Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1
Avis Budget Group(CAR) Zacks Investment Research·2024-05-09 02:41
Avis Budget Group, Inc. (CAR) reported mixed first-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. The stock has gained 28.3% since its earnings release on May 1 despite the earnings miss. CAR’s adjusted loss was 3.15 and year-ago earnings of 2.6 billion beat the consensus estimate by a slight margin but decreased marginally year over year. Avis Budget’s sh ...