Avis Budget Group Inc. (NASDAQ:CAR) EVP Michael K. Tucker sold 2,439 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $39.05, for a total transaction of $95,242.95. Following the completion of the sale, the executive vice president now owns 58,210 shares in the company, valued at $2,273,100.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Avis Budget Group Inc. (NASDAQ:CAR) traded up 0.08% during trading on Wednesday, hitting $39.68. 398,081 shares of the company’s stock were exchanged. Avis Budget Group Inc. has a 1-year low of $21.73 and a 1-year high of $40.25. The stock’s 50-day moving average price is $34.61 and its 200-day moving average price is $34.05. The stock has a market cap of $3.49 billion, a PE ratio of 20.28 and a beta of 2.20.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings data 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. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.65 billion. Avis Budget Group had a net margin of 2.18% and a return on equity of 68.51%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. On average, equities analysts expect that Avis Budget Group Inc. will post $2.96 earnings per share for the current fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in CAR. Prudential Financial Inc. increased its position in Avis Budget Group by 3.7% in the first quarter. Prudential Financial Inc. now owns 15,759 shares of the company’s stock valued at $432,000 after buying an additional 563 shares during the period. State Street Corp increased its position in Avis Budget Group by 5.9% in the first quarter. State Street Corp now owns 1,537,922 shares of the company’s stock valued at $42,075,000 after buying an additional 85,962 shares during the period. UBS Asset Management Americas Inc. increased its position in Avis Budget Group by 3.1% in the first quarter. UBS Asset Management Americas Inc. now owns 231,339 shares of the company’s stock valued at $6,329,000 after buying an additional 7,014 shares during the period. Geode Capital Management LLC increased its position in Avis Budget Group by 1.8% in the first quarter. Geode Capital Management LLC now owns 637,271 shares of the company’s stock valued at $17,435,000 after buying an additional 11,461 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Avis Budget Group during the first quarter valued at approximately $19,241,000.

Several analysts have recently weighed in on the stock. Morgan Stanley reiterated a “sell” rating and set a $20.00 target price on shares of Avis Budget Group in a research report on Wednesday, August 3rd. Deutsche Bank AG lifted their target price on shares of Avis Budget Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Macquarie assumed coverage on shares of Avis Budget Group in a research report on Thursday, August 25th. They set an “outperform” rating and a $44.00 target price on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $44.00 target price on shares of Avis Budget Group in a research report on Wednesday, November 16th. Finally, Barclays PLC lifted their target price on shares of Avis Budget Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.62.

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About Avis Budget Group

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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