Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

Avis Budget Group, Inc. (CAR) reported mixed first-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same.The stock has gained 28.3% since its earnings release on May 1 despite the earnings miss.CAR’s adjusted loss was $3.2 per share compared with the Zacks Consensus Estimate of a loss of$3.15 and year-ago earnings of $7.72. Total revenues of$2.6 billion beat the consensus estimate by a slight margin but decreased marginally year over year.Avis Budget’s share ...