Why These 5 Stocks Are Trending on Tuesday

3. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 89% today after the company reported strong third quarter results. For the period, the company reported adjusted earnings per share of $10.74, exceeding the estimate by $4.06 per share. Revenue was $3 billion, up 96.1% year over year, and $220 million ahead of estimates. Utilization was 71.6% for the quarter. Given the short interest around Avis Budget Group, Inc. (NASDAQ:CAR) is fairly high, the stock can be volatile. Two Sigma Advisors was long 932,2000 shares of Avis Budget Group, Inc. (NASDAQ:CAR) at the end of June.