Will Avis Budget Group’s stock on rental demand be maintained?

Avis Budget Group stock (NASDAQ: CAR) has risen 26% in the past twenty-one trading days. In comparison, the larger S & P500 index fell 0.5% over the same period. The car rental company’s stock has increased over the past two months, as demand for rental cars increases with the vaccinated population starting to go on vacation or short trips. The stock saw a sudden rise in mid-September after the Bank of America analyst increased his recommendation to buy the stock from the previous neutral. Now, is the RCA stock about to grow? Based on our machine learning analysis of stock price trends over the past ten years, there is a 57% chance that CAR stock will rise in the next month (twenty-one trading days) . See our analysis on The risk of an increase in Avis Budget Group shares for more details.

Five days: 18% RCA, vs S & P500 2.3%; Outperformed market

(3% probability of event)

  • Avis Budget Group stock increased by 18% over a five-day trading period ending 9/24/2021, versus the larger market (S & P500) which rose 2.3%
  • A change of 18% or more over five trading days has an event probability of 3%, which has occurred 69 times out of 2,517 in the past ten years

Ten days: RCA 24%, vs S & P500 -0.6%; Outperformed market

(3% probability of event)

  • Avis Budget Group stock increased by 24% over the last ten trading days (two weeks), compared to the broader market decline (S & P500) of 0.6%
  • A change of 24% or more over ten trading days has an event probability of 3%, which has occurred 71 times out of 2,517 in the past ten years

Twenty-one days: RCA 26%, vs S & P500 -0.5%; Outperformed market

(6% probability of event)

  • Avis Budget Group stock increased by 26% over the last twenty-one trading days (one month), compared to the larger market (S & P500) decline of 0.5%
  • A change of 26% or more in twenty-one trading days has an event probability of 6%, which has occurred 151 times out of 2,515 in the past ten years

Although the Avis Budget Group share is likely to increase in the near term, several peers in its industry look like a Better bet than the stock of cars. Also, Peer comparisons from the Avis Budget group summarizes how the company performs relative to its peers on the metrics that matter.

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