Dollar Thrifty Automotive Group Inc DTG said that it projects adjusted EBITDA to rise 17% to 28% in the third quarter, and lifted its share repurchase authorization.
Dollar Thrifty projects corporate adjusted EBITDA of $110 to $120 million, versus $93.7 million, in the year-earlier period. It expects Q3 rental revenue to rise around 2%.
Dollar Thrifty's board also lifted the stock buyback authorization to $400 million from $100 million.
Dollar Thrifty shares dropped 0.70% to close at $59.58 on Friday.
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