PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Wednesday reported a loss of $283 million in its first quarter.
The Parsippany, New Jersey-based company said it had a loss of $8.01 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $6.83 per share.
The car rental company posted revenue of $2.53 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.44 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAR at https://www.zacks.com/ap/CAR
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
