Earnings Miss Hits Avis Stock, While Verra Mobility Soars on Seven-Year Avis Deal
Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.
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Avis Budget Group Settles $650 Million Lawsuit with Pentwater
Avis Budget Group has reached a $650 million settlement with Pentwater Capital to resolve its short-swing profits lawsuit. The agreement is subject to court approval.
Verra Mobility Slashes 2026 Guidance After Surprise Avis Budget Contract Termination
Verra Mobility will lose Avis contract in 2026, cutting revenue and profit outlook; stock fell sharply after the news.
Avis Budget Stock Plunges After Worse-Than-Expected Q1 2026 Loss
Avis Budget Group shares plunged after a worse-than-expected Q1 2026 loss of $8.01 per share versus estimates, while revenue rose slightly.
JPMorgan Slams Avis Short Squeeze: Is a Massive Share Offering Coming?
JPMorgan cut Avis rating; stock fell 38% after a short squeeze. Valuation seen too high, possible share sale may cool rally.
Avis Hits All-Time Highs as Short Sellers Face Pain
Avis stock surged massively due to a short squeeze, with heavy buying forcing shorts to cover, pushing prices to record highs fast.