Why Avis Budget Stock Crashed Today
Avis Budget lost money in 2025. 2026 will probably be better than that -- but still not good enough for Wall Street.
Overview
Avis Budget (NASDAQ: CAR) stock got totaled for a 9% loss through 2:55 p.m. ET Wednesday after missing badly on earnings.
Analysts had forecast Avis would earn $2.07 per share on $3.1 billion in revenue in Q2. Actual revenue came in at just $3 billion, however, and earnings were only $0.98 per share -- less than half the expected profit.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.