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Avis Budget Group, Inc. (CAR)

- NASDAQ
  • 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
  • Nov. 8, 2012, 6:44 PM
    Zipcar (ZIP) +24.8% AH after beating Q3 estimates. Expectations were low going in - shares closed near their post-IPO low today - and the company has a heavy short interest. Total members rose 5% Q/Q and 18% Y/Y to 767K, while usage revenue/vehicle held steady at $65. Q4 revenue guidance of $67M-$71M is in-line with a $69.3M consensus. Q4 adjusted EBITDA is expected to total $4.5M-$7.5M, compared with $6.5M in Q3. (PR)
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  • Nov. 8, 2012, 4:08 PM
    Zipcar (ZIP): Q3 EPS of $0.10. Revenue of $78.2M (+15% Y/Y) beats by $2.5M. (PR)
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  • Nov. 8, 2012, 12:10 AM
    Notable earnings after Thursday’s close: AFFY, AGO, CBOU, CUBE, DAR, DGIT, DIS, DLB, DNN, EGLE, EVEP, GRPN, HALO, HOGS, IGT, IO, JAZZ, JWN, LGF, MCHP, MDRX, MKL, NVDA, PSA, RNDY, SD, SPRD, SQNM, UBNT, WPRT, WR, ZGNX, ZIP
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  • Nov. 7, 2012, 5:35 PM
    Notable earnings after Thursday’s close: AFFY, AGO, CBOU, CUBE, DAR, DGIT, DIS, DLB, DNN, EGLE, EVEP, GRPN, HALO, HOGS, IGT, IO, JAZZ, JWN, LGF, MCHP, MDRX, MKL, NVDA, PSA, RNDY, SD, SPRD, SQNM, UBNT, WPRT, WR, ZGNX, ZIP
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  • Nov. 1, 2012, 5:36 PM
    More on Avis Budget Group (CAR): Q3 misses on a per share basis, but net profit soared as the car-rental company posted a $128M income-tax benefit and racked up higher sales from its acquisition of Avis Europe. The company trimmed its full year forecast however, due to softness in Europe travel demand. It now expectes earnings of $2.35 to $2.45 per share on sales of about $7.3B.
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  • Nov. 1, 2012, 5:05 PM
    Avis Budget Group (CAR): Q3 EPS of $1.46 misses by $0.07. Revenue of $2.2B (+33.7% Y/Y) in-line. (PR)
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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.