|Bid||1.3600 x 21500|
|Ask||1.4000 x 45900|
|Day's range||1.3400 - 1.4700|
|52-week range||0.4000 - 20.8500|
|Beta (5Y monthly)||1.56|
|PE ratio (TTM)||N/A|
|Earnings date||04 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.50|
It doesn't matter how long you've been an investor -- nothing could have prepared you for this year's roller-coaster ride that was precipitated by the coronavirus disease 2019 (COVID-19) pandemic. It's given investors the opportunity to buy into game-changing and innovative businesses at a perceived discount. Unfortunately, periods of volatile trading tend to bring short-term-focused and/or novice investors out of the woodwork -- and online investing app Robinhood is giving these retail investors a platform.
One question facing many investors during the COVID-19 pandemic: Will Avis (NASDAQ: CAR) follow rival Hertz (NYSE: HTZ) into bankruptcy? After all, it's easy to imagine that Avis's business would also be struggling mightily with transportation and travel statistics plunging. The truth is a bit of a mixed bag, and Avis's second quarter does show how abysmal business has been, but it also shows why Avis isn't likely to follow its rival into bankruptcy protection anytime soon.
Shares of Avis Budget Group (NASDAQ: CAR), a vehicle rental company, jumped more than 11% higher early Wednesday, despite dismal operating results during COVID-19, as the company's actions to reduce its fleet size and costs could set the stage for positive adjusted EBITDA for the remainder of 2020. Avis' second quarter is really a mixed bag that contains equal parts dismal and impressive results.