Avis Budget Group Up Nearly 3% On Strong Earnings (CAR)

Shares of Avis Budget Group Inc. CAR are up nearly 3% today, after the company reported much better than expected earnings. The company earned 11 cents per share on revenues of $1.24 billion, versus Wall Street estimates of a 5 cent loss on $1.21 billion in revenues. At last check, shares of Avis were up 53 cents to $18.59, a gain of 2.9%. Avis Budget Group, Inc. provides car and truck rentals, and ancillary services to businesses and consumers in the United States and internationally.