Which of the following companies was lucky enough to watch investors drive its stock price up with the symbol CAR?
Answer Avis Budget
Avis Budget stock is a component of the Dow Jones Transportation Average index and also the S&P 400. As described on FundingUniverse.com: "On September 1997 Avis Rent A Car went public through the long-planned IPO, with about 75 percent of the company sold to the public and the remaining 25 percent staying in HFS's hands. The resulting $330 million proceeds were mainly to be used to pay down ARAC's large long-term debt of nearly $3 billion."
Asked by Tom Cohen · Last updated 5 years ago · 447 views