Reported 3 days ago
SRS Investment Management's recent analysis places Avis Budget Group, Inc. (CAR) among the top stocks for investment despite its substantial financial losses and operational challenges. The company reported a net loss nearing $2 billion for Q4 2024, attributed to strategic fleet rotations leading to significant impairment charges. However, amidst these challenges, CEO Joe Ferraro maintains optimism for future profitability driven by strong travel demand and robust liquidity. As SRS focuses on long-term value creation, CAR is positioned as the second-highest recommendation from the firm, highlighting its potential for recovery and growth.
Source: YAHOO