Insider Selling: Avis Budget Group, Inc. (NASDAQ:CAR) Director Sells 661 Shares of Stock

Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga sold 661 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $95.00, for a total value of $62,795.00. Following the sale, the director now directly owns 3,355 shares in the company, valued at $318,725. The trade was a 16.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 0.1 %

Shares of CAR stock opened at $94.14 on Friday. Avis Budget Group, Inc. has a 1 year low of $65.73 and a 1 year high of $132.25. The stock has a fifty day moving average price of $87.26 and a 200 day moving average price of $88.13.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts forecast that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dupree Financial Group LLC acquired a new position in Avis Budget Group during the 3rd quarter worth $2,611,000. Lecap Asset Management Ltd. lifted its position in Avis Budget Group by 40.8% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,862 shares of the business services provider’s stock worth $1,652,000 after buying an additional 5,466 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Avis Budget Group by 19,203.5% in 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 buying an additional 478,552 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of Avis Budget Group by 198.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock worth $32,000 after buying an additional 240 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Avis Budget Group by 293.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock valued at $36,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CAR shares. Northcoast Research cut Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped 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. Deutsche Bank Aktiengesellschaft decreased their target price on 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. StockNews.com upgraded Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group raised their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $133.75.

About Avis Budget Group

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.