Earnings Results: Avis Budget stock jumps 7% as car-rental company swings to quarterly profiton 03/05/2022 at 12:31 am

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Shares of Avis Budget Group Inc. jumped 7% in after-hours trading Monday after the rental-car company reported better-than-expected first-quarter earnings, saying it saw “significantly increasing demand” toward the end of the quarter despite an uptick in COVID-19 cases.

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