Hertz Resating Earnings, Avis Budget Down In Sympathy

Shares of Avis Budget Group

are trading lower by 2 percent in pre-market trading, following news of Hertz

withdrawing guidance and looking to restate earnings going back to 2011. Shares of CAR had hit an all-time high of 69.76 on Monday, and even with this morning's pullback, are still trading up 67 percent so far this year.