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Avis Schedules 2020 Financial Call

The company will host a conference call for institutional investors to discuss these results on Feb. 17 at 8:30 a.m. Eastern time.

Analysts Are Bullish on Avis

Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.

Avis Q1 Revenues Drop 9%

Avis anticipates revenues about 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter.

Avis Receives Loan

The rental agency will be filing the appropriate forms with the Securities and Exchange Commission.