Avis Budget Group, Inc. (NASDAQ:CAR) SVP David T. Calabria sold 1,300 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $35.86, for a total transaction of $46,618.00. Following the completion of the transaction, the senior vice president now owns 5,662 shares of the company’s stock, valued at $203,039.32. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Avis Budget Group, Inc. (NASDAQ CAR) opened at 37.74 on Monday. Avis Budget Group, Inc. has a 1-year low of $20.71 and a 1-year high of $41.53. The firm’s 50-day moving average is $33.40 and its 200-day moving average is $29.35. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 44.45 and a beta of 2.44.

Avis Budget Group (NASDAQ:CAR) last announced its earnings results on Monday, August 7th. The business services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.32. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Avis Budget Group had a return on equity of 74.80% and a net margin of 0.86%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Analysts forecast that Avis Budget Group, Inc. will post $2.54 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Morgan Stanley decreased their price target on shares of Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 25th. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating on shares of Avis Budget Group in a research note on Monday, June 26th. Finally, MKM Partners reiterated a “buy” rating and issued a $40.00 price target on shares of Avis Budget Group in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Avis Budget Group currently has a consensus rating of “Hold” and a consensus price target of $36.22.

Institutional investors have recently made changes to their positions in the business. FNY Managed Accounts LLC bought a new position in Avis Budget Group in the first quarter worth about $102,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Avis Budget Group in the second quarter worth about $191,000. World Asset Management Inc raised its holdings in Avis Budget Group by 8.9% in the first quarter. World Asset Management Inc now owns 7,474 shares of the business services provider’s stock worth $221,000 after purchasing an additional 610 shares in the last quarter. LS Investment Advisors LLC raised its holdings in Avis Budget Group by 27.6% in the first quarter. LS Investment Advisors LLC now owns 7,857 shares of the business services provider’s stock worth $232,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Avis Budget Group in the second quarter worth about $225,000.

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 and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

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

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