Shares of Avis Budget Group, Inc. (NASDAQ:CAR) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $39.00.

CAR has been the subject of a number of research analyst reports. BidaskClub raised Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co initiated coverage on Avis Budget Group in a research report on Friday, August 4th. They set an “overweight” rating and a $39.00 target price for the company. ValuEngine lowered Avis Budget Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Morgan Stanley decreased their target price on Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 25th.

In related news, CEO Shon Larry D. De sold 25,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $42.00, for a total transaction of $1,050,000.00. Following the transaction, the chief executive officer now directly owns 222,365 shares of the company’s stock, valued at approximately $9,339,330. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Jr. Hardy sold 908 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.78, for a total value of $29,764.24. Following the transaction, the director now directly owns 908 shares in the company, valued at $29,764.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 460,708 shares of company stock valued at $18,183,212. Corporate insiders own 2.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its position in Avis Budget Group by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the business services provider’s stock valued at $600,000 after buying an additional 300 shares in the last quarter. Pacer Advisors Inc. increased its position in Avis Budget Group by 4.0% during the 2nd quarter. Pacer Advisors Inc. now owns 9,261 shares of the business services provider’s stock valued at $253,000 after buying an additional 356 shares in the last quarter. Wittenberg Investment Management Inc. increased its position in Avis Budget Group by 0.7% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 69,309 shares of the business services provider’s stock valued at $1,890,000 after buying an additional 500 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Avis Budget Group by 3.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,820 shares of the business services provider’s stock valued at $459,000 after buying an additional 580 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Avis Budget Group by 13.0% during the 2nd 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.

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Avis Budget Group (CAR) opened at $40.97 on Friday. Avis Budget Group has a 1-year low of $20.71 and a 1-year high of $42.40. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 100.73. The stock has a market capitalization of $3,390.00, a price-to-earnings ratio of 20.69 and a beta of 2.57.

Avis Budget Group Company Profile

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.

Analyst Recommendations for Avis Budget Group (NASDAQ:CAR)

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