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What Avis Budget Group (CAR) Said on Its Q3 Earnings Call
Source: marketbeat.com
Corporate EarningsCompany FundamentalsTravel & LeisureConsumer Demand & Retail
Avis Budget Group reported third-quarter adjusted EBITDA of $513 million, down 8% year over year and about $50 million below its prior expectations. The company attributed the shortfall to weaker August travel demand, which pressured rental volume, revenue mix and operating leverage.
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mildly negative
Sentiment Score
-0.35
Ticker Sentiment
CAR-0.75
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