Published on 18 Jan 2022 on Zacks via Yahoo Finance
Avis Budget Group (CAR) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Avis Budget Group (CAR) closed at $195.31, marking a +1.77% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 4.81%.
Prior to today's trading, shares of the car rental company had lost 9.8% over the past month. This has was narrower than the Business Services sector's loss of 16.15% and lagged the S&P 500's gain of 0.64% in that time.
Avis Budget Group will be looking to display strength as it nears its next earnings release. On that day, Avis Budget Group is projected to report earnings of $5.87 per share, which would represent year-over-year growth of 1730.56%. Meanwhile, our latest consensus estimate is calling for revenue of $2.46 billion, up 81.92% from the prior-year quarter.