CAR - Avis Budget Group: Company Getting Very Attractive Now But Caution Warranted
2024-05-05 05:30:35 ET
Summary
- Avis Budget Group's Q1 earnings show a beat in revenues and a negative bottom line.
- The company's biggest concern is the decline in used car prices, which may increase fleet costs.
- A gradual transition to hybrid vehicles could help mitigate the costs of the fleet and improve the company's financial health.