Avis Budget Group (NASDAQ: CAR) and Hertz (NYSE: HTZ) stock prices tumbled on Thursday as investors focused on the latter’s financial results. Hertz crashed by over 17%, bringing the year-to-date losses to over 54%. It has retreated by over 65% in the past 12 months.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Avis, on the other hand, has fallen by 45% this year and by 38% in the past 12 months amid rising concerns about the car rental industry. In ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Avis Budget Group, with a consensus expectation of a quarterly loss of $2.83 per share, reflecting a -136.7% change from the previous year [2][5]. Financial Performance Expectations - Revenues for the upcoming quarter are projected to be $2.53 billion, which is a 1% decrease compared to the same quarter last year [2]. - The consensus EPS estimate has been revised down by 1.46% over the last 30 days, indicating a bearish sentiment among analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that Avis Budget has a negative Earnings ESP of -15.18%, suggesting analysts have become more pessimistic about the company's earnings prospects [5][6]. - The stock currently holds a Zacks Rank of 4, which further complicates the prediction of an earnings beat [5][6]. Historical Performance - In the last reported quarter, Avis Budget exceeded expectations by posting earnings of $7.10 per share against an expected $4.36, resulting in a surprise of +62.84% [7]. - The company has beaten consensus EPS estimates in the last four quarters, indicating a potential for positive surprises in the past [7]. Conclusion - Despite the historical ability to beat estimates, the current indicators suggest that Avis Budget may not be a strong candidate for an earnings beat in the upcoming report [8]. Investors should consider other factors beyond earnings expectations when evaluating this stock [8].

PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 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 to the c ...

PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 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 to the ...

Expiration Week Countdown subscribers just quadrupled their money in less than five days with our Avis Budget Group Inc (NASDAQ:CAR) April 115 put recommendation, which they received on Sunday, April 14. Let's take a look how this trade played out to these bears' advantage.At the time of our recommendation, shares of the car rental giant were rejected at the 38% Fibonacci retracement of its February downside move, which coincided with the 50-day moving average. Additionally, the security was seeing a breakd ...

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 +7.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Transportation - Services industry, to which Avis Budget belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?Althoug ...

In the latest market close, Avis Budget Group (CAR) reached $121.11, with a -0.93% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.11%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.23%.The car rental company's shares have seen an increase of 16.05% over the last month, surpassing the Transportation sector's gain of 0.6% and the S&P 500's gain of 1.5%.Market participants will be closely following the financial results of Avis Budg ...

Avis Budget Group (CAR) closed the most recent trading day at $113.47, moving -1.54% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.14%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw an increase of 0.17%.Heading into today, shares of the car rental company had gained 15.19% over the past month, outpacing the Transportation sector's gain of 2.91% and the S&P 500's gain of 5.34% in that time.Investors will be eagerly ...

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.Over the past month, shares of this car rental company have returned +15.3%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Transportation - Services industry, which Avis Budget falls in, has lost 0.3%. The key question now is: What could be the stock's future direction ...

Avis Budget Group (CAR) closed the most recent trading day at $108.12, moving +0.39% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.63%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.82%.Prior to today's trading, shares of the car rental company had lost 4.05% over the past month. This has lagged the Transportation sector's gain of 0.44% and the S&P 500's gain of 1.76% in that time.Market participants will be closely following the fi ...