Avis Budget Tanks on CFO Comments
September 30, 2014 at 15:03 PM EDT
Shares of Avis Budget (CAR) have tanked this afternoon after the rental car company said that hitting the higher end of its 2014 EBITDA target of $860 million to $910 million would be challenging. Benzinga notes that Avis Budget’s CFO also said that fleet costs would be higher than it had predicted, while business in [...]