Avis Budget Group(CAR)

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Waymo taps Avis to manage robotaxi fleet in Dallas
TechCrunch· 2025-07-28 23:42
Group 1 - Waymo plans to launch a robotaxi service in Dallas next year, expanding its commercial operations which already include Los Angeles and San Francisco [1][6] - The company is partnering with Avis Budget Group to manage its fleet of all-electric autonomous Jaguar I-Pace vehicles, with Avis handling depot operations such as charging and maintenance [1][2] - Waymo has previously partnered with companies like Uber and Moove, but this marks the first collaboration with a rental car company, indicating a potential for future expansions to other cities [2] Group 2 - Waymo has conducted preliminary testing in Dallas, including mapping the city and testing autonomous vehicles on public roads with a human safety operator [3] - The fleet is expected to scale to hundreds of vehicles over time, although specific launch dates and initial fleet size have not been disclosed [4] - Waymo currently operates commercially in five cities and plans to launch services in Washington, D.C., and Miami next year [6]
Canadian Apartment REIT: More Upside After A Pause
Seeking Alpha· 2025-07-24 17:34
Group 1 - The Conservative Income Portfolio aims to target value stocks with high margins of safety while reducing volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value offers Covered Calls and focuses on capital preservation through lower volatility income investing [2][3] Group 2 - The team at Trapping Value has over 40 years of combined experience in generating options income and capital preservation [3] - The investing group includes two income-generating portfolios and a bond ladder, emphasizing high income potential and undervaluation [2][3]
Avis Budget Group to Announce Second Quarter 2025 Results on July 29th
Globenewswire· 2025-07-22 20:02
Group 1 - Avis Budget Group, Inc. plans to report its second quarter 2025 results after market close on July 29, 2025 [1] - A conference call for institutional investors to discuss the results is scheduled for July 30, 2025, at 8:30 a.m. Eastern time [1] - Investors can access the call via the company's investor relations website or by dialing a designated phone number [2] Group 2 - Avis Budget Group is a leading global provider of mobility solutions, operating under the Avis and Budget brands with approximately 10,250 rental locations in around 180 countries [3] - The company also operates Zipcar, the world's leading car sharing network [3] - Avis Budget Group primarily operates its car rental offices directly in North America, Europe, and Australasia, while using licensees in other regions [3]
Autolus Therapeutics' CAR T Therapy AUCATZYL® (Obecabtagene Autoleucel) Granted European Marketing Authorization for Adult Patients (age 26 and older) with Relapsed or Refractory B-Cell Precursor Acute Lymphoblastic Leukemia (R/R B-ALL)
GlobeNewswire News Room· 2025-07-21 11:00
LONDON and GAITHERSBURG, Md., July 21, 2025 (GLOBE NEWSWIRE) -- Autolus Therapeutics plc (Nasdaq: AUTL), an early commercial-stage biopharmaceutical company developing, manufacturing and delivering next-generation programmed T cell therapies and candidates, announces today that the European Commission (EC) has granted marketing authorization for AUCATZYL® (obecabtagene autoleucel or "obe- cel") for the treatment of adult patients, 26+, with relapsed or refractory B-cell precursor acute lymphoblastic leukemi ...
Anixa Biosciences: Oncology Platform With Asymmetric Upside
Seeking Alpha· 2025-07-15 19:49
Company Overview - Anixa Biosciences, Inc. (NASDAQ: ANIX) focuses on developing immunotherapies for cancer through two main platforms: a CAR-T program aimed at solid tumors and a vaccine technology that generates tumor-specific antigens [1]. Partnerships - Anixa has established partnerships with the Moffitt Cancer Center, which may enhance its research and development capabilities in the field of cancer immunotherapy [1].
Meme stocks back with a bang as investors pile into these 2 names
Finbold· 2025-07-08 17:09
Group 1: Meme-Stock Trend - The meme-stock phenomenon is resurging in 2025, with investors focusing on unprofitable companies for investment opportunities [1] - Among the Russell 3000 stocks, 10 out of 14 that have tripled since the market bottom on April 8 are unprofitable [1] - By late June, the 858 money-losing stocks in the index gained an average of 36%, outperforming profitable stocks [1] Group 2: Avis Budget Group - Avis Budget Group has seen a significant stock increase of 161% since April, driven by operational improvements and tariff-driven demand shifts [2][6] - In Q1, Avis reported a 4.7% year-over-year revenue decline to $2.43 billion but exceeded EBITDA expectations with a smaller loss of $93 million [6] - Q2 adjusted EBITDA is projected to exceed $200 million, supported by a focus on higher-margin rentals and better vehicle utilization [6] Group 3: Carvana - Carvana's stock has surged 108% since April, with Q1 revenue increasing by 38% to $4.2 billion and retail sales up 46% to nearly 134,000 vehicles [2][10] - The company achieved a net income of $373 million and a record adjusted EBITDA of $488 million in Q1, while operating with lower inventory and reduced costs [10] - Carvana's stock was up 73% for 2025, trading at $346, benefiting from the proposed 25% tariff on imported cars, which is expected to boost used-car demand [11]
Kuehn Law Encourages Investors of Avis Budget Group, Inc. to Contact Law Firm
GlobeNewswire News Room· 2025-07-02 14:20
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Avis Budget Group, Inc. related to misrepresentation and undisclosed information affecting shareholders [1][2]. Group 1: Allegations Against Avis Budget Group - Insiders at Avis Budget allegedly misrepresented or failed to disclose a plan to significantly accelerate fleet rotation in Q4 2024 [2]. - The acceleration of fleet rotation reportedly shortened the useful life of most vehicles in the Americas segment, leading to a reduction in their recoverable value [2]. - As a consequence, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [2]. - The aforementioned actions are likely to have a significant negative impact on the company's financial results, overstating its financial and business prospects [2]. - Public statements made by Avis Budget were materially false and misleading during the relevant times [2].
AVIS ALERT: Bragar Eagel & Squire, P.C. is Investigating Avis Budget Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-27 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Avis Budget Group, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1][2]. Summary by Relevant Sections Lawsuit Allegations - The lawsuit claims that Avis Budget made materially false and misleading statements and failed to disclose adverse information regarding its business and operations [2]. - Specific allegations include: - Avis Budget implemented a plan to significantly accelerate fleet rotation in Q4 2024 [2]. - This acceleration shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [2]. - As a result, Avis Budget would need to recognize billions of dollars in impairment charges and incur substantial losses [2]. - The aforementioned actions had a significant negative impact on the company's financial results [2]. - Consequently, Avis Budget's financial and business prospects were overstated [2]. Contact Information - Long-term stockholders of Avis who have information or questions regarding the claims can contact Bragar Eagel & Squire, P.C. via email or phone [3][6].
Buy Uber or Avis Stock for Higher Highs?
ZACKS· 2025-06-24 23:11
Group 1: Market Performance - Uber and Avis stocks have recently surged, with Uber increasing by +7% and Avis by +17% amid broader market rallies [1] - Both companies are trading near their 52-week highs, attracting investor attention for potential further upside [1] Group 2: Company Developments - Uber is expanding its fully autonomous robotaxi services to more U.S. cities, including Atlanta, Phoenix, and Austin, through its partnership with Waymo [2] - Avis is enhancing its vehicle fleet with electric models from Kia and Renault, which is expected to improve operational performance and lower maintenance costs [3] Group 3: Financial Outlook - Uber's total sales are projected to grow by 15% in fiscal 2025, nearing $60 billion, although EPS is expected to contract to $2.90 in FY25 before rebounding to $3.53 in FY26 [4] - Avis's sales are expected to slightly decline to $11.71 billion in FY25 but are projected to rise to $11.95 billion in FY26, with EPS forecasted to dip to $2.69 before soaring over 400% to $13.84 in FY26 [5] Group 4: Valuation Metrics - Uber's stock is trading at a forward P/E ratio of 29.4X, which is not considered stretched compared to the S&P 500 [7] - Avis's forward earnings multiple is at 54.7X, which appears stretched, but the expected EPS growth in FY26 may justify this premium [7]
Shareholders that lost money on Avis Budget Group, Inc. (CAR) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-06-24 20:11
Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 13, 2024, and February 10, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Avis Budget accelerated its fleet rotation plan in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, leading to reduced recoverable value [2] - As a result of the accelerated fleet rotation, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [2] - The financial and business prospects of Avis Budget were allegedly overstated, and the public statements made by the defendants were materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]