Avis Budget Group, Inc. (NASDAQ:CAR) Director Sells $133,475.00 in Stock

Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga sold 1,405 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the completion of the sale, the director now directly owns 1,950 shares of the company’s stock, valued at approximately $185,250. The trade was a 41.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, Lynn Krominga sold 661 shares of Avis Budget Group stock. The stock was sold at an average price of $95.00, for a total value of $62,795.00.

Avis Budget Group Stock Down 7.2 %

Shares of CAR stock opened at $87.10 on Friday. Avis Budget Group, Inc. has a 12 month low of $65.73 and a 12 month high of $132.25. The firm has a market cap of $3.06 billion, a PE ratio of -1.68 and a beta of 2.26. The stock has a 50 day moving average of $87.16 and a 200-day moving average of $88.17.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) EPS 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%. As a group, equities analysts predict that Avis Budget Group, Inc. will post 8.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAR shares. Deutsche Bank Aktiengesellschaft decreased their target price on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Northcoast Research cut Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Avis Budget Group by 4.0% in the third quarter. FMR LLC now owns 3,354,546 shares of the business services provider’s stock valued at $293,825,000 after purchasing an additional 129,805 shares in the last quarter. State Street Corp raised its stake in shares of Avis Budget Group by 2.5% in the third quarter. State Street Corp now owns 672,227 shares of the business services provider’s stock valued at $58,880,000 after purchasing an additional 16,221 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Avis Budget Group by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 592,341 shares of the business services provider’s stock valued at $51,883,000 after purchasing an additional 2,561 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Avis Budget Group by 93.2% in the fourth quarter. Nomura Holdings Inc. now owns 490,473 shares of the business services provider’s stock valued at $39,537,000 after purchasing an additional 236,576 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of 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 valued at $421,350,000 after purchasing an additional 478,552 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.