Avis Budget board OKs share buyback increase

Avis Budget Group Inc. 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%.

Avis Budget board OKs share buyback increase

Avis Budget Group Inc. 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%.