Avis Budget Beats Adjusted EBITDA Estimates Boosting Aftermarket Activity

3 months ago

"Yeah, speaking of stocks flying uh in the aftermarket, I want to go back to Avis because that stock is up about 9% here uh in the aftermarket. So investors liking some of what we got from the company. Uh specifically third quarter adjusted IBIDA really surpassing Wall Street estimates. We're looking at $559 million up 11% year-over-year. Estimate was for 538.7 million."

Avis Budget Group exceeded Wall Street estimates for third quarter adjusted EBITDA, resulting in a 9% aftermarket increase and positive investor sentiment.