Earnings Miss Hits Avis Stock, While Verra Mobility Soars on Seven-Year Avis Deal
Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.
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Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.
Verra Mobility will lose Avis contract in 2026, cutting revenue and profit outlook; stock fell sharply after the news.