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Why Avis Budget Group Gave Up 29% in the First Half of the Year

Why Avis Budget Group Gave Up 29% in the First Half of the Year

Shares of Avis Budget Group (NASDAQ: CAR) pulled back through the first six months of the year. The rental car company was one of many travel stocks hammered by the COVID-19 pandemic. Rival Hertz (NYSE: HTZ) was even forced into bankruptcy.