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May
30

Avis Budget Group, Inc. (CAR) Stock Price, Quote, History & News

Benzinga

Ever needed a car for a short period of time? Car rental company Avis Budget Group Inc (NASDAQ: CAR) makes it known they specialize in cars.Avis Budget Group was actually part of a larger, now-defunct company called Cendant. The company split into different segments, and the automobile rental segment consisted of Avis and Budget. The two now exist as Avis Budget Group.Unbeknownst to most, the Cendant spin-off resulted in a couple of other well-known companies. Its hotel franchises spun-off into Wyndham Destinations (NASDAQ: WYND) and its real estate franchise spun-off into Realogy (NASDAQ: RLGY).Car rental companies have recently come under financial difficulties as rentals drop due to the coronavirus pandemic. Hertz (NYSE: HTZ) filed for bankruptcy after months of speculation.Related Links:The Story Behind The Ticker: The Cheesecake FactoryThe Story Behind The Ticker: Constellation BrandsPhoto credit: Raysonho @ Open Grid Scheduler / Grid Engine, via WikimediaSee more from Benzinga * 10 Stocks Moving In Thursday’s After-Hours Session * 5 Stocks Moving In Wednesday’s After-Hours Session * 8 Stocks Moving In Thursday’s After-Hours Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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