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Avis Budget Group, Inc. (CAR)

- NASDAQ
  • Feb. 13, 2013, 5:30 PM
    Notable earnings before Thursday’s open: ABB, ABX, ALXN, ANR, APA, BGCP, BWA, CAB, CRIS, CVE, DISCA, DTV, DVA, DWRE, ECA, GELG, GM, GNC, GNRC, INCY, JAH, LNT, LUFK, MFA, NGLS, NRF, O, OAK, PDS, PEP, PPL, REGN, SHPG, STRA, TAP, UTHR, VMC, WM, ZIP
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  • Feb. 13, 2013, 5:03 PM
    Avis Budget (CAR): Q4 EPS of -$0.07 in-line. Revenue of $1.7B (+4% Y/Y) beats by $0.07B. Shares -3.1% AH. (PR)
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  • Feb. 13, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AEM, AMAT, ANGI, CAR, CJES, CLD, CSCO, CTL, CXW, ENOC, EOG, EQIX, IO, IPI, ITRI, KGC, MDLZ, MET, NPSP, NTAP, NVDA, OII, PSE, PXD, ROVI, SKX, SMSI, TAL, TNGO, TRGT, TRIP, VCLK, WFM, WRE, WTW, Z
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  • Feb. 12, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AEM, AMAT, ANGI, CAR, CJES, CLD, CSCO, CTL, CXW, ENOC, EOG, EQIX, IO, IPI, ITRI, KGC, MDLZ, MET, NPSP, NTAP, NVDA, OII, PSE, PXD, ROVI, SKX, SMSI, TAL, TNGO, TRGT, TRIP, VCLK, WFM, WRE, WTW, Z
    | 2 Comments
  • Feb. 12, 2013, 8:27 AM
    Avis Budget (CAR) says its deal to purchase Zipcar (ZIP) received clearance from U.S. regulators. With that hurdle out of the way, the companies expect the merger to be finalized in either March or April.
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  • Jan. 28, 2013, 12:43 PM
    A quick scan of the latest short interest reports reveals short interest in Avis Budget Car (CAR +0.9%) jumped 43% higher during the first half of January after the company announced it will acquire Zipcar. At 15.54M shares, short interest reps 14.5% of all outstanding shares of Avis Budget.
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  • Jan. 14, 2013, 7:41 AM
    A strong majority of anti-trust experts expect U.S. regulators to approve the deal for Avis Budget (CAR) to acquire Zipcar (ZIP). Though the loss of a promising upstart disrupts the landscape, it won't be a competitive issue for the market.
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  • Jan. 2, 2013, 12:45 PM
    Midday top 10 gainers: ZIP +48%. BIOF +28%. STXS +25%. GIGA +21%. FORD +19%. IQNT +20%. EGLE +18%. OTT +18%. GEVO +17%. APAGF +17%.
    Midday top 10 Losers: ABT -51%. SKUL -14%. DOLE -13%. TRIT -12%. ATAI -12%. HMNY -9%. CHRM -9%. NTLS -9%. VSCI -8%. MR -8%.
    | 2 Comments
  • Jan. 2, 2013, 9:46 AM
    Shares of Avis Budget (CAR +4%) show strength after the company picks up Zipcar for a hefty premium. Almost loss in the buzz over the deal is the news that the car rental company is backing its 2012 profit guidance.
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  • Jan. 2, 2013, 9:10 AM
    Premarket gainers: ZIP +47.94%. POL +18.71%. SGYP +16.92%. MCP +9%. JRCC +8.41%. PAL +7.69%. KWK +7.69%. ZGNX +7.52%. PPHM +6.82%. ONTY +6.77%.
    Losers: ABT -50%.
    | 6 Comments
  • Jan. 2, 2013, 7:04 AM
    More on Avis Budget's (CAR) purchase of Zipcar (ZIP): Scott Griffith will remain the CEO of Zipcar following the merger. The deal is expected to produce $50M to $70M a year in annual synergies and be accretive to earnings in the second year following the closing.
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  • Jan. 2, 2013, 6:46 AM
    Avis Budget (CAR) buys Zipcar (ZIP) for $12.25 a share, a 49% premium over yesterday's closing price. The deal is expected to close in the spring of 2013 and will value the ride-sharing company at close to $500M.
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  • Nov. 21, 2012, 9:45 AM
    The sell-side is showing some love for ZipCar (ZIP +4.9%) this week. A day after shares jumped on a Goldman upgrade, they're doing the same thanks to an Avondale upgrade to Market Perform. Zipcar is now up 31% since delivering a Q3 beat and respectable guidance on Nov. 8.
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  • Nov. 20, 2012, 10:52 AM
    Shares of Zipcar (ZIP +9.4%) pop with an upgrade from Goldman Sachs to Buy from Neutral on the books. The firm cites the growing reach of Zipcar across the U.S. and now into Canada, Spain, and the U.K. The buzz from college campuses of late is Zipcar is the option that resonates with students despite efforts by Hertz and Avis to cut in.
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  • Nov. 9, 2012, 12:45 PM
    Midday top 10 gainers: HWG +66%. KIPS +41%. KYAK +27%. ZIP +25%. SQNM +22%. UBNT +19%. DGIT +17%. SQI +16%. CYTX +16%. ISIS +15%. Midday top 10 Losers: GRPN -27%. DTSI -26%. SCLN -24%. IDN -23%. RNDY -21%. III -17%. ADEP -17%. OSG -17%. STRA -16%. PTIX -15%.
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  • Nov. 9, 2012, 9:10 AM
    Premarket gainers: ZIP +27%. KYAK +26%. LGF +9%. ENR +8%. PSTI +8%. IGT +7%. WCRX +6%. ISIS +5%.
    Losers: GRPN -23%. MTG -15%. ARRY -12%. PGRX -12%. SPRD -10%. JCP -8%. PVR -6%. CPIX -5%. DIS -5%.
    | 1 Comment
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Company Description
Avis Budget Group Inc provides car and truck rentals and ancillary services to businesses and consumers inNorth America, Europe, Australia, New Zealand and certain other regions.