Insider Selling: Avis Budget Group, Inc. (NASDAQ:CAR) Director Sells $62,795.00 in Stock

Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga sold 661 shares of Avis Budget Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $95.00, for a total transaction of $62,795.00. Following the sale, the director now directly owns 3,355 shares in the company, valued at approximately $318,725. The trade was a 16.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lynn Krominga also recently made the following trade(s):

• On Thursday, February 20th, Lynn Krominga sold 1,405 shares of Avis Budget Group stock. The shares were sold at an average price of $95.00, for a total transaction of $133,475.00.

Avis Budget Group Stock Down 7.2 %

Shares of NASDAQ CAR opened at $87.10 on Friday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -1.68 and a beta of 2.26. Avis Budget Group, Inc. has a 52-week low of $65.73 and a 52-week high of $132.25. The business’s 50 day moving average is $87.16 and its two-hundred day moving average is $88.17.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%. Analysts anticipate that Avis Budget Group, Inc. will post 8.91 EPS for the current fiscal year.

Institutional Trading of Avis Budget Group

A number of large investors have recently modified their holdings of CAR. Dupree Financial Group LLC purchased a new stake in shares of Avis Budget Group during the third quarter worth $2,611,000. Lecap Asset Management Ltd. increased its position in shares of Avis Budget Group by 40.8% during the third quarter. Lecap Asset Management Ltd. now owns 18,862 shares of the business services provider’s stock worth $1,652,000 after acquiring an additional 5,466 shares during the period. International Assets Investment Management LLC increased its position in shares of Avis Budget Group by 19,203.5% during the third quarter. International Assets Investment Management LLC now owns 481,044 shares of the business services provider’s stock worth $421,350,000 after acquiring an additional 478,552 shares during the period. Strategic Investment Solutions Inc. IL increased its position in shares of Avis Budget Group by 198.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock worth $32,000 after acquiring an additional 240 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Avis Budget Group by 293.3% during the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock worth $36,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CAR shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Northcoast Research lowered shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. The Goldman Sachs Group lifted their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Avis Budget Group currently has a consensus rating of “Hold” and an average target price of $133.75.

Avis Budget Group Company Profile

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.