Avis Budget Group(CAR)

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Canadian Apartments: You Have To Step Up To Buy Here
Seeking Alpha· 2025-02-14 19:48
Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety, utilizing well-priced options to reduce investment volatility [1][3] - The Enhanced Equity Income Solutions Portfolio aims to generate yields of 7-9% while minimizing volatility [1] - The Canadian Apartments REIT (TSX: CAR.UN:CA) has faced challenges, but the investment strategy has helped mitigate some losses by aligning stock performance with company fundamentals [2] Group 2 - Trapping Value consists of a team of analysts with over 40 years of combined experience in generating options income and focusing on capital preservation [3] - The investment group operates two income-generating portfolios and a bond ladder, emphasizing lower volatility income investing and capital preservation [2][3]
Anixa Biosciences Chairman and CEO Discusses Pioneering CAR-T Cell Therapy and Breast Cancer Vaccine in Alpha Wolf Trading Interview
Prnewswire· 2025-02-14 12:00
Core Insights - Anixa Biosciences is focused on innovative cancer treatment and prevention, particularly through its CAR-T cell therapy for ovarian cancer and a breast cancer vaccine program [1][2][3] CAR-T Cell Therapy - Anixa's CAR-T cell therapy aims to utilize the immune system to target ovarian cancer cells, representing a significant advancement in treating solid tumors compared to traditional CAR-T therapies that have been effective in blood cancers [2] Breast Cancer Vaccine Program - The breast cancer vaccine program is currently in clinical trials and targets triple-negative breast cancer (TNBC), which is known for being aggressive and difficult to treat, potentially offering a breakthrough in breast cancer prevention [3] Business Model and Efficiency - Anixa's business model emphasizes capital efficiency and a low burn rate, achieved through strategic partnerships with leading research institutions, which reduces the need for extensive in-house R&D expenditures [4][5] - The partnership-driven approach allows the company to advance therapies while maximizing funding impact and accelerating the development of new cancer treatments [5] Company Overview - Anixa is a clinical-stage biotechnology company with a therapeutic portfolio that includes an ovarian cancer immunotherapy program developed in collaboration with Moffitt Cancer Center, utilizing chimeric endocrine receptor-T cell (CER-T) technology [6] - The vaccine portfolio includes collaborations with Cleveland Clinic to develop vaccines for breast and ovarian cancer, as well as other cancers, focusing on immunizing against specific proteins expressed in certain cancers [6]
Avis Budget Stock Price Decreases 7% Since Reporting Loss in Q4
ZACKS· 2025-02-13 18:21
Core Viewpoint - Avis Budget Group, Inc. (CAR) experienced a 6.8% decline in stock price following disappointing fourth-quarter 2024 earnings and revenue results [1] Financial Performance - CAR reported a loss of 23 cents per share, which was better than the Zacks Consensus Estimate of a loss of 96 cents, but significantly lower than the EPS of $7.1 from the same quarter last year [2] - Total revenues for the quarter were $2.7 billion, slightly missing consensus estimates and reflecting a 2% year-over-year decline [2] - The company's shares have decreased by 21.6% over the past three months, contrasting with a 5.9% decline in the industry and a 2.4% growth in the Zacks S&P 500 composite [3] Segment Performance - Revenues from the Americas segment were $2.1 billion, down 2% year-over-year, meeting estimates [4] - International revenues totaled $593 million, a 1% decline year-over-year, falling short of the projected $633 million [4] Profitability Metrics - Adjusted EBITDA was negative $101 million, a significant drop from $311 million in the previous year [5] - The Americas segment reported adjusted EBITDA of negative $63 million compared to $309 million in the year-ago quarter, while international adjusted EBITDA was negative $11 million, down from $28 million [5] Balance Sheet & Cash Flow - At the end of the fourth quarter, CAR had cash and cash equivalents of $534 million, down from $602 million at the end of the third quarter [6] - Corporate debt decreased to $5.4 billion from $6 billion in the previous quarter [6] - The company generated $772 million in net cash from operating activities, with adjusted free cash flow of $554 million and capital expenditures of $71 million [6]
Avis Budget Group(CAR) - 2024 Q4 - Earnings Call Presentation
2025-02-12 18:30
Avis Budget Group Reports Fourth Quarter and Full Year Results February 11, 2025 PARSIPPANY, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the fourth quarter and full year ended December 31, 2024 today. We ended 2024 with fourth quarter revenues of $2.7 billion, driven by strong leisure holiday travel. Net loss was nearly $2 billion, and Adjusted EBITDA1 was a loss of $101 million. Full year revenues were $11.8 billion, driven by sustained year ...
Avis Budget Group(CAR) - 2024 Q4 - Earnings Call Transcript
2025-02-12 18:30
Avis Budget Group, Inc. (NASDAQ:CAR) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants David Calabria - SVP, Corporate Finance and Treasurer Joseph Ferraro - President and CEO Izilda Martins - EVP and CFO Brian Choi - Executive VP and Chief Transformation Officer Conference Call Participants John Babcock - Bank of America Christopher Stathoulopoulos - Susquehanna Financial Harold Antor - Jefferies Jash Patwa - J.P. Morgan Chase Dan Levy - Barclays Bank Chris Woronka - Deutsc ...
Avis Budget (CAR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-02-12 00:01
Avis Budget Group (CAR) reported $2.71 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 2%. EPS of -$0.23 for the same period compares to $7.10 a year ago.The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $2.73 billion. With the consensus EPS estimate being -$0.96, the EPS surprise was +76.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
Avis Budget Group (CAR) Reports Q4 Loss, Misses Revenue Estimates
ZACKS· 2025-02-11 23:36
Avis Budget Group (CAR) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to earnings of $7.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 76.04%. A quarter ago, it was expected that this car rental company would post earnings of $8.55 per share when it actually produced earnings of $6.65, delivering a surprise of -22.22%.Over the last four quarters, the ...
Avis Budget Group(CAR) - 2024 Q4 - Annual Results
2025-02-11 21:03
Avis Budget Group Reports Fourth Quarter and Full Year Results PARSIPPANY, N.J., February 11, 2025 - Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the fourth quarter and full year ended December 31, 2024 today. We ended 2024 with fourth quarter revenues of $2.7 billion, driven by strong leisure holiday travel. Net loss was nearly $2 billion, and Adjusted EBITDA was a loss of $101 million. Full year revenues were $11.8 billion, driven by sustained year-over-year demand. Net loss was $ ...
Avis Budget Group Reports Fourth Quarter and Full Year Results
GlobeNewswire· 2025-02-11 21:02
PARSIPPANY, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the fourth quarter and full year ended December 31, 2024 today. We ended 2024 with fourth quarter revenues of $2.7 billion, driven by strong leisure holiday travel. Net loss was nearly $2 billion, and Adjusted EBITDA1 was a loss of $101 million. Full year revenues were $11.8 billion, driven by sustained year-over-year demand. Net loss was $1.8 billion, and Adjusted EBITDA was $628 millio ...
CARsgen's First Enrolled Subject in the THANK-u Plus™ Platform-Based Allogeneic CAR-T Trial Achieves sCR at Week 4
Prnewswire· 2025-02-10 00:29
SHANGHAI, Feb. 9, 2025 /PRNewswire/ -- CARsgen Therapeutics Holdings Limited (Stock Code: 2171.HK), a company focused on innovative CAR T-cell therapies for the treatment of hematologic malignancies and solid tumors, announces that the first subject treated with an allogeneic BCMA CAR-T therapy developed on the THANK-u Plus™ platform, has achieved stringent complete response (sCR) and minimal residual disease (MRD) negativity at the Day-28 assessment.The patient, diagnosed with relapsed/refractory multiple ...