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Shares of Avis Budget Group (NYSE:CAR) were the recipient of unusually large options trading on Monday. Traders bought 3,792 put options on the stock, AmericanBankingNews.com reports. This is an increase of 404% compared to the average volume of 753 put options.

A number of analysts have recently weighed in on CAR shares. Analysts at Zacks upgraded shares of Avis Budget Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $61.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Avis Budget Group from $42.00 to $46.00 in a research note on Monday, May 12th. They now have an “equal weight” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Avis Budget Group from $55.00 to $75.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Avis Budget Group presently has a consensus rating of “Hold” and an average price target of $50.29.

Shares of Avis Budget Group (NYSE:CAR) traded down 1.20% on Monday, hitting $59.329. The stock had a trading volume of 1,770,050 shares. Avis Budget Group has a 52 week low of $26.57 and a 52 week high of $60.43. The stock’s 50-day moving average is $54.98 and its 200-day moving average is $45.31. The company has a market cap of $6.253 billion and a price-to-earnings ratio of 101.09.

Avis Budget Group (NYSE:CAR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Avis Budget Group will post $2.83 earnings per share for the current fiscal year.

Avis Budget Group, Inc (NYSE:CAR) operates two brands in the global vehicle rental industry through Avis and Budget.

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