Avis Budget Group Inc. (NASDAQ:CAR) insider Ronald L. Nelson sold 100,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.90, for a total value of $4,090,000.00. Following the transaction, the insider now directly owns 360,714 shares in the company, valued at approximately $14,753,202.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Avis Budget Group Inc. (NASDAQ CAR) opened at $42.70 on Thursday. Avis Budget Group Inc. has a 1 year low of $20.71 and a 1 year high of $43.32. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $3,351.31, a P/E ratio of 15.77 and a beta of 2.53.
Avis Budget Group (NASDAQ:CAR) last posted its earnings results on Monday, November 6th. The business services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $2.99 by $0.11. Avis Budget Group had a return on equity of 95.28% and a net margin of 1.26%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the firm earned $2.47 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities analysts anticipate that Avis Budget Group Inc. will post 2.65 earnings per share for the current year.
CAR has been the topic of a number of research reports. BidaskClub upgraded Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday. ValuEngine upgraded Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Monday. Northcoast Research reiterated a “buy” rating on shares of Avis Budget Group in a research report on Tuesday, November 7th. B. Riley initiated coverage on Avis Budget Group in a research report on Friday, September 22nd. They set a “buy” rating and a $36.00 price target on the stock. Finally, Zacks Investment Research upgraded Avis Budget Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.70.
Avis Budget Group Company Profile
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.
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