Tag: Rental & Leasing Services

Avis stock sank in the Wednesday premarket as both revenue and earnings per share for the second quarter came in well below analyst estimates. The company blamed shifting booking trends and weaker demand in its largest market for the shortfall.

Shares of Avis Budget Group fell sharply Wednesday after the car-rental company reported deeper losses than expected in the first quarter and continued to deal with the aftermath of its bizarre short squeeze.