CAR - Avis Budget Group soars after saying it will add more electric cars to fleet

Avis Budget Group (NASDAQ:CAR) skyrockets 82% and traded as high as $315.37 on red-hot investor interest following the Q3 earnings report. Sparking the huge rally, Avis said on its earnings conference that the company will be adding more electric cars to its fleet over time. That probably has investors guessing that a partnership announcement could arrive down the road. Meanwhile, Hertz Global (OTCPK:HTZZ) has reversed a premarket drop and is 6.88% higher. Avis Budget Group (CAR) was part of the Tesla-Hertz-Uber discussion over the weekend on Seeking Alpha.

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Avis Budget Group soars after saying it will add more electric cars to fleet