Avis Budget Group Inc. (NASDAQ:CAR) CMO W Scott Deaver sold 40,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $39.05, for a total transaction of $1,562,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 125,674 shares in the company, valued at approximately $4,907,569.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Avis Budget Group Inc. (NASDAQ:CAR) traded down $0.30 during trading hours on Tuesday, reaching $39.73. The company’s stock had a trading volume of 5,357,400 shares, compared to its average volume of 2,821,391. The stock has a market capitalization of $3,259.30, a PE ratio of 15.34 and a beta of 2.53. 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 Inc. has a 1 year low of $20.71 and a 1 year high of $42.40.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.11. Avis Budget Group had a return on equity of 95.28% and a net margin of 1.26%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business posted $2.47 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts anticipate that Avis Budget Group Inc. will post 2.65 EPS for the current fiscal year.

CAR has been the topic of a number of recent research reports. Desjardins restated a “hold” rating on shares of Avis Budget Group in a research note on Friday, August 11th. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Avis Budget Group in a report on Friday, August 11th. B. Riley initiated coverage on Avis Budget Group in a report on Friday, September 22nd. They issued a “buy” rating and a $36.00 price target for the company. Finally, Zacks Investment Research raised Avis Budget Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.70.

Several hedge funds have recently made changes to their positions in the company. Shelton Capital Management purchased a new position in shares of Avis Budget Group in the third quarter valued at $269,000. GSA Capital Partners LLP purchased a new position in shares of Avis Budget Group in the third quarter valued at $424,000. California Public Employees Retirement System increased its position in shares of Avis Budget Group by 1.9% in the third quarter. California Public Employees Retirement System now owns 396,471 shares of the business services provider’s stock valued at $15,090,000 after buying an additional 7,338 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Avis Budget Group by 1,413.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,540 shares of the business services provider’s stock worth $172,000 after purchasing an additional 4,240 shares in the last quarter. Finally, Marianas Fund Management LLC purchased a new stake in Avis Budget Group during the 3rd quarter worth about $2,767,000.

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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.

Insider Buying and Selling by Quarter for Avis Budget Group (NASDAQ:CAR)

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