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“Despite the impact of Omicron on the first half of the quarter, our team was able to quickly pivot to manage the significantly increasing demand during the back half of the quarter,” CEO Joe Ferraro commented. “We focused on diligent fleet management and continued cost optimization to generate a new record first quarter Adjusted EBITDA.”
Shares of CAR were up 35% year-to-date going into the earnings results.
By Davit Kirakosyan
