Avis Budget Stock Falls As Bank of America Warns Weak Demand, Pricing Could Hurt Earnings
1. BofA downgraded CAR from Buy to Underperform, lowering price target to $113. 2. Analyst reports demand pressures impact earnings in late 2025 and 2026. 3. Consumer spending on travel expected to decline, weakening pricing environment. 4. EBITDA estimates revised downward, signaling reduced earnings growth potential. 5. Avis Budget's growth initiatives unlikely to impact near-term earnings significantly.