Avis Budget's Q1 loss misses estimates as fleet charges stay high, but revenues beat and utilization hit a first-quarter record in more than 15 years.
Bristol Myers Squibb faces a major patent cliff but is well-equipped with a robust pipeline and significant CAR-T optionality. BMY trades at a discounted 9.4x forward P/E, reflecting patent cliff fears, yet offers 15-20% base case upside plus a 4.3% dividend yield. The 2026 catalyst stack includes Milvexian, Iberdomide, Cobenfy, and Sotyktu, any of which could drive a rerating to 10x-11x forward P/E.
The rental car company says a hedge-fund firm behind the big swings owes it money because of a niche trading rule.
Avis Budget Group, Inc. (CAR) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for Avis Budget (CAR) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Shares of Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) are down roughly 12% in early Wednesday trading after the company released a disappointing Q1 2026 earnings report before market open (BMO).
Avis Budget Group (CAR) came out with a quarterly loss of $8.01 per share versus the Zacks Consensus Estimate of a loss of $6.83. This compares to a loss of $14.35 per share a year ago.
In my opinion, Legend Biotech Corporation is an attractive acquisition target for Johnson & Johnson. Carvykti, which they are jointly developing, is quickly catching up in sales with Darzalex, J&J's blockbuster for the treatment of multiple myeloma. So, sales of Carvykti reached $597 million in Q1, up 61.8% year-on-year, beating my 'best case' scenario by $15 million.
Tim Biggam turns to three stocks he believes have overextended moves in recent trading session. To the upside: Micron (MU), which has rallied over 40% in the last month.
Shares of Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) are cratering in Thursday trading, with the stock last changing hands near $290 after closing Wednesday at $443.94.
Cartesian Therapeutics receives a buy rating, driven by a differentiated mRNA CAR-T approach for autoimmune diseases and strong insider/institutional support. RNAC's lead asset, Descartes-08, demonstrated a 7.1-point MG-ADL reduction at 12 months in Phase 2b, surpassing current biologics in durability and efficacy. The ongoing Phase 3 AURORA trial, with FDA SPA agreement and 100 patients, is a pivotal binary catalyst; $126.9M cash runway extends into mid-2027.
Avis Budget's stock chart just sent some bearish signals to suggest a hard landing is in the works.