October 23, 2020
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Hedge Funds Aren’t Crazy About Avis Budget Group Inc. (CAR) Anymore

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Avis Budget Group Inc. (NASDAQ:CAR) and determine whether hedge funds skillfully traded this stock.

Is Avis Budget Group Inc. (NASDAQ:CAR) a buy right now? Investors who are in the know were getting less optimistic. The number of long hedge fund bets were cut by 2 lately. Avis Budget Group Inc. (NASDAQ:CAR)

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Hedge Funds Are Getting Very Bullish

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Group 1 Automotive, Inc. (NYSE:GPI) based on that data and determine whether they were really smart about the stock.

Group 1 Automotive, Inc. (NYSE:GPI) investors should pay attention to an increase in enthusiasm from smart money of late. Group 1 Automotive, Inc. (NYSE:GPI) was in 21 hedge funds’ portfolios at the end of June. The all time high for this statistics is 25. Our calculations also showed

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