Avis Budget Group Inc. surges to 188th in daily rankings with $444 million turnover

Avis Budget Group, Inc. (CAR) on March 27, 2025, saw a significant surge in trading volume, with a total turnover of $444 million, marking a 437.95% increase from the previous day. This substantial rise in trading volume placed Avis at the 188th position in the daily stock market rankings. The company's stock price increased by 20.49%, marking the second consecutive day of gains, with a total increase of 24.68% over the past two days.

Avis Budget Group, Inc. (CAR) has experienced a 7% decrease in stock price since reporting a loss in the fourth quarter. This decline follows the company's earnings report, which highlighted key metrics that fell short of expectations. The earnings report, released on February 13, 2025, provided insights into the company's financial performance and its impact on the stock market.

In the automotive sector, used car retailers such as Hertz and Avis Budget have seen a surge in stock prices, anticipating higher used car prices due to tariffs. This trend reflects the broader economic impact of tariffs on the automotive industry, with used car retailers benefiting from increased demand and higher prices for used vehicles.