Avis Q2 earnings top estimates, driven by 'robust' summer demand

Invesitng.com -- Avis reported Monday second-quarter earnings that markedly beat Wall Street estimate as "robust" summer travel bolstered demand.

Avis Budget Group Inc (NASDAQ: CAR) was up more than 2% in afterhours trading following the report.

Avis reported Q2 adjusted EPs of $11.01 on revenue of $3.12 billion, compared with Wall Street estimates for $9.44 on revenue of $3.21B.

"Summer travel has continued to be robust with elevated peak period demand and seasonally improved pricing," the company said.

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