Why Avis Budget Stock Soared 17% After Earnings

Avis Budget didn't grow earnings in 2024, but 2025 looks better.Avis Budget Group (CAR 20.17%) stock is motoring higher today, its stock up 17.7% through 10:50 a.m. ET despite the rental car operator missing analyst forecasts for sales and earnings last night.Wall Street had predicted Avis would earn $8.18 per share on more than$3.5 billion in sales in Q3, but the company actually reported profits of only $6.65 per share, and sales just under$3.5 billion. Avis Q3 sales and earningsThat doesn't sound like ...