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CAR - What the Heck Just Happened to Avis Budget Shares?
Avis Budget Group Inc.
After a heady rally in the first half of 2021, Avis Budget Group (NASDAQ: CAR) stock suffered one of its worst declines so far this year on Wednesday, finishing the session down 16.6%.
Although the car rental company delivered impressive second-quarter numbers, an analyst's views on the stock post-earnings seems to have gotten investors wary about the upside potential left in it.
Avis Budget reported its best quarter in history on the evening of Aug. 3. Here are some notable numbers from its earnings report (all changes year over year):