Avis Budget Group (NASDAQ:CAR) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Avis Budget Group to post earnings of $0.20 per share for the quarter.

Shares of Avis Budget Group (CAR) opened at $40.12 on Wednesday. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.28 and a quick ratio of 1.28. Avis Budget Group has a 1-year low of $20.71 and a 1-year high of $49.41. The company has a market capitalization of $3,270.00, a P/E ratio of 29.72 and a beta of 2.45.

A number of analysts have recently issued reports on CAR shares. Barclays lifted their price target on Avis Budget Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 1st. ValuEngine raised Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Northcoast Research reaffirmed a “buy” rating on shares of Avis Budget Group in a research note on Tuesday, November 7th. Zacks Investment Research raised Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Deutsche Bank lowered their price target on Avis Budget Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Avis Budget Group has a consensus rating of “Buy” and a consensus price target of $37.70.

In other Avis Budget Group news, SVP David T. Calabria sold 1,250 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $41.71, for a total transaction of $52,137.50. Following the transaction, the senior vice president now owns 4,412 shares of the company’s stock, valued at $184,024.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO W Scott Deaver sold 40,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $39.05, for a total value of $1,562,000.00. Following the transaction, the chief marketing officer now directly owns 125,674 shares in the company, valued at approximately $4,907,569.70. The disclosure for this sale can be found here. Insiders sold 463,750 shares of company stock worth $18,702,638 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

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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.

Earnings History for Avis Budget Group (NASDAQ:CAR)

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