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Why Avis Budget Stock Crashed Today

TheMotleyFool

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Why Avis Budget Stock Crashed Today: https://g.foolcdn.com/editorial/images/881164/3-cars-crashed-in-an-intersection.jpg

Avis Budget (NASDAQ: CAR) stock got totaled for a 9% loss through 2:55 p.m. ET Wednesday after missing badly on earnings.

Analysts had forecast Avis would earn $2.07 per share on $3.1 billion in revenue in Q2. Actual revenue came in at just $3 billion, however, and earnings were only $0.98 per share -- less than half the expected profit.

Image source: Getty Images.

Source Fool.com

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