Why Avis Budget Group Stock Continues to Fall Monday
Rental car company Avis Budget Group (NASDAQ: CAR) shocked Wall Street last week when it reported, on Thursday evening, a massive earnings beat -- $1.13 per share in profit where analysts had forecast barely $0.15 per share -- and a revenue beat as well.
Despite the good news, Avis stock suffered the next day, falling 8.3%. It's falling again on Monday, trading down by 7.3% as of 1:45 p.m. EST. But why?
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Source Fool.com
