Shares of Hertz Global Holdings (HTZ, Financial) and Avis Budget Group (CAR) experienced significant upward movements on Thursday, with Hertz rising by 20.5% and Avis climbing 18.8%. The surge lacks a clear explanation from corporate announcements or earnings updates, although some analysts speculate that potential tariff developments boosting used car prices may be a factor. Despite this uptick, both companies' stocks remain well below last year's levels. Avis currently outranks Hertz in quantitative analysis and has a more favorable Wall Street rating. Both stocks have short interests exceeding 10% of their float.
Hertz (HTZ) and Avis Budget (CAR) Stocks Surge Despite Lack of Clear Catalyst
Mar 27, 2025
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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
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