CAR Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Avis Budget demonstrates resilience with positive performance trends overshadowing legal woes. The increased travel demand may lead to favorable Q4 earnings, driving stock price recovery towards $100.




Bearish Case: Significant legal challenges and ongoing insider trading concerns undermine investor confidence. High implied volatility suggests potential for further downside risk, pressuring stock price towards $75.




Potential Outcomes:

1) Successful management of legal issues restores investor confidence (40%).

2) Ongoing legal troubles lead to further price declines (35%).

3) Positive Q4 earnings propel stock up towards $100 (25%).




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November 19, 2024


Avis Budget Forecast

CAR        Avis Budget











Correlated Assets

Assets that tend to move strongly with CAR



HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.91)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (0.9)


AZUL Forecast + Options Trading Strategies   AZUL  Azul (0.9)


DDD Forecast + Options Trading Strategies   DDD  3D Systems (0.89)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.87)



Uncorrelated Assets

Assets with little price relationship to CAR



ACN Forecast + Options Trading Strategies   ACN  Accenture (-0.0)


ST Forecast + Options Trading Strategies   ST  Sensata (0.0)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (-0.0)


TTEK Forecast + Options Trading Strategies   TTEK  Tetra Tech (0.01)


IMNM Forecast + Options Trading Strategies   IMNM  Immunome (0.01)



Anticorrelated Assets

Assets that tend to move strongly against CAR



FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (-0.86)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (-0.86)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.86)


HEI Forecast + Options Trading Strategies   HEI  Heico (-0.88)


ICE Forecast + Options Trading Strategies   ICE  Intercontinental Exchange (-0.88)









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