Avis Budget Group, Inc. ($CAR) Earnings (Q3 FY22)
Avis Budget Group, Inc. ($CAR) Earnings and Opinion: Avis is a company in the Industrials sector and operates in the Rental & Leasing Services industry. The company provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. Avis was founded in 1946 and is currently headquartered in Parsippany, New Jersey. The company made its debut on the stock market in 1997. Avis Financial Results: Revenue of $3.55B beating expectations of $3.54B Adj EBITDA of $1.46B beating expectations of $1.07B SG&A Expenses of $384M missing expectations of $408.77M Adj Diluted EPS of $21.70 beating expectations of $14.72 Opinion: Avis is currently rising in the after-hours market. The company reported its earnings after the market closed this afternoon. The profitability led the charge in a solid quarter. Avis is thanking the demand in travel remaining strong even with consumers dealing with high inflation. The company is looking to carry this...