Avis Budget Group is a provider of vehicle rental and car sharing services that operates Avis, Budget and Zipcar brands.
The car rental industry remains challenged that Hertz's (HTZ) June price increase was ineffective, and Enterprise did not pull back, Credit Suisse noted.
"While we still believe that stronger pricing will unfold in the industry, with the majority of 2015 fleet disposals completed, we see little near-term risk," Credit Suisse analysts said.
However, Avis is seeing healthy summer reservations in Europe, with some countries up double digits by volume, Credit Suisse added.
Separately, TheStreet Ratings team rates AVIS BUDGET GROUP INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AVIS BUDGET GROUP INC (CAR) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: