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Avis Budget Group, Inc. (CAR) [hlAlert]

Rating:
Overweight
CAR
up 159.77 %

Avis Budget Group, Inc. (CAR) rated Overweight with price target $19 by Lehman Brothers

Posted on: Thursday,  Jan 24, 2008  12:25 PM ET by Lehman Brothers

Lehman Brothers rated Overweight Avis Budget Group, Inc. (NASDAQ: CAR) on 01/24/2008. Previously Lehman Brothers rated Buy Avis Budget Group, Inc. (NASDAQ: CAR)
on 11/08/2007., when the stock price was $16.78. Since then, Avis Budget Group, Inc. has gained 159.77% as of 12/14/2015's recent price of $43.59.
If you would have followed the previous Lehman Brothers's recommendation on CAR, you would have gained 159.77% of your investment in 2958 days.

Avis Budget Group, Inc. (Avis Budget) provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally. The Company operates two of the brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier to the commercial and leisure segments of the travel industry and Budget is a rental car supplier to the price-conscious segments of the industry. The Company operates in three business segments: Domestic Car Rental, consisting of its Avis and Budget United States car rental operations; International Car Rental, consisting of its international Avis and Budget car rental operations, and truck rental, consisting of its Budget truck rental operations.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/2/2008 11:25 AM Buy
None
5.76 10.00
as of 12/24/2008
1 Week up  24.35 %
1 Month up  169.66 %
3 Months up  215.78 %
1 YTD down  -77.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2008 12:25 PM Buy
None
11.65 19.00
11/8/2007 11:25 AM Buy
None
16.78 26.00

(*) Stock Price at the time of the recommendation.
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