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Avis Stock Soared 264% in a Month. What Could Be Driving the Shares Higher.
Shares in Avis Budget Group have been on a tear lately—and the car rental company’s returns appear to have little to do with earnings, the oil-price shock, or recent airport staffing concerns. Avis stock, which trades under the ticker CAR, was down 7.6% on Tuesday. The triple-digit gains are a surprise, considering the fourth-quarter earnings Avis announced on Feb. 19.
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