Shares of Avis Budget Group Inc. (NASDAQ:CAR) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.07.

Several analysts have recently weighed in on the stock. Barclays PLC lifted their price target on shares of Avis Budget Group from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 27th. Zacks Investment Research raised shares of Avis Budget Group from a “strong sell” rating to a “hold” rating and set a $43.00 price target for the company in a research note on Monday, July 25th. Deutsche Bank AG lifted their price target on shares of Avis Budget Group from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $34.00 price target on shares of Avis Budget Group in a research note on Wednesday, August 3rd. Finally, Morgan Stanley reaffirmed a “sell” rating and set a $20.00 price target on shares of Avis Budget Group in a research note on Wednesday, August 3rd.

Avis Budget Group (NASDAQ:CAR) opened at 39.98 on Friday. The company has a 50-day moving average price of $33.99 and a 200 day moving average price of $33.54. Avis Budget Group has a 52-week low of $21.73 and a 52-week high of $42.21. The company has a market capitalization of $3.51 billion, a PE ratio of 20.43 and a beta of 2.20.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.14. Avis Budget Group had a net margin of 2.18% and a return on equity of 68.51%. The firm earned $2.66 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Avis Budget Group will post $2.96 earnings per share for the current year.

In other news, EVP Edward P. Linnen sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the sale, the executive vice president now directly owns 13,589 shares of the company’s stock, valued at $498,580.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John D. Jr. Hardy sold 779 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $34.84, for a total transaction of $27,140.36. Following the sale, the director now directly owns 779 shares in the company, valued at $27,140.36. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CAR. Partnervest Advisory Services LLC raised its stake in shares of Avis Budget Group by 2.2% in the second quarter. Partnervest Advisory Services LLC now owns 8,119 shares of the company’s stock worth $262,000 after buying an additional 174 shares during the period. Calvert Investment Management Inc. raised its stake in shares of Avis Budget Group by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 7,749 shares of the company’s stock worth $250,000 after buying an additional 201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Avis Budget Group by 11.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,347 shares of the company’s stock worth $115,000 after buying an additional 337 shares during the period. BlackRock Advisors LLC raised its stake in shares of Avis Budget Group by 0.9% in the third quarter. BlackRock Advisors LLC now owns 48,521 shares of the company’s stock worth $1,660,000 after buying an additional 420 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Avis Budget Group by 7.0% in the third quarter. Pacer Advisors Inc. now owns 8,510 shares of the company’s stock worth $291,000 after buying an additional 560 shares during the period.

Avis Budget Group Company Profile

Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia.

5 Day Chart for NASDAQ:CAR

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