November, 2021

Why has Avis Budget Group Gained +275% in 5 Months? ($CAR)

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Why has Avis Budget Group Gained +275% in 5 Months? ($CAR)

Our June MegaTrends report detailed several companies that could benefit from the ongoing semiconductor chip shortages – In that report, we identified Avis Budget Group ($CAR) as well-positioned for future growth.

While many automakers have struggled, supply issues have been a massive boon for auto rental companies like CAR.

Consumer Mentions of renting a vehicle or seeking a rental vehicle are on pace to reach new highs: +36% QoQ and +67% YoY (90d MA).

Additionally, CAR’s underlying data has shown individual strength, especially when compared with that of its peers.

That strength manifested in the company’s results yesterday — Avis Budget crushed earnings expectations, causing its heavily-shorted stock to gain by more than +100% on the day.

Factoring in the recent move, shares of $CAR have gained by more than +275% since our bullish MegaTrends feature…Not bad for a 5-month span!

Stay ahead of wallstreet, take a tour/buy now.

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