Top 10 Stocks in Ken Griffin’s Portfolio to Buy According to Analysts

7. Avis Budget Group, Inc. (NASDAQ:CAR)

Number of Hedge Fund Holders: 35

Stock Upside Potential as of April 11: 61.10%

Citadel Investment Group’s Equity Stakes: $10,021,032

Avis Budget Group, Inc. (NASDAQ:CAR) is a leading mobility solutions provider, operating through its Avis and Budget car rental brands and Zipcar, a car-sharing network. The company boasts more than 10,000 locations worldwide. The company has seen its growth prospects receive a significant boost on the recovery of the global economy to the pre-pandemic level, consequently triggering strong demand for its services in the mobility sector.

Due to shifts in consumer behavior, such as a preference for short-term vehicle access over ownership, the demand for rental cars has been high, especially in North America. The demand for automobile rentals for business and pleasure travel should continue to rise as the global travel industry continues to recover from the pandemic blues, which will help Avis Budget Group, Inc.’s (NASDAQ:CAR) bottom line.

Avis Budget closed 2024 with fourth-quarter revenue of $2.7 billion, fueled by robust holiday leisure travel. For the full year, the company reported $11.8 billion in revenue, a net loss of $1.8 billion, and adjusted EBITDA of $628 million, reflecting strong demand for its services. Revenues for Avis Budget Group, Inc. (NASDAQ:CAR) are expected to rise 1.5% and 2% annually in fiscal 2025 and 2026, respectively. Earnings are projected to increase by almost 100% in fiscal 2025 and by 63.7% in fiscal 2026, affirming why it is one of the top holdings in Ken Griffin’s portfolio.