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Markets Score 42 Bullish

Car Rental Stocks Surge as Options Activity Drives CAR and HTZ Higher

Apr 16, 2026 19:43 UTC
CAR, HTZ
Short term

Avis Budget and Hertz Global have resumed their upward trajectory following a brief period of consolidation. Increased call option volume is fueling the current momentum in the rental sector.

  • Avis Budget (CAR) rose 10.6% in late afternoon trading
  • Hertz Global (HTZ) also participated in the rally
  • The move follows a brief downturn on Wednesday
  • High levels of call buying are contributing to the price surge
  • The rally is part of a broader six-week upward trend

Shares of Avis Budget Group (CAR) and Hertz Global Holdings (HTZ) experienced a strong rebound on Thursday, extending a bullish trend that has persisted for six weeks. The rally follows a brief downturn on Wednesday, suggesting that investors are quickly buying the dip in the car rental space. This price action is being supported by a notable increase in call buying, indicating a strong bullish sentiment among options traders. The derivative activity has provided a catalyst for the stocks to regain their momentum after a short-lived correction. Avis Budget (CAR) led the gains among the pair, climbing 10.6% in late afternoon trading. Hertz Global (HTZ) also saw positive movement, mirroring the sector-wide strength as the rally continued. While the current move appears heavily influenced by derivative positioning, the continued upward trend suggests a growing confidence in the operational outlook for the rental market. Traders are closely monitoring whether this momentum can be sustained beyond the current options-driven surge.

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