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 ...

The most recent trading session ended with Avis Budget Group (CAR) standing at $167.95, reflecting a -1.04% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.The car rental company's stock has dropped by 6.89% in the past month, falling short of the Transportation sector's loss of 2.99% and the S&P 500's gain of 2.08%.The upcoming earnings release of Avis Budget G ...

Avis Budget Group (CAR) closed the most recent trading day at $159.44, moving +0.07% from the previous trading session. This change outpaced the S&P 500's 0.56% loss on the day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 0.59%.The car rental company's shares have seen a decrease of 15.58% over the last month, not keeping up with the Transportation sector's loss of 3.94% and the S&P 500's gain of 1.2%.Analysts and investors alike will be keeping a close eye on the performance of ...

PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, February 13th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior ...

PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, February 13th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior ...

Avis Budget Group (CAR) closed the most recent trading day at $175.65, moving -0.91% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.57% for the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, lost 1.64%.Coming into today, shares of the car rental company had lost 8.34% in the past month. In that same time, the Transportation sector gained 4.57%, while the S&P 500 gained 4%.The investment community will be closely monitoring the ...