Avis Budget board OKs share buyback increase

Published: June 4, 2021 at 5:04 p.m. ET

By

Claudia Assis

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Avis Budget Group Inc. CAR, -1.41% board of directors has approved a $325 million increase to the car-rental company's share buyback authorization, the company said in a filing Friday. With that, Avis has about $391 million of available repurchase authorization. The stock edged higher in the extended session Friday and ended the regular trading day down 1.4%.

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