CAR News and Press, Avis Budget Group Inc. From 02/13/23

PARSIPPANY, N.J., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced financial results for fourth quarter and full year ended December 31, 2022. We ended 2022 with fourth quarter revenues 8% above prior year and 28% above fourth quarter 2019, at $2...

Avis Budget ( NASDAQ: CAR ) is scheduled to announce Q4 earnings results on Monday, February 13th, after market close. The consensus EPS Estimate is $6.99 (-1.3% Y/Y) and the consensus Revenue Estimate is $2.66B (+2.3% Y/Y). Over the last 2 years, CAR has beaten EPS estimate...

ZIPCAR EXPANDS ON-STREET LOCATIONS IN NEW YORK CITY AFTER SUCCESSFUL PILOT WITH THE NEW YORK CITY DEPARTMENT OF TRANSPORTATION PR Newswire 2022 Zipcar North American Transportation Survey Reveals NYC-Members' Quality of Life Improves with Affordable Access to Shared Vehicles ...

Summary Heavily shorted stocks are gaining momentum at the start of the year. Easing inflationary pressures and signs the economy remains resilient can be bullish for stocks in 2023. The article includes a list of the most heavily shorted stocks along with 5 of our picks to buy now....

PARSIPPANY, N.J., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2022 results after the market close on Monday, February 13 th , 2023, and to host a conference call for institutional investors to discuss t...

Summary Avis Budget Group saw a surge in travel after the worst of the pandemic was over, but the future is still uncertain. ROE and EPS have been boosted in the short term by debt levels and share count reduction. There isn't enough potential upside to justify the fundamental risk,...

Summary The car rental sector seems very attractive long term (3 to 4 years). Avis offers generally strong fundamentals and a low PE ratio. Short-term risk factors don't necessarily change the long-term bull case. With strong fundamentals, a sound financial base and a posi...

In a regulatory filing , Avis Budget ( NASDAQ: CAR ) entered into a fourth amended and restated cooperation pact with SRS Investment Management, LLC and certain of its affiliates, regarding the membership and composition of the company's board and related matters, following approval t...

Carvana (NYSE: CVNA) shares fell over 40% during trading Wednesday after the car retailer’s biggest creditors, Apollo Global Management and PIMCO, finalized a deal tying them together to execute negotiations with the company. The move comes after potential restructuring effor...

Major stock market indexes rose in October, but not everyone shared in the wealth. The CBOE Volatility Index was elevated, and some stocks suffered sharp losses following bad earnings reports. These five stocks were some of the biggest movers last month, and they illustrate important tr...