On June 30, Avis Budget Group declined 5.9% in regular trading, trading at approximately $148.46/share, with turnover of $10.22 million.

On the news front, peer Hertz Global Holdings previously lowered its Q2 performance outlook due to weak used car market demand, projecting adjusted EBITDA to fall at the lower end of its guidance range. Hertz simultaneously filed a public offering of up to $100 million in additional shares, with Hertz stock declining 3.16% in the current session. As a leading vehicle rental company, Avis Budget continues to face pressure from negative industry sentiment transmission.

Within the Passenger Ground Transportation sector, Uber fell 2.06%, Lyft declined 0.56%, Hertz dropped 3.16%, Marti Technologies lost 0.76%, while Grab Holdings edged up 0.13%.

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