5 Stocks that Tripled in 2021

3. Avis Budget Group, Inc. (NASDAQ:CAR)

Number of Hedge Fund Holders: 26     

Year-To-Date Gain: 708%  

Avis Budget Group, Inc. (NASDAQ:CAR) provides car and truck rentals. The short interest on the stock is at 36% but it has rallied amid interest from retail investors on Reddit who have been involved in short squeeze action heavily this year. 

Avis Budget Group, Inc. (NASDAQ:CAR) has received analyst downgrades from investment advisors like Barclays, JPMorgan, and Deutsche Bank recently. The company has a market cap of $17 billion and posted $5 billion in revenue last year. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm SRS Investment Management is a leading shareholder in Avis Budget Group, Inc. (NASDAQ:CAR) with 18.4 million shares worth more than $2.1 billion.