Here's why the Hertz and Avis Budget stocks are tumbling
CARAvis Budget Group(CAR) Invezz·2024-04-26 01:00

Avis Budget Group (NASDAQ: CAR) and Hertz (NYSE: HTZ) stock prices tumbled on Thursday as investors focused on the latter’s financial results. Hertz crashed by over 17%, bringing the year-to-date losses to over 54%. It has retreated by over 65% in the past 12 months.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Avis, on the other hand, has fallen by 45% this year and by 38% in the past 12 months amid rising concerns about the car rental industry. In ...