3 Industrial Stocks That Outperformed Ethereum in 2021

Ethereum (ETH) is the world’s second-largest cryptocurrency by market capitalization. However, ETH is down by 35% from the all-time high of $4,878 it hit on November 10, 2021, due to the crypto market crash. Moreover, ETH has lost…

more than 14% of its value since the beginning of the new year. As regulators strive to impose new rules to govern cryptocurrencies trades, ETH might decline further in the near term.

On the contrary, the U.S. Industrial production rose 5.3 % year-over-year in November 2021. Moreover, with several federal initiatives, the industrial sector is projected to witness a bullish trend in the near future. Investors’ interest in the industrial space is evident from the Industrial Select Sector SPDR Fund’s (XLI) 6.5% returns in the past three months.

Established industrial stocks Avis Budget Group, Inc. (CAR – Get Rating), Veritiv Corporation (VRTV – Get Rating), and AeroCentury Corp. (ACY – Get Rating) outperformed Ethereum last year. Let’s take a closer look.

Avis Budget Group, Inc. (CAR – Get Rating)

CAR, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. The company operates in approximately 10,600 locations worldwide.

On November 1, 2021, Joe Ferraro, CAR CEO, said, “We are seeing the benefits of initiatives we began during the early days of the pandemic and look to build on this positive momentum as the travel environment continues to normalize.”

CAR’s revenues came in at $3 billion for the third quarter ended September 30, 2021, up 95.6% year-over-year. Its adjusted net income came in at $693 million, up 777.2% year-over-year, while its adjusted EPS came in at $10.74, up 850.4% year-over-year. Moreover, its adjusted EBITDA increased 380.5% year-over-year to $1.06 billion.

For fiscal 2021, analysts expect CAR’s revenue to be $9.13 billion, representing a 69% year-over-year rise. In addition, the company’s EPS is expected to increase 459.1% year-over-year to $22.3 in fiscal 2021. Also, it surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 412.2% to close yesterday’s trading session at $191.92.

CAR’s POWR Ratings reflect this promising outlook. The POWR Ratings assess stocks by 118 different factors, each with its weighting. The stock has an A grade for Growth and a B grade for Quality. Within the B-Rated Auto Dealers & Rentals industry, it is ranked #16 out of 26 stocks. Click here to see the additional POWR Ratings for Momentum, Stability, Sentiment, Value for CAR.

Veritiv Corporation (VRTV – Get Rating)

VRTV operates as a business-to-business provider of value-added packaging products and services and facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. Its segments are: the Packaging segment; the Facility Solutions segment; the Print segment, and the Publishing segment.

On November 3, 2021, Sal Abbate, CEO, said, “The ongoing benefits of our 2020 Restructuring Plan, as well as…

 

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