Avis Budget rallies after record-setting quarter, peer Hertz gains as well

Oct. 31, 2022 4:12 PM ETAvis Budget Group, Inc. (CAR)HTZBy: Clark Schultz, SA News Editor3 Comments

Avis Acquires Zipcar For $500 Million

John Moore

Avis Budget Group (NASDAQ:CAR) moved higher in after-hours trading on Monday after smashing EPS expectations with its Q3 earnings report.

Revenue was up 18% compared to a year ago to $3.5B to set a new quarterly record. Net income of $1.0B

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