NasdaqGS:CARTransportation
Avis Budget Group (CAR): Rapid Earnings Growth Forecast Challenges Bearish Profit Narratives Heading Into Earnings
Avis Budget Group (CAR) is currently unprofitable, with net losses having grown at an annual rate of 23% over the past five years. Still, the company’s earnings are forecast to surge by 128.41% per year, putting profitability in reach within the next three years. This pace is well ahead of the broader market. While revenue is only expected to grow at 1.9% per year, significantly slower than the US market average, investors might be drawn in by CAR’s strong profit trajectory and its attractive...