Avis’ Earnings Were Terrible. The Stock Is Flying.

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

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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.