Jean M. Sera sells 4,172 shares of Avis Budget Group, Inc. (NASDAQ: CAR)

Avis Budget Group, Inc. (NASDAQ:CARGet a rating) SVP Jean M. Sera sold 4,172 shares in a trade dated Thursday, November 3. The stock was sold at an average price of $234.75, for a total transaction of $979,377.00. Following the transaction, the senior vice president now directly owns 18,535 shares of the company, valued at approximately $4,351,091.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.

Avis Budget Group grew by 0.9%

SELF traded at $2.11 during Friday trading hours, hitting $231.86. The company’s stock had a trading volume of 479,160 shares, compared to an average trading volume of 1,024,421 shares. Avis Budget Group, Inc. has a fifty-two week minimum of $131.83 and a fifty-two week maximum of $327.80. The company has a 50-day simple moving average of $176.70 and a 200-day simple moving average of $186.91. The company has a market capitalization of $9.61 billion, a PE ratio of 4.21 and a beta of 2.26.

Avis Budget Group (NASDAQ:CARGet a rating) last released its quarterly results on Tuesday, November 1. The business services provider reported EPS of $21.70 for the quarter, beating analyst consensus estimates of $14.64 from $7.06. The company posted revenue of $3.55 billion for the quarter, versus analyst estimates of $3.54 billion. Avis Budget Group recorded a negative return on equity of 452.53% and a net margin of 23.09%. The company’s quarterly revenue increased by 18.2% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $10.74. Research analysts expect Avis Budget Group, Inc. to post earnings per share of 46.7 for the current fiscal year.

Analyst upgrades and downgrades

CAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Avis Budget Group from a “neutral” rating to an “overweight” rating and raised its price target for the company from $230.00 to $231.00 in a Monday 24 report. october. began covering Avis Budget Group shares in a research report on Wednesday, October 12. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised its price target on Avis Budget Group shares from $218.00 to $233.00 in a Wednesday research report. Jefferies Financial Group cut shares of Avis Budget Group to a “buy” rating and reduced its target price for the stock from $309.00 to $270.00 in a Tuesday, October 25 report. Finally, Morgan Stanley raised its price target on Avis Budget Group from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday. Two equity research analysts gave the stock a sell rating, three issued a hold rating and two gave the company a buy rating. According to data from, Avis Budget Group currently has an average rating of “Hold” and an average price target of $215.33.

Institutional negotiation of the Avis Budget group

A number of institutional investors have recently changed their positions in the CAR. Inspire Investing LLC acquired a new stake in Avis Budget Group in the first quarter worth approximately $236,000. Strs Ohio increased its position in Avis Budget Group shares by 1.1% during the first quarter. Strs Ohio now owns 9,000 shares of the business services provider valued at $2,369,000 after purchasing an additional 100 shares during the period. Truist Financial Corp increased its stake in shares of Avis Budget Group by 7.9% in the first quarter. Truist Financial Corp now owns 1,393 shares of the business services provider worth $367,000 after buying 102 more shares last quarter. Pendal Group Ltd acquired a new stake in shares of Avis Budget Group in the first quarter worth $314,000. Finally, Bailard Inc. increased its stake in Avis Budget Group by 9.1% during the first quarter. Bailard Inc. now owns 1,200 shares of the business services provider valued at $316,000 after buying an additional 100 shares last quarter. 98.69% of the shares are held by institutional investors and hedge funds.

Avis Budget Group Company Profile

(Get a rating)

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rental, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, which provides vehicle rental and other mobility solutions to the premium business and leisure segments of the travel industry; the Budget Truck brand, a local one-way truck and van rental company with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated locations and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car-sharing network.

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