Why Avis Budget Group Stock Just Crashed
Car rental company Avis Budget Group (NASDAQ: CAR) stock tumbled 21% through 10:40 a.m. ET Thursday after missing badly on its Q4 earnings report last night.
Heading into the report, analysts already weren't optimistic, expecting Avis to lose $0.19 per share on sales of $2.7 billion -- but the actual news was much worse. Avis reported a loss per share of $21.25, and on sales of less than $2.7 billion.
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Source Fool.com
