The Latest Breaking News from Avis Budget Group

Avis Budget Group (NASDAQ:CAR) shares are trading lower after BofA Securities analyst Federico Merendi downgraded the stock from Buy to Underperform and cut its price target from $120 to $113.

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Wednesday.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.33%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.28%. U.S. stock index futures this morning are moderately lower. Negative carry-over from a decline in Chinese stocks is weighing on U.S. stock index futures on...

Severe volatility in the U.S. stock markets since the beginning of this year has been showing no sign of abatement. U.S. stocks have corrected significantly so far in 2022 after a fabulous rally in the last two pandemic-ridden years.

Although the Dow Jones jumped by more than 500 points on Thursday, there were a few notable insider trades.

Pulled from Benzinga Pro data, Avis Budget Group (NASDAQ:CAR) posted Q1 earnings of $527.00 million, an increase from Q4 of 38.32%. Sales dropped to $2.43 billion, a 5.33% decrease between quarters.

Avis Budget Group Inc (NASDAQ: CAR) shares are trading higher Tuesday after the company reported strong financial results. 

Avis Budget Group Inc (NASDAQ: CAR) shares are trading higher in Monday's after-hours session after the company reported strong financial results. 

Avis Budget Group (NASDAQ:CAR) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to know before the announcement. Analysts estimate that Avis Budget Group will report an earnings per share (EPS) of $3.45.