Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga Sells 661 Shares

Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga sold 661 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 3,355 shares in the company, valued at approximately $318,725. This represents a 16.46 % decrease in their position. The transaction was disclosed in a filing 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 value of $133,475.00.

Avis Budget Group Stock Performance

Shares of CAR stock opened at $87.10 on Friday. Avis Budget Group, Inc. has a 52 week low of $65.73 and a 52 week high of $132.25. The company’s 50 day moving average price is $87.16 and its two-hundred day moving average price is $88.15. The company has a market capitalization of $3.06 billion, a P/E ratio of -1.68 and a beta of 2.26.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings data 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 net margin of 15.45% and a negative return on equity of 14.74%. Analysts forecast that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAR has been the topic of several analyst reports. StockNews.com upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Northcoast Research lowered shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $133.75.

Institutional Trading of Avis Budget Group

Institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in Avis Budget Group in the 4th quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Avis Budget Group by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings 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 valued at $32,000 after purchasing an additional 240 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Avis Budget Group by 293.3% in the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock worth $36,000 after purchasing an additional 305 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Avis Budget Group by 41.0% during the fourth quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider’s stock worth $55,000 after purchasing an additional 198 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.

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.