WASHINGTON (dpa-AFX) - Avis Budget Group Inc. (CAR) announced that it has repurchased about $135 million of stock under its current stock repurchase program. The program was first announced in August 2013 and authorized an initial maximum amount of $200 million. The company's Board has authorized an increase to the amount remaining for future repurchases under the program from the approximately $65 million remaining to $300 million.
The company is scheduled to report its first quarter 2014 results on Wednesday, May 7.
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