Avis Budget Group, Inc. (CAR - Free Report) caters to a wide range of mobility needs and is growing its addressable market through organic growth and strategic acquisitions. It offers customers a variety of options through distinct brands that focus on different market segments. However, even with a strong product range, the company is tolled with seasonality in the business.
Avis Budget reported impressive first-quarter 2023 results wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings of $7.72 per share beat the consensus mark but plunged 22.7% year over year. Total revenues of $2.56 billion surpassed the consensus estimate by 2.2% and improved 5.1% year over year. The top line was backed by strong demand and pricing.
Current Situation of CAR
Avis Budget caters to different market segments and complements other brands in respective regional markets. Avis targets corporate and upscale leisure travelers, Budget caters to value-conscious travelers and Zipcar offers an alternative to car ownership. The company’s continued efforts to enhance technology and improve offerings to simplify online interaction and make the platform user-friendly are adding to its organic growth.
Acquisitions have helped enhance the global presence of Avis Budget and improve its range of offerings. The acquisition of multiple licenses and entering into new partnerships over the years are helping the company increase its global footprint.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Avis Budget Group, Inc. (CAR - Free Report) caters to a wide range of mobility needs and is growing its addressable market through organic growth and strategic acquisitions. It offers customers a variety of options through distinct brands that focus on different market segments. However, even with a strong product range, the company is tolled with seasonality in the business.
Avis Budget reported impressive first-quarter 2023 results wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. Adjusted earnings of $7.72 per share beat the consensus mark but plunged 22.7% year over year. Total revenues of $2.56 billion surpassed the consensus estimate by 2.2% and improved 5.1% year over year. The top line was backed by strong demand and pricing.
Current Situation of CAR
Avis Budget caters to different market segments and complements other brands in respective regional markets. Avis targets corporate and upscale leisure travelers, Budget caters to value-conscious travelers and Zipcar offers an alternative to car ownership. The company’s continued efforts to enhance technology and improve offerings to simplify online interaction and make the platform user-friendly are adding to its organic growth.
Acquisitions have helped enhance the global presence of Avis Budget and improve its range of offerings. The acquisition of multiple licenses and entering into new partnerships over the years are helping the company increase its global footprint.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Get the latest research report on CAR - FREE
Get the latest research report on GDOT - FREE
Get the latest research report on ROL - FREE
Get the latest research report on MMS - FREE