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Posted by
Two Blokes May 28, 2025 -
Filed in
Stock
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11 views
Avis has rallied over 60% since my March buy call, driven by strong used car pricing and tariff tailwinds, now reaching my $100-$120 price target. Q1 results were weak due to soft commercial demand, but leisure bookings are improving; cost cuts and fleet reductions are helping utilization and margins. Avis's upside is highly levered to used car prices, but current valuation already reflects a 20% gain in residual values and optimistic scenarios.
