JPMorgan Downgrades Avis Budget Group (CAR) to Neutral
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Avis Budget Group Reports Record Third Quarter 2015 Results
November 2, 2015 4:15 PM ESTRevenue was $2.6 billion and grew 8% in constant currency.Adjusted EBITDA increased 3% to $431 million and grew 13% in constant currency.Adjusted diluted earnings per share increased 4%, to $1.98, and GAAP diluted earnings per share were $1.77.Company repurchased $161 million of outstanding shares in the quarter.Company narrows its full-year earnings estimates and continues to expect 2015 to be a record year.
PARSIPPANY, N.J., Nov. 02, 2015 (GLOBE NEWSWIRE) -- Â Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third... More
