NEW YORK, Feb. 26, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: Avis Budget Group (NASDAQ:CAR) Please contact [email protected].  **Please contact only if you acquired Avis shares before August 24, 2023. On or about February 22, 2024, Morgan Stanley cut its price target for Avis Budget Group (NASDAQ:CAR) from $230 to $190 or approximately 20%. The cut follows the release of the company's fourth-quarter result ...

DoraDalton/iStock via Getty Images Summary Our initial report rated Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA / CDPYF) a Hold. While we liked its portfolio and Canadian multifamily as an asset class, we didn't see an attractive margin of safety. This report gives an overview of CAPREIT's Q4 2023 results and our revised target price. Despite continued strong financial performance, we continue to believe the units do not offer an attractive return profile at this time. We also ...

Avis Budget Group (CAR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this car rental company have returned -42.3% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Transportation - Services industry, to which Avis Budget belongs, has lost 2.3% over this period. Now the key question is: Where could the stock be headed in the near term?While medi ...

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the "Issuer"), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the "Notes"), which represents a €200 million increase from the previously announced size of the offering. The Notes will have a maturity date of February 28, 2029. The closing of the offering of the Notes is expecte ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Avis Budget Group (CAR) operates as a leading vehicle rental operator in North America, Europe and Australasia. The Zacks Consensus Estimate for its current year earnings has been revised 17.5% downward over the last 60 days.ChampionX (CHX) provides chemistry solutions and engineered equipment and technologies to companies drill for and produce oil and gas. The Zacks Consensus Estimate for its current year earnings has been revised al ...

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the "Issuer"), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (the "Notes") in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. The Company intends to us ...

Avis Budget Group, Inc. (CAR)  reported mixed fourth-quarter 2023 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.Adjusted earnings of $7.1 per share beat the consensus estimate by 62.8% but plunged 32.1% year over year. Total revenues of $2.76 billion missed the consensus estimate by 1.3% and decreased slightly from the year-ago reported figure.Investors seem to be unimpressed by the earnings beat as shares of CAR declined 6.7% from the date of earning release ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-10308 AVIS BUDGET GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 06-0918165 (State or other jurisdiction of incorporat ...

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 ...