.74 beats by $4.06; GAAP EPS of $10.45 beats by $3.92. Revenue of $3B (+96.1% Y/Y) beats by $220M. Shares +2.8%. Press Release Our revenues were driven by increased revenue per day and rental days as demand continued from the second quarter. Utilization for the quarter was 71.6%, showing sequential quarter improvement and that our fleet was well positioned to meet demand.