Avis Budget Group Inc. (NASDAQ:CAR) Director Stender E. Sweeney sold 803 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $38.34, for a total transaction of $30,787.02. Following the completion of the sale, the director now directly owns 603 shares of the company’s stock, valued at approximately $23,119.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Avis Budget Group Inc. (NASDAQ:CAR) opened at 38.48 on Monday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 19.66 and a beta of 2.20. The company’s 50 day moving average is $34.20 and its 200-day moving average is $33.68. Avis Budget Group Inc. has a one year low of $21.73 and a one year high of $42.21.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $2.47 earnings per share (EPS) 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 analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $1.98 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Equities analysts expect that Avis Budget Group Inc. will post $2.96 EPS for the current year.

Insider Buying and Selling by Quarter for Avis Budget Group (NASDAQ:CAR)

A number of institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Avis Budget Group during the third quarter valued at about $100,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 valued at $115,000 after buying an additional 337 shares during the period. SG Americas Securities LLC acquired a new position in shares of Avis Budget Group during the third quarter valued at about $153,000. Fifth Third Bancorp acquired a new position in shares of Avis Budget Group during the second quarter valued at about $164,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Avis Budget Group during the third quarter valued at about $220,000.

A number of equities analysts have issued reports on CAR shares. Zacks Investment Research raised shares of Avis Budget Group from a “strong sell” rating to a “hold” rating and set a $43.00 price objective on the stock in a research note on Monday, July 25th. Morgan Stanley reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Avis Budget Group in a research note on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Avis Budget Group in a research note on Wednesday, August 3rd. Deutsche Bank AG raised their price objective 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. Finally, Barclays PLC raised their price objective on shares of Avis Budget Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Avis Budget Group presently has an average rating of “Hold” and a consensus price target of $36.62.

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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