The company posted adjusted profit of 74 cents a share in the second quarter compared to losses of 17 cents a year ago. Wall Street was expecting earnings of 22 cents a share.
Sales hit $2.5 billion in the three months through June 30, up 5% from $2.4 billion the year before. The revenue was 2.5% ahead of analysts' average expectations, according to Zacks.
Digging into the numbers, sales growth was entirely attributable to the U.S. car rentals operations which saw a 10% increase in revenue. That compares to a sales drop of 5% for international rentals, and a 3% fall for all other operations.
Dow Futures Gain on Senate Infrastructure Deal, But Inflation Data Looms
Stocks could test record highs again Friday following a Senate group breakthrough on infrastructure, but inflation concerns are keeping gains in check.
"Through disciplined execution, investments in new revenue opportunities and by aligning ourselves with our customers, we are strategically positioned for future growth," said CEO Kathryn Marinello in a statement.
Shares rose 5.76% in after-hours trading on Tuesday to $15.80.
Constable owns none of the securities listed in this story.