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Avis Budget Group, Inc. (CAR)

- NASDAQ
  • Jul. 11, 2012, 7:01 AM
    Zipcar (ZIP) acquires Austrian firm Denzel Mobility CarSharing GmbH for an undisclosed amount as it makes another move into Europe. The strategy makes some sense at its surface with more Europeans seemingly predisposed to share rides than U.S. counterparts.
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  • Jun. 5, 2012, 2:54 PM
    Zipcar (ZIP +1.5%) stands to see some more direct competition as car rental giant Enterprise Holdings makes a move to offer an hourly car rental service after buying up a couple of small local brands. It's not a new story for Zipcar, as shares have already fallen off 31.2% YTD largely on fears of competition from new sources.
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  • Jun. 1, 2012, 12:58 PM
    Shares of Hertz Global (HTZ -7.5%) and Avis Budget (CAR -8.4%) both fall harder than Dollar Thrifty (DTG -2.2%) as the dance between the three car rental companies continues. The prevailing thought is that if Hertz doesn't snap up Dollar Thrifty fairly quickly, it risks Avis coming back in to bid. But tricky part for the company is that it has to divest assets, appease DTG shareholders, and deal with the FTC to get a buyout done.
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  • May. 23, 2012, 12:56 PM
    Car rental stocks show weakness with Avis Budget (CAR -5.3%), Dollar Thrifty (DTG -2.2%), and Hertz Global (HTZ -4.7%) giving back some gains piled up yesterday - fueled in part by a bullish sector call from Morgan Stanley analyst Adam Jones.
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  • May. 8, 2012, 3:51 PM
    Sen. Barbara Boxer files a bill that would require car rental companies such as Hertz Global (HTZ -1.8%), Dollar Thrifty (DTG -1.3%), and Avis Budget (CAR -0.8%) to pull recalled cars from their fleets. A group representing the industry opposes the proposed legislation, saying companies already adopt conservative standards and don't need to be more highly regulated.
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  • May. 7, 2012, 7:36 AM
    Avis Budget Group (CAR): Q1 EPS of $0.12 in-line. Revenue of $1.6B (+31.4% Y/Y). (PR)
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  • May. 7, 2012, 12:10 AM
    Notable earnings before Monday’s open: BSFT, CAR, CNK, CTSH, DISH, FTR, HFC, LPX, NOG, SYY, TSN
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  • May. 6, 2012, 5:30 PM
    Notable earnings before Monday’s open: BSFT, CAR, CNK, CTSH, DISH, FTR, HFC, LPX, NOG, SYY, TSN
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  • May. 1, 2012, 12:54 PM
    Zipcar (ZIP +0.5%) CEO Scott Griffith says the firm's car-sharing service already has 700K members as it sees plenty of room to expand by tapping into the 10M people who can walk to a Zipcar location in less than 10 minutes. He also notes that typical customers come from younger generations that seem to care more about the smartphone they use than the brand of car they drive.
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  • May. 1, 2012, 9:10 AM
    Premarket gainers: PLXT +65%. PFCB +30%. NUVA +18%. CAR +14%. CETV +15%. VECO +13%. HUN +10%. YGE +8%. LYG +7%. SHLD +7%. CAKE +6%. TSL +6%. HTZ +6%. WFR +4%. ANF +4%. STP +4%. AKAM +4%. ARNA +4%. FSLR +3%. JASO +3%. CLWR +3%. PWER +3%.
    Losers: COP -22%. PBY -21%. IDTI -12%. VPHM -11%. NG -7%. DPZ -7%. WMS -6%. EMR -5%. XRAY -4%. NMR -4%. NZGA -3%. URI -3%. AVP -3%. ACI -3%.
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  • May. 1, 2012, 8:41 AM
    Avis Budget Group (CAR) issues preliminary results for Q1, saying that it expects to report a narrower-than-forecast loss of $23M on revenue of $1.6B. The company sees full-year revenue falling between $7.3B-$7.6B and EPS of $2.35-$2.65 as fleet costs decrease on a per-unit basis. Shares +14.7% premarket.
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  • Apr. 25, 2012, 1:18 PM
    Zipcar (ZIP -8.9%) is making new post-IPO lows following its Q1 report. Weighing on investors is the company's guidance for Q2 revenue of $71M-$74M and net income of -$1M to $1M, which doesn't compared favorably with a consensus of $73.8M in revenue and $0.02 in EPS. In addition, Zipcar's Q1 revenue growth in its 4 "Established Markets" slightly exceeded total growth, which suggests newer markets may be underperforming.
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  • Apr. 25, 2012, 9:14 AM
    Zipcar (ZIP): Q1 EPS of -$0.08 beats by $0.03. Revenue of $59.1M (+20.4% Y/Y) in-line. (PR)
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  • Apr. 9, 2012, 11:27 AM
    Avis Budget Group Inc. (CAR -3.3%) dips after saying on Friday it was removing about 10K Ford Focus sedans from its rental fleet in the U.S., Canada and Puerto Rico amid a safety recall related to potential problems with windshield-wiper motors. The recall affects certain 2012 models manufactured at one Ford (F -2.6%) plant.
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  • Mar. 7, 2012, 5:40 PM
    Shares of rental car companies posted strong gains after MKM Partners pegs Dollar Thrifty (DTG +3%) as "best positioned" to benefit from strong residual values due to its high mix of owned-outright vehicles and of compact and midsize vehicles. But Avis (CAR +5.5%) and Hertz (HTZ +6%) also gain on MKM's belief that used-car prices will be supported by higher new-car prices.
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  • Feb. 22, 2012, 10:21 AM
    Car sharing firm Zipcar (ZIP -3.3%) says it's a lead investor in Wheelz - a college campus car sharing network that connects students who own cars with students who need to borrow them. The company expects to record a $1M loss in 2012 under the equity method of accounting tied to its stake in Wheel - a mark that was already figured into its previously released guidance.
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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.