Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Avis Budget Stock Crashed Today

TheMotleyFool

0 0

Well, that was kind of a disaster!

Yesterday after close of trading, car rental company Avis Budget Group (NASDAQ: CAR) reported a blowout quarter in which sales of $3.2 billion grew 37% year over year, beating analyst projections, and earnings blew the roof off, coming in at $15.94 per share while Wall Street had only expected $11.48.

Avis Budget shares immediately jumped 6% in after-hours trading. But the sun set, the sun rose again, and moved on into the afternoon; instead of building on its gains, Avis stock has given them all back and is in fact down 4.9% as of 2:50 p.m. ET.

Source Fool.com

Like: 0

CAR

Share