Billionaire Karthik Sarma Scores Big As Avis Stock Surges 160% [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: Yahoo! Finance
Getty Images The Avis trade has more lives than a rental car with 200,000 hard miles on the odometer. Avis Budget Group stock has surged more than 160% in the past month, delivering a windfall to billionaire Karthik Sarma . The New York-based founder of SRS Investment Management, whose personal fortune Forbes last estimated at $2.9 billion, oversees roughly $13.9 billion in assets. Avis, which generated $11.7 billion in revenue last year but posted a $995 million net loss , is his biggest bet. At current prices, SRS's stake in Avis is worth approximately $3.7 billion. That is more than double the roughly $1.7 billion valuation at the end of February, before the latest rally began. This isn't unfamiliar territory. In 2021, Avis surged 456% during another short squeeze, briefly making Sarma billions on paper (Bloomberg reported he personally made $2 billion that year from his fund) before the stock gave back much of those gains. Yet Sarma has never wavered. He has served on Avi
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News
- Avis Budget (CAR) Rockets to 4-Year High — Here's Why [Yahoo! Finance]Yahoo! Finance
- Why Shares of Car-Rental Outfit Avis Are Driving Higher Today [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Why Is Avis Budget Group (CAR) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group (CAR) was downgraded by Deutsche Bank Aktiengesellschaft from "buy" to "hold". They now have a $128.00 price target on the stock.MarketBeat
- Deutsche Bank turns cautious on Avis Budget after the one-week +30% rally [Seeking Alpha]Seeking Alpha
CAR
Earnings
- 2/18/26 - Miss
CAR
Sec Filings
- 4/7/26 - Form SCHEDULE
- 4/2/26 - Form DEFA14A
- 4/2/26 - Form DEF
- CAR's page on the SEC website