Avis Budget Group (NASDAQ:CAR - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($5.49) per share and revenue of $2.49 billion for the quarter.
Avis Budget Group (NASDAQ:CAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.27. Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%. On average, analysts expect Avis Budget Group to post $9 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Avis Budget Group Trading Down 3.0 %
Shares of NASDAQ CAR opened at $91.76 on Wednesday. The stock has a fifty day simple moving average of $73.49 and a two-hundred day simple moving average of $84.74. Avis Budget Group has a 1-year low of $54.03 and a 1-year high of $132.25. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -1.77 and a beta of 2.05.
Insider Buying and Selling
In related news, Director Lynn Krominga sold 1,405 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the transaction, the director now directly owns 1,950 shares in the company, valued at approximately $185,250. This represents a 41.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 52.80% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, StockNews.com downgraded Avis Budget Group from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Avis Budget Group has an average rating of "Hold" and a consensus target price of $121.33.
View Our Latest Research Report on CAR
About Avis Budget Group
(
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Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.
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