SG Americas Securities LLC Raises Stock Holdings in Avis Budget Group, Inc. $CAR

SG Americas Securities LLC raised its position in shares of Avis Budget Group, Inc. (NASDAQ:CAR) by 5,264.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,968 shares of the business services provider’s stock after purchasing an additional 99,086 shares during the quarter. SG Americas Securities LLC owned 0.29% of Avis Budget Group worth $12,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators lifted its holdings in shares of Avis Budget Group by 102.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 174 shares of the business services provider’s stock worth $28,000 after purchasing an additional 88 shares during the period. Hantz Financial Services Inc. increased its holdings in Avis Budget Group by 136.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 253 shares of the business services provider’s stock worth $41,000 after buying an additional 146 shares during the period. American Wealth Advisors LLC acquired a new position in Avis Budget Group in the 3rd quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. raised its position in Avis Budget Group by 26.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock worth $58,000 after buying an additional 76 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Avis Budget Group by 19.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock worth $72,000 after buying an additional 70 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

More Avis Budget Group News

Here are the key news stories impacting Avis Budget Group this week:

• Positive Sentiment: Airport gridlock and TSA staffing issues have lifted demand for rental cars, helping lift CAR shares and fundamentals in the near term. Hertz and Avis rally as airport gridlock fuels demand for car rentals
• Positive Sentiment: Investor interest in a potential short squeeze and broader travel-related demand helped push the stock higher earlier; caution noted around oil price direction. Why Avis Budget Group Stock Zoomed Ahead Today
• Neutral Sentiment: Some market commentators urged caution, suggesting the rally may be overextended and recommending alternative trades. Fade the Rally in Avis Stock & Buy Hertz’s Instead?
• Negative Sentiment: Management announced an at‑the‑market equity offering program (Equity Distribution Agreement), a potentially dilutive move that often pressures shares. Avis Budget Launches At-the-Market Equity Offering Program
• Negative Sentiment: The stock fell after‑hours following the company’s ATM offering news and other headlines, driving intraday reversal risk. Avis Budget stock tanks after hours – what’s driving it down?
• Negative Sentiment: An analyst cut CAR’s price target by ~12.6%, signaling reduced near‑term expectations from at least one sell‑side player. Avis Budget Group (CAR) price target decreased by 12.64% to 105.74
• Negative Sentiment: A Trump administration TSA payment order and related headlines created regulatory/operational uncertainty that weighed on shares earlier in the day. Avis and Hertz shares fall on Trump TSA payment order
• Negative Sentiment: A shareholder‑protection firm flagged a probe alleging differences between adjusted EBITDA commentary and GAAP results, adding legal/ reputational risk. Car Shareholders Lost Money? Levi & Korsinsky, LLP Probes Reported Vs.

Insider Activity at Avis Budget Group

In other news, Director Lynn Krominga sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $91.54, for a total transaction of $178,503.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Pentwater Capital Management L bought 425,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $94.26 per share, for a total transaction of $40,060,500.00. Following the transaction, the insider directly owned 3,987,100 shares in the company, valued at approximately $375,824,046. This represents a 11.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 52.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CAR shares. Morgan Stanley dropped their price objective on shares of Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Wall Street Zen cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research downgraded shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. The Goldman Sachs Group set a $85.00 price target on shares of Avis Budget Group in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Avis Budget Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $124.71.

Avis Budget Group Stock Up 6.4%

NASDAQ:CAR opened at $148.45 on Friday. Avis Budget Group, Inc. has a 52 week low of $62.17 and a 52 week high of $212.81. The stock’s 50-day moving average price is $110.42 and its 200-day moving average price is $130.08. The stock has a market capitalization of $5.23 billion, a PE ratio of -5.85 and a beta of 2.32.

Avis Budget Group Profile

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.