Avis Budget: Used Car Optimism Is Priced In (Downgrade)

Group 1 - Avis Budget Group (NASDAQ: CAR) has experienced a significant rally, with shares increasing by 9% from the previous year, following lows in March [1] - The company's business model is highly leveraged to the residual value of used cars, positioning it as a potential beneficiary in the current market environment [1] - The analyst emphasizes a contrarian investment strategy based on macroeconomic views and turnaround stories to achieve favorable risk/reward profiles [1]