Is Avis Budget Group a Buy After Its Latest Earnings Report?
Avis delivered some key cost improvements but faced macro headwinds in the second quarter.
Overview
With the exception of a brief pop during a meme-stock craze, Avis Budget Group (Nasdaq: CAR) has had a relatively quiet year.
The company faces a challenging competitive landscape as ridesharing continues to proliferate, and autonomous vehicles like Waymo threaten to render traditional car rentals obsolete, creating an overhang in the industry.
Details
In its second quarter, revenue fell 1% to $3 billion, short of estimates of $3.11 billion.
Source
Originally published at www.fool.com.
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