Avis Budget Group (CAR) Set to Announce Earnings on Wednesday

Avis Budget Group (NASDAQ:CAR) will be posting its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Avis Budget Group to post earnings of $0.20 per share for the quarter.

Shares of Avis Budget Group (NASDAQ:CAR) opened at $40.12 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 35.24. Avis Budget Group has a 12 month low of $20.71 and a 12 month high of $49.41. The company has a market capitalization of $3,270.00, a PE ratio of 29.72 and a beta of 2.45.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. BidaskClub cut Avis Budget Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 3rd. Northcoast Research restated a “buy” rating on shares of Avis Budget Group in a research note on Tuesday, November 7th. TheStreet upgraded Avis Budget Group from a “c” rating to a “b-” rating in a research note on Friday, November 10th. Finally, Deutsche Bank reduced their price objective on Avis Budget Group from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.70.

In related news, CMO W Scott Deaver sold 40,000 shares of Avis Budget Group stock in a transaction that occurred on Friday, December 1st. The stock was 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 $4,907,569.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Ronald L. Nelson sold 275,000 shares of Avis Budget Group stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.22, for a total value of $11,060,500.00. Following the transaction, the chairman now owns 473,214 shares of the company’s stock, valued at $19,032,667.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 463,750 shares of company stock valued at $18,702,638. 2.80% of the stock is owned by company insiders.

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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.

Earnings History for Avis Budget Group (NASDAQ:CAR)

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