NasdaqGS:CARTransportation
Why Avis Budget Group (CAR) Is Down 9.0% After Mixed Q1 Results And Trading Scrutiny – And What's Next
In late April 2026, Avis Budget Group reported first-quarter revenue of US$2,530 million, up from US$2,430 million a year earlier, while reducing its net loss to US$283 million and basic loss per share to US$8.01 from US$14.35.
Management highlighted record 70% vehicle utilization, stronger pricing in the Americas, and over US$570 million of adjusted free cash flow improvement, even as the company faced scrutiny over unusual trading activity, a short squeeze, and large shareholder sales...