Stock Track | Avis Budget Plummets 17.53% Intraday on Disappointing Q4 Results and EV Fleet Impairment Charges

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Avis Budget Group's stock plummeted 17.53% during Thursday's intraday trading session, following a significant decline in pre-market activity.

The sharp drop comes after the car rental company reported fourth-quarter financial results that missed analyst expectations. Revenue for the quarter came in below estimates, and the company reported a substantial net loss.

A key factor contributing to the poor results was a significant impairment charge tied to the company's U.S. electric-vehicle rental fleet. This non-cash charge reflects a strategic shift in the company's fleet strategy, which shortened the useful life of certain EV rental cars.

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Revenue for the quarter came in below estimates, and the company reported a substantial net loss.</p><p>A key factor contributing to the poor results was a significant impairment charge tied to the company's U.S. electric-vehicle rental fleet. This non-cash charge reflects a strategic shift in the company's fleet strategy, which shortened the useful life of certain EV rental cars.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAR","symbol_name":"安飞士","start_time":0,"source_url":"","article_id":"1137331138","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137331138","pubTimestamp":1771512136,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Avis Budget Group's stock plummeted 17.53% during Thursday's intraday trading session, following a significant decline in pre-market activity.The sharp drop comes after the car rental company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAR":"安飞士"},"translate_title":"个股追踪|Avis Budget盘中暴跌17.53%，受令人失望的Q4业绩和EV车队减值费用影响","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":1},"content_text":"Avis Budget Group's stock plummeted 17.53% during Thursday's intraday trading session, following a significant decline in pre-market activity.The sharp drop comes after the car rental company reported fourth-quarter financial results that missed analyst expectations. 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