Stock Price Prediction

Technical Analysis: Based on recent price action, CAR has shown significant weakness, falling 7.2% in the latest trading session amid broader transportation sector decline.

The stock is currently testing a critical support level around $70, evidenced by high put option volume at the $70 strike for April 2025 expiration. This suggests traders are positioning for potential further downside.

News Sentiment Analysis: Recent negative catalysts include:

• Transportation sector-wide selloff due to weak economic data
• Rising tariff concerns impacting the broader market
• Consumer sentiment dropping to 15-month low

Price Projection for Next Week: Based on technical indicators and current market sentiment:

• Resistance: $75
• Support: $68

Target price range for next week: $66-72, with higher probability skewed to the downside due to:

• Negative sector momentum
• High put option activity at $70 strike
• Weakening economic indicators affecting travel demand

Trading Recommendation: SELL with target entry at current market price ($96.50)

• First target: $72 (-25.4%)
• Second target: $68 (-29.5%)
• Stop loss: $102 (+5.7%)

The bearish stance is supported by:

• Transportation index entering correction territory
• Increased options hedging activity
• Deteriorating consumer sentiment affecting travel sector
• Technical breakdown below key moving averages