UPDATE: Morgan Stanley Reiterates On Avis Budget Following 1Q EPS Report - Avis Budget Gr (NASDAQ:CAR)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Underweight rating on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Avis Budget Group

(NASDAQ: CAR), but removed the $28.00 price target.In the report, Morgan Stanley noted, “CAR 1Q EPS of $0.16 (excl. special items) was more than 3x MSe $0.05 and double cons. $0.08, driven mainly by lower than expected NA fleet costs and slightly better NA pricing. Adj. EBITDA of $117mm (excl. special items) was 13% above our $104mm estimate and above consensus. NA drove the beat, International was a bit light while Truck was in line.”Avis Budget Group closed on Wednesday at $54.03.