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Avis Budget whacked after Hertz guidance dud

Published 11/08/2016, 10:10 AM
Avis Budget whacked after Hertz guidance dud
  • There's no place for Avis Budget Group (CAR -14.6%) to hide after a devastating earnings report and guidance drop from rival Hertz.
  • Avis already disclosed its Q3 numbers so some traders think that there could be a bit of an overreaction with today's move.
  • Previously: Dizzying fall for Hertz Global after earnings (Nov. 8)
  • Previously: Avis Budget beats by $0.13, beats on revenue (Nov. 2)
  • Previously: Investors bid up Avis Budget despite soft guidance (Nov. 3)

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