Avis Budget Stock Price Decreases 7% Since Reporting Loss in Q4
Avis Budget Group, Inc.’s CAR stock has declined 6.8% since reporting fourth-quarter 2024 results. This fall can be attributed to dismal earnings and revenue performances.
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CAR reported a loss of 23 cents per share, narrower than the Zacks Consensus Estimate for a loss of 96 cents. Notably, it had reported earnings per share (EPS) of $7.1 in the year-ago quarter. Total revenues of $2.7 billion missed the consensus estimate by a slight margin and declined 2% year over year.
CAR shares have lost 21.6% in the past three months compared with a 5.9% decline in the industry and against 2.4% growth of the Zacks S&P 500 composite.
Avis Budget Group, Inc….
