CAR, SATS and SVC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 8, 2022.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Yesterday after close of trading, car rental company Avis Budget Group (NASDAQ: CAR) reported a blowout quarter in which sales of $3.2 billion grew 37% year over year, beating analyst projections, and earnings blew the roof off, coming in at $15.94 per share while Wall Street had only expected $11.48. Avis Budget shares immediately jumped 6% in after-hours trading. Coming out of the pandemic, you'd want to see things getting at least a bit better for Avis this year, but the company's actual results were even more than investors had hoped for.