Avis Budget Group (CAR) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Avis Budget Group (CAR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.71. The company posted revenue of $2243.00 million in the period, compared to analysts expectations of $2214.71 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Avis Budget Group (CAR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $36.56 and reached the intraday high at $36.925. The bulls started the profit booking and pushed the shares to intraday low of $36.22. The trading session was marked by a volume range of 18,03,872 shares exchanging hands. The 52-week high of the shares is $53.04 and the 52-week low is $21.7299. The market cap of the company stands at $3,474 M and there are 9,45,83,375 shares in public circulation.

In a different news, on May 18, 2016, Mark J Servodidio (President, International) purchased 1,900 shares at $26.26 per share price. According to the SEC, on May 9, 2016, John D. Jr. Hardy (director) sold 1,108 shares at $26.25 per share price. On Mar 1, 2016, W Alun Cathcart (director) purchased 20,000 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands which include Avis Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless a car rental brand and Apex which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada as well as ancillary products and services. International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products in Europe the Middle East Africa Asia South America Central America the Caribbean Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

Avis Budget Group

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