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Avis Budget Group (NYSE:CAR) EVP Michael K. Tucker sold 1,500 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $65.94, for a total value of $98,910.00. Following the completion of the transaction, the executive vice president now directly owns 42,381 shares in the company, valued at approximately $2,794,603. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Avis Budget Group (NYSE:CAR) traded up 1.92% on Thursday, hitting $67.33. 1,528,627 shares of the company’s stock traded hands. Avis Budget Group has a 52-week low of $26.57 and a 52-week high of $66.09. The stock has a 50-day moving average of $59.85 and a 200-day moving average of $52.42. The company has a market cap of $7.005 billion and a P/E ratio of 61.22.

Avis Budget Group (NYSE:CAR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.74. The company had revenue of $2.20 million for the quarter, compared to the consensus estimate of $40.75 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Avis Budget Group will post $2.97 EPS for the current fiscal year.

A number of analysts have recently weighed in on CAR shares. Analysts at Morgan Stanley raised their price target on shares of Avis Budget Group from $28.00 to $30.00 in a research note on Friday, August 8th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Avis Budget Group in a research note on Wednesday, August 6th. They now have a $60.00 price target on the stock, up previously from $58.00. Finally, analysts at MKM Partners raised their price target on shares of Avis Budget Group from $75.00 to $80.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.50.

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

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