1060 Capital LLC bought a new stake in Avis Budget Group, Inc. (NASDAQ:CAR) during the third quarter, according to its most recent filing with the SEC. The firm bought 679,821 shares of the business services provider’s stock, valued at approximately $25,874,000. Avis Budget Group comprises 4.4% of 1060 Capital LLC’s holdings, making the stock its 8th biggest holding. 1060 Capital LLC owned approximately 0.82% of Avis Budget Group at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in Avis Budget Group in the 1st quarter worth $300,000. Oregon Public Employees Retirement Fund grew its position in Avis Budget Group by 3.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 34,301 shares of the business services provider’s stock worth $935,000 after purchasing an additional 1,301 shares during the last quarter. LS Investment Advisors LLC grew its position in Avis Budget Group by 13.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,881 shares of the business services provider’s stock worth $242,000 after purchasing an additional 1,024 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Avis Budget Group by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the business services provider’s stock worth $600,000 after purchasing an additional 300 shares during the last quarter. Finally, Aperio Group LLC grew its position in Avis Budget Group by 12.6% in the 2nd quarter. Aperio Group LLC now owns 20,199 shares of the business services provider’s stock worth $551,000 after purchasing an additional 2,262 shares during the last quarter.

Several research firms have issued reports on CAR. Desjardins restated a “hold” rating on shares of Avis Budget Group in a research report on Friday, August 11th. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. TheStreet upgraded shares of Avis Budget Group from a “c” rating to a “b-” rating in a research report on Friday, November 10th. National Bank Financial restated an “outperform market weight” rating on shares of Avis Budget Group in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co began coverage on shares of Avis Budget Group in a research report on Friday, August 4th. They issued an “overweight” rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.70.

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Shares of Avis Budget Group, Inc. (NASDAQ:CAR) traded up $0.68 during trading on Monday, hitting $35.01. 3,012,100 shares of the stock traded hands, compared to its average volume of 2,862,757. The company has a debt-to-equity ratio of 35.24, a quick ratio of 1.28 and a current ratio of 1.28. Avis Budget Group, Inc. has a 1-year low of $20.71 and a 1-year high of $42.40. The firm has a market cap of $2,850.00, a price-to-earnings ratio of 13.41 and a beta of 2.57.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.11. Avis Budget Group had a net margin of 1.26% and a return on equity of 95.28%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm posted $2.47 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts predict that Avis Budget Group, Inc. will post 2.6 earnings per share for the current year.

In related news, insider Mark J. Servodidio sold 29,000 shares of Avis Budget Group stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $36.07, for a total transaction of $1,046,030.00. Following the completion of the transaction, the insider now directly owns 72,431 shares of the company’s stock, valued at approximately $2,612,586.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward P. Linnen sold 3,000 shares of Avis Budget Group stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $36.09, for a total transaction of $108,270.00. Following the transaction, the executive vice president now directly owns 17,919 shares of the company’s stock, valued at $646,696.71. The disclosure for this sale can be found here. Insiders have sold a total of 460,631 shares of company stock valued at $18,182,832 over the last three months. 2.80% of the stock is currently owned by insiders.

Avis Budget Group 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 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.

Institutional Ownership by Quarter for Avis Budget Group (NASDAQ:CAR)

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