5 Stocks that Doubled in 2021

In this article, we discuss the 5 stocks that doubled in 2021. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks that Doubled in 2021.

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

Number of Hedge Fund Holders: 27     

Year-To-Date Gain: 706%  

Avis Budget Group, Inc. (NASDAQ:CAR) features on our list of stocks that doubled in 2021. The short interest on the stock is close to 30%. On November 2, the shares soared 99% in a day of trading that saw 25 million shares of the firm swap hands. The company reported earnings for the third quarter a day earlier, beating market estimates on earnings per share and revenue by $4.06 and $220 million. 

JPMorgan and Deutsche Bank have both downgraded Avis Budget Group, Inc. (NASDAQ:CAR) stock recently. The former has an Underweight rating with a price target of $225 while the latter has a Sell rating with a price target $210. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm SRS Investment Management is a leading shareholder in Avis Budget Group, Inc. (NASDAQ:CAR) with 18.4 million shares worth more than $1.4 billion.