May. 28 at 1:51 AM
$VRRM Seems like the market is pricing for the fact that if more customers leave (hertz, enterprise, etc) and follow Avis out the door, margins collapse, debt becomes problematic and their whole business model could fall apart.
Seems like the market will need some reassurance that they won’t lose any further clients or possibly for guidance to hold next quarter or some insider buying, etc.