Hertz Global Holdings Inc.’s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.Hertz HTZ, -13.13% was last quoted at $7.61, its lowest level since it emerged from bankruptcy in 2021, according to Dow Jones Market Data. The stock has fallen for four of the past five days and is down 26% in the year to date. Last week, the car-rental company posted weaker-than-expected fourth-quarter earnings as it booked $245 million in ...

Avis Budget Group Inc. investors were having their worst day in four years on Tuesday, after the car-rental company said it sold a record number of vehicles during the fourth quarter in a bad market for used cars, due to vehicle oversupply and a spike in interest costs.Meanwhile, the company reported fourth-quarter profit that was well above expectations, despite a surprise decline in revenue.“Currently, there is a considerable amount of volatility in the used-car market,” said Chief Financial Officer Izzy ...

财务数据和关键指标变化 - 公司在2023年全年创下历史最高收入,达到120亿美元,并创下第二高的调整后EBITDA约25亿美元 [14][56] - 第四季度收入约28亿美元,调整后EBITDA3.11亿美元 [14] 各条业务线数据和关键指标变化 美洲业务 - 第四季度美洲业务收入22亿美元,调整后EBITDA3.09亿美元,利润率超过14% [27][30] - 美洲业务全年调整后EBITDA近22亿美元 [31] - 第四季度美洲业务租赁量同比增长6%,较2019年增长17% [20][21][22] - 美洲业务价格同比下降7%,但仍较2019年高出20%以上 [25][26] 国际业务 - 第四季度国际业务收入同比增长5% [37] - 国际业务第四季度RPD同比下降2%,但较2019年增长近20% [37] - 国际业务全年调整后EBITDA4亿美元,利润率15% [39] 各个市场数据和关键指标变化 - 第四季度欧洲业务租赁量同比增长3%,较2019年下降20%,较第三季度有所改善 [34][35] - 欧洲市场国际入境游客租赁量同比增长12% [36] 公司战略和发展方向及行业竞争 - 公司采取谨慎的EV车队策略,在基础设施建设和车型多样化方面做好准备 [47][48][49] - 公司持续投资于技术和数据分析,提升运营效率和客户体验 [50][51][52][53][54][55] - 公司将继续保持严格的车队管理,匹配供需,应对成本上升压力 [58][59][75] 管理层对经营环境和未来前景的评论 - 管理层认为需求环境强劲,预计2024年各季度收入将呈现正常季节性,价格将高于2019年,第三季度达到峰值 [57][73][74] - 管理层将继续保持谨慎的车队管理策略,及时调整车队规模以应对成本上升压力 [75] 问答环节重要的提问和回答 问题1 **John Healy 提问** 询问公司2024年第一季度折旧成本预期及其变动原因 [79][80] **Izzy Martins 回答** 公司预计2024年第一季度总公司折旧成本将达到每辆车325美元,主要是为了调整车队规模以匹配需求 [80][81][82] 问题2 **Adam Jonas 提问** 询问公司EV车队在维修和碰撞方面是否面临挑战 [91][92] **Joe Ferraro 回答** 公司在EV车队管理方面未出现异常的维修和碰撞问题,采取了谨慎的策略,包括建设充电基础设施、采购多品牌车型等 [92]

财务表现 - Avis Budget Group (CAR) 2023年第四季度营收为27.6亿美元，同比下降0.3% [1] - 每股收益为7.10美元，较去年同期的10.46美元有所下降 [1] - 公司营收低于Zacks Consensus Estimate 1.27%，每股收益高出62.84% [2] 车队成本和利用率 - 美洲地区每单位车队成本为272美元，高于分析师平均预估的249.6美元 [5] - 国际地区每单位车队成本为278美元，高于分析师平均预估的260.7美元 [6] - 全球每单位车队成本为274美元，高于分析师平均预估的252.6美元 [7] - 美洲地区车辆利用率为65%，低于分析师平均预估的68.9% [7] - 国际地区车辆利用率为65.7%，低于分析师平均预估的66% [7] 租赁数据 - 国际地区租赁天数为11,018天，高于分析师平均预估的10,701.28天 [7] - 美洲地区平均租赁车队为518,928辆，高于分析师平均预估的485,072辆 [7] - 全球汽车租赁总租赁天数为42,027天，高于分析师平均预估的41,253.55天 [8] - 国际地区平均租赁车队为182,337辆，低于分析师平均预估的186,664辆 [8] 地理营收 - 国际地区地理营收为5.97亿美元，高于分析师平均预估的6.34亿美元 [9] - 美洲地区地理营收为21.7亿美元，低于分析师平均预估的21.8亿美元 [10] 股票表现 - Avis Budget股票过去一个月回报率为+5.2%，目前Zacks排名为4（卖出），可能在短期内表现不佳 [11]

Avis Budget Group (CAR) came out with quarterly earnings of $7.10 per share, beating the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $10.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 62.84%. A quarter ago, it was expected that this car rental company would post earnings of $14.54 per share when it actually produced earnings of $16.78, delivering a surprise of 15.41%.Over the last four quarter ...

Avis Budget Group Inc (NASDAQ: CAR) is trading down in extended hours even though it reported better-than-expected financial results for its fiscal fourth quarter. Why is Avis Budget stock down in after-hours?Copy link to sectionThe stock is in the red perhaps because the company’s liquidity position inched down sequentially in Q4. Avis Budget ended the quarter with over $800 million in liquidity – down from some $1.0 billion three months ago. Still, Joe Ferraro – chief executive of the car rental firm sai ...

Perhaps it’s better for many of us that the Monday morning following Super Bowl Sunday — especially one that went to the last play of overtime — is not rife with consequential stock market data ahead of the opening bell. We’re down to our last couple busy weeks of Q4 earnings season, and have plenty of economic reports at the ready to help us move trading along this week. Currently, both the S&P 500 and Nasdaq are down -2 points, while the Dow is off -47 points.The biggest print of the week comes tomorrow m ...

In its upcoming report, Avis Budget Group (CAR) is predicted by Wall Street analysts to post quarterly earnings of $4.36 per share, reflecting a decline of 58.3% compared to the same period last year. Revenues are forecasted to be $2.8 billion, representing a year-over-year increase of 1%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 17.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections duri ...

The market expects Avis Budget Group (CAR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

Avis Budget Group (CAR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this car rental company have returned -2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Transportation - Services industry, to which Avis Budget belongs, has lost 8.8% over this period. Now the key question is: Where could the stock be headed in the near term?Alth ...