Avis Budget (CAR) Hits New All-Time High, Stock Firm Despite ‘Sell’ Reco

Avis Budget Group Inc. (NASDAQ:CAR) is one of the 10 Resilient Stocks in a Sea of Uncertainties.

Avis Budget soared to a fresh all-time high on Tuesday—its fourth in a row—as short squeeze continued to hammer bearish traders.

In intra-day trading, the stock climbed to its highest price of $765.94 before paring gains to end the session just up by 17.28 percent at $713.97 apiece.

Photo by Vladimir Srajber on Pexels

The surge came despite Barclays’ “sell” recommendation on its stock, saying that its current valuation is unjustifiable.

According to Barclays, the rally was a “supply-demand mismatch” with two holders accounting for 71 percent of outright ownership, and over 100 percent of economic interest given outstanding swaps.

“All of this leads to uncertainty about how long this will last and whether CAR stock can go higher,” Barclays said.

It is also worth noting that Avis Budget Group Inc. (NASDAQ:CAR) is a highly shorted company, with short interest currently nearing its total float.

Last year, Avis Budget Inc. (NASDAQ:CAR) 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.

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