Avis Budget Group Inc. (NASDAQ:CAR) SVP David T. Calabria sold 1,250 shares of Avis Budget Group stock in a transaction on Friday, December 8th. The shares were sold at an average price of $41.71, for a total transaction of $52,137.50. Following the completion of the transaction, the senior vice president now owns 4,412 shares in the company, valued at approximately $184,024.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Avis Budget Group Inc. (NASDAQ:CAR) opened at $41.16 on Tuesday. Avis Budget Group Inc. has a one year low of $20.71 and a one year high of $42.40. The stock has a market cap of $3,302.46, a price-to-earnings ratio of 15.54 and a beta of 2.53. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 35.24.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. analysts expect that Avis Budget Group Inc. will post 2.65 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CAR. Deutsche Bank reiterated a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Avis Budget Group in a report on Friday, October 6th. Morgan Stanley decreased their price target on shares of Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley assumed coverage on shares of Avis Budget Group in a report on Friday, September 22nd. They set a “buy” rating and a $36.00 target price on the stock. Finally, BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.70.

A number of institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its position in shares of 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. Janney Montgomery Scott LLC increased its position in shares of Avis Budget Group by 53.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,250 shares of the business services provider’s stock worth $498,000 after purchasing an additional 6,384 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Avis Budget Group by 22.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 490,631 shares of the business services provider’s stock worth $13,380,000 after purchasing an additional 90,203 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Avis Budget Group by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,450,238 shares of the business services provider’s stock worth $121,357,000 after purchasing an additional 211,618 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Avis Budget Group by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 217,655 shares of the business services provider’s stock worth $5,938,000 after purchasing an additional 7,127 shares during the last quarter.

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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 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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