5 Most Undervalued Industrial Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Investors In Q3 2023: 30

Latest P/E Ratio: 3.99

Avis Budget Group, Inc. (NASDAQ:CAR) is an American company that provides cars and trucks for rent. November was an eventful month for the firm, as not only did it share its third quarter earnings results but also underwent a management shakeup which saw it appoint a new chairman and a new chief financial officer.

As of September 2023 end, 30 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. Avis Budget Group, Inc. (NASDAQ:CAR)’s biggest investor among these is Karthik Sarma’s SRS Investment Management as it owns $3.1 billion worth of shares.

Follow Avis Budget Group Inc. (NASDAQ:CAR)