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CAR - Avis Budget Group: Good Growth Bad Business Okay Investment
Avis Budget Group Inc.
The vehicle rental industry is ever changing, post-pandemic, with travel and ownership costs fueling growth.
However, Avis Budget holds a tough balance sheet and faces tough competitive pressures, putting a lid on the potential return on investment at current levels.
I believe the company is fairly valued and maintain my bullish to neutral stance on the company's long term prospects.