In This Article:
Avis Budget Group (NASDAQ:CAR) Full Year 2024 Results
Key Financial Results
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Revenue: US$11.8b (down 1.8% from FY 2023).
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Net loss: US$1.82b (down by 212% from US$1.63b profit in FY 2023).
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US$51.30 loss per share (down from US$42.61 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avis Budget Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are down 5.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Avis Budget Group, and understanding this should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.