Shares of Avis Budget Group (CAR) jump by more than 16%

NASDAQ: CAR | Avis Budget Group, Inc. News, Ratings, and Charts

CAR – The car-rental company late Wednesday reported fourth-quarter profit that was well above Wall Street expectations.

Avis Budget Group Inc. CAR, +17.00% shares rose more than 15% on Thursday, on pace for their biggest close in more than four months and the largest one-day percentage increase since May 2012. The car-rental company late Wednesday reported fourth-quarter profit that was well above Wall Street expectations, setting the stage for Thursday’s run. The stock is up 50% in the past 12 months, which compares with gains around 1.5% for the S&P 500 index. SPX, -0.17%


Avis Budget Group Inc. shares were trading at $34.46 per share on Thursday afternoon, up $5.05 (+17.17%). Year-to-date, CAR has gained 53.29%, versus a 11.23% rise in the benchmark S&P 500 index during the same period.

CAR currently has a StockNews.com POWR Rating of D (Sell), and is ranked #15 of 15 stocks in the Auto Dealers & Rentals category.


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