Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

Published on 8 May 2024 on Zacks via Yahoo Finance

Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

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 $3.2 per share compared with the Zacks Consensus Estimate of a loss of $3.15 and year-ago earnings of $7.72. Total revenues of $2.6 billion beat the consensus estimate by a slight margin but decreased marginally year over year.

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Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

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