JPMorgan Downgrades Avis Budget Group (CAR) to Neutral
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Avis Budget Group (CAR) Misses Q3 EPS by 4c; Narrows Outlook
November 2, 2015 4:18 PM ESTAvis Budget Group (NASDAQ: CAR) reported Q3 EPS of $1.98, $0.04 worse than the analyst estimate of $2.02. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.6 billion.
Avis Budget Group sees FY2015 EPS of $3.10-$3.25, versus the consensus of $3.36.
Outlook
The Company today narrowed its full-year 2015 expectations. The Company now expects:
Full-year 2015 revenue will increase approximately 1% compared to 2014. In the Companys Americas segment, rental days... More