XTN - Avis Budget Shares Get Upgrade: Analyst Applauds Lean Cost Base Lower EV Exposure Younger Fleet Mix | Benzinga
Goldman Sachs analyst Lizzie Dove upgraded Avis Budget Group, Inc (NASDAQ:CAR) shares to Neutral from Sell, raising the forecast to $130 from $118.
According to the analyst, Avis Budget will fare better than its peers given its lean cost base, lower exposure to EVs and slightly younger fleet mix.
Though estimates for the year have troughed, the analyst still saw some downside to 2025 estimates, pending further proof points on the stabilization of pricing.
Dove also projected the gap between used and new vehicle pricing to narrow in 2025, given ...