Avis Budget Group Inc. CAR sees 46.37% trading volume drop to 2.38 billion despite 25.52% stock surge in three days

Avis Budget Group, Inc. (CAR) closed at $2.38 billion in trading volume on March 28, 2025, marking a 46.37% decrease from the previous day. The company's stock price has been on an upward trend, rising 0.67% and marking its third consecutive day of gains, with a total increase of 25.52% over the past three days.

Avis Budget Group, Inc. (CAR) has been in the spotlight recently due to several key developments. The company announced that it has entered into a definitive agreement to acquire Zipcar, a leading car-sharing service provider. This acquisition is expected to strengthen Avis's position in the car-sharing market and provide additional revenue streams.

Additionally, Avis has been focusing on expanding its fleet of electric vehicles (EVs) to meet the growing demand for sustainable transportation options. The company has announced plans to invest in charging infrastructure and increase the number of EVs in its fleet, which is expected to attract environmentally conscious customers and drive long-term growth.

Furthermore, Avis has been implementing cost-cutting measures to improve its financial performance. The company has announced plans to streamline its operations and reduce expenses, which is expected to result in improved profitability and shareholder value.