5 Stocks With Eye-Popping Gains

2. Avis Budget Group Inc. (NASDAQ:CAR)

Avis Budget extended its rally for a 9th straight session on Monday, to hit an all-time high, as short traders continued to gobble up its stock amid uncertainties in the Middle East.

In intra-day trading, Avis Budget Group Inc. (NASDAQ:CAR) jumped to its highest price of $372.23 before paring gains to finish the day just up by 23.69 percent at $371.01 apiece.

The rally can be attributed to the uncertainties in the ongoing peace talks between the US and Iran, whose war over the past few weeks has sent global crude oil prices spiking.

This, on the other hand, sparked good news for used car and car rental stocks like Avis Budget Group Inc. (NASDAQ:CAR) and Hetz Global Holdings, as travelers look for alternative modes of transportation to mitigate risks from the oil spikes and uncertainties.

Additionally, Avis Budget Group Inc. (NASDAQ:CAR) is a heavily shorted company, with at least 20 percent of its total float sold short, giving room for potential breakout rallies.

Last year, the company narrowed its net loss by 51 percent to $889 million from $1.82 billion in 2024. Revenues decreased by 1.6 percent to $11.6 billion from $11.79 billion year-on-year.

In the fourth quarter alone, Avis Budget Group Inc. (NASDAQ:CAR) incurred an attributable net loss of $747 million, or 61.8 percent lower than the $1.958 billion year-on-year. Revenues dipped 1.7 percent to $2.66 billion from $2.7 billion year-on-year.