Q1 Earnings Highs And Lows: Avis Budget Group (NASDAQ:CAR) Vs The Rest Of The Ground Transportation Stocks
Universal Logistics reported Q1 revenue of $367.6M, down 3.9% YoY and 1.3% below analysts’ expectations, with a significant miss on adjusted operating income estimates; the stock trades at $14.20, down 36.6% since results. XPO reported $2.10B revenue (+7.3% YoY), beating expectations by 3% and adjusted operating income; shares at $202.74, down 6.4%. Old Dominion reported $1.33B revenue (-2.9% YoY) beating by 1.2% and adjusted operating income; shares at $210.51, down 5.1%.