Lynn Krominga Sells 1,405 Shares of Avis Budget Group, Inc. (NASDAQ:CAR) Stock

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) Director Lynn Krominga sold 1,405 shares of Avis Budget Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the transaction, the director now directly owns 1,950 shares of the company's stock, valued at $185,250. The trade was a 41.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $95.00, for a total transaction of $62,795.00.

Avis Budget Group Trading Down 0.4 %

Shares of CAR traded down $0.39 during trading hours on Monday, reaching $86.71. 413,677 shares of the company traded hands, compared to its average volume of 639,058. The stock's fifty day moving average price is $87.16 and its 200 day moving average price is $88.18. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -1.67 and a beta of 2.26. Avis Budget Group, Inc. has a 12-month low of $65.73 and a 12-month high of $132.25.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Avis Budget Group in the fourth quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Avis Budget Group by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider's stock worth $27,000 after buying an additional 183 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in Avis Budget Group by 198.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider's stock worth $32,000 after acquiring an additional 240 shares during the period. Nisa Investment Advisors LLC raised its position in Avis Budget Group by 293.3% during the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider's stock valued at $36,000 after acquiring an additional 305 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Avis Budget Group by 41.0% in the fourth quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider's stock valued at $55,000 after acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft cut 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. StockNews.com upgraded shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on shares of 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. Finally, Northcoast Research downgraded Avis Budget Group from a "buy" rating to a "neutral" rating in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $133.75.

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.