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September 01, 2020 10:27am
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Avis Budget stock jumps 12% as car-rental company swings to quarterly profit

Shares of Avis Budget Group Inc. skyrocketed more than 12% 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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