Avis’ Earnings Were Terrible. The Stock Is Flying.

Avis’ Earnings Were Terrible. The Stock Is Flying.·Barrons.com

Shares of Avis Budget Group were trading sharply higher as investors shrugged off disappointing quarterly results. Near midday Friday, the stock was up 19% to $98.55, a positive move in a rough year for the car-rental company. Through Thursday’s close, shares were down 53% this year, according to Dow Jones Market Data.

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