Brokerages predict that Avis Budget Group, Inc. (NASDAQ:CAR) will report earnings per share of $2.95 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Avis Budget Group’s earnings. The highest EPS estimate is $3.03 and the lowest is $2.71. Avis Budget Group reported earnings per share of $2.47 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Avis Budget Group will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.77. For the next year, analysts forecast that the business will report earnings of $3.33 per share, with EPS estimates ranging from $3.10 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Avis Budget Group.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.32). Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis.

Several equities research analysts have weighed in on CAR shares. Zacks Investment Research raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine raised Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub raised Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co started coverage on Avis Budget Group in a research report on Friday, August 4th. They issued an “overweight” rating and a $39.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $38.20.

Avis Budget Group (CAR) traded up 0.44% during trading on Monday, reaching $41.44. 2,216,027 shares of the company were exchanged. The firm’s 50 day moving average is $39.20 and its 200 day moving average is $31.46. Avis Budget Group has a 52-week low of $20.71 and a 52-week high of $42.40. The stock has a market capitalization of $3.43 billion, a PE ratio of 48.81 and a beta of 2.48.

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In other news, insider Ronald L. Nelson sold 250,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $41.02, for a total value of $10,255,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David T. Calabria sold 1,300 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $35.86, for a total value of $46,618.00. Following the completion of the transaction, the senior vice president now directly owns 5,662 shares of the company’s stock, valued at approximately $203,039.32. The disclosure for this sale can be found here. In the last three months, insiders sold 435,708 shares of company stock valued at $17,133,212. Company insiders own 2.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Crow Point Partners LLC bought a new position in Avis Budget Group during the third quarter valued at about $107,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Avis Budget Group during the second quarter valued at about $191,000. Cambridge Investment Research Advisors Inc. bought a new position in Avis Budget Group during the second quarter valued at about $225,000. Strs Ohio bought a new position in Avis Budget Group during the third quarter valued at about $232,000. Finally, LS Investment Advisors LLC boosted its stake in Avis Budget Group by 13.0% during the second quarter. LS Investment Advisors LLC now owns 8,881 shares of the business services provider’s stock valued at $242,000 after buying an additional 1,024 shares in the last quarter.

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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