Avis Budget stock jumps 12% as car-rental company swings to quarterly profit
May 02, 2022 at 16:29 PM EDT
Shares of Avis Budget Group Inc. skyrocketed more than 12% in after-hours trading Monday after the rental-car company reported better-than-expected first-quarter earnings, saying it saw "significantly increasing demand" toward the end of the quarter despite an uptick in COVID-19 cases.
