Investors purchased shares of Avis Budget Group Inc. (NASDAQ:CAR) on weakness during trading hours on Tuesday. $39.45 million flowed into the stock on the tick-up and $11.17 million flowed out of the stock on the tick-down, for a money net flow of $28.28 million into the stock. Of all companies tracked, Avis Budget Group had the 21st highest net in-flow for the day. Avis Budget Group traded down ($0.49) for the day and closed at $44.40

CAR has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Avis Budget Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 15th. Credit Suisse Group restated a “hold” rating on shares of Avis Budget Group in a research report on Thursday, September 14th. BidaskClub downgraded shares of Avis Budget Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 3rd. MKM Partners boosted their price objective on shares of Avis Budget Group from $36.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, TheStreet raised shares of Avis Budget Group from a “c” rating to a “b-” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Avis Budget Group has an average rating of “Buy” and an average price target of $37.70.

The company has a market capitalization of $3,620.00, a price-to-earnings ratio of 32.89 and a beta of 2.53. 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 (NASDAQ:CAR) last announced its earnings results on Monday, November 6th. The business services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.11. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Avis Budget Group had a net margin of 1.26% and a return on equity of 95.28%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.47 EPS. equities analysts forecast that Avis Budget Group Inc. will post 2.65 EPS for the current fiscal year.

In other Avis Budget Group news, Director John D. Jr. Hardy sold 831 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.36, for a total value of $29,384.16. Following the transaction, the director now directly owns 831 shares of the company’s stock, valued at approximately $29,384.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Srs Investment Management, Llc acquired 3,500,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $40.56 per share, for a total transaction of $141,960,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 739,581 shares of company stock worth $30,037,022 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. CNA Financial Corp acquired a new position in Avis Budget Group in the 3rd quarter valued at $945,000. GRT Capital Partners L.L.C. increased its stake in Avis Budget Group by 10.7% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 34,650 shares of the business services provider’s stock valued at $945,000 after buying an additional 3,350 shares during the period. Commonwealth Bank of Australia increased its stake in Avis Budget Group by 196.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 121,700 shares of the business services provider’s stock valued at $3,318,000 after buying an additional 80,600 shares during the period. 1060 Capital LLC acquired a new position in Avis Budget Group in the 3rd quarter valued at $25,874,000. Finally, Eqis Capital Management Inc. acquired a new position in Avis Budget Group in the 3rd quarter valued at $380,000.

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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 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.

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