Avis Stock (NASDAQ: CAR) shot up after the company reported strong earnings that topped Wall Street’s predictions. The company’s revenue has been rising steadily following a car rental boom.
The CAR stock has risen by about 875% this year proving to be a worthy stock to invest in.
To help stock traders eying to invest in the Avis stock, Invezz has created a brief article on what it is and the best places to trade it.
To find out more, please continue reading.
Best places to trade CAR Stock
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What is Avis stock?
Avis stock is the stock of Avis Budget Group, Inc. and it trades on the NASDAQ Stock Exchange under the symbol NASDAQ: CAR.
The Avis Budget Group, Inc. is an American parent company that has invested in the business of renting out cars. Some of its global brands include Avis Car Rental, Zipcar, Budget Truck Rental, and Budget Car.
Some of the local brands that operate in the US under Avis Budget Group include Apex Car Rentals, Payless Car Rental, France Cars, and Maggiore Group.
Should I buy Avis stock today?
If you are looking for a stock that is on the rise, then CAR is a good option.
It has been on the rise for the entire year and the boom in the car rental business is expected to people the prices up higher.
Avis stock price prediction
At the rate at which the Avis stock price is increasing experts expect it to make a record 1000% increase in 2021. That means it is expected to rise by about 200% in the remaining two months.
Visa stock social media coverage
The post Where to buy Avis stock (CAR): it has more than doubled after strong earnings following a rental car boom appeared first on Invezz.