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.
This article is brought to you courtesy of MarketWatch.