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Does Avis (CAR) Still Have Some Upside? I Think So.

|Includes:Avis Budget Group, Inc. (CAR)

Over the last week most of the analysts following CAR have upgraded their estimates for the company, with an average lift in consensus above 20%

- For fiscal 2012, 4 out of 7 analyst have increased their estimates, raising the consensus EPS to $2.11 from $1.59 a week ago

- For fiscal 2013, 3 out of 6 analysts have increased their estimates, raising the consensus EPS to $2.17 vs. $1.79 a week ago

While the stock has risen 20% last week I believe there could still some nice upside left in the stock in the coming weeks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: CAR