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

Avis Budget Group, Inc. (NASDAQ:CAR) Director Lynn Krominga sold 1,405 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $95.00, for a total value of $133,475.00. Following the transaction, the director now owns 1,950 shares in the company, valued at approximately $185,250. This trade represents a 41.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 0.1 %

Shares of CAR stock opened at $94.14 on Friday. The business has a 50-day moving average price of $87.26 and a two-hundred day moving average price of $88.13. 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) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Avis Budget Group, Inc. will post 8.91 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in Avis Budget Group in the fourth quarter worth about $5,005,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Avis Budget Group by 8.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,777 shares of the business services provider’s stock valued at $4,496,000 after buying an additional 4,286 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Avis Budget Group during the fourth quarter valued at approximately $387,000. Two Sigma Advisers LP raised its holdings in Avis Budget Group by 162.9% in the 4th quarter. Two Sigma Advisers LP now owns 18,400 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 11,400 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Avis Budget Group by 53.1% in the 4th quarter. Two Sigma Investments LP now owns 104,909 shares of the business services provider’s stock valued at $8,457,000 after acquiring an additional 36,393 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their price target 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. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Northcoast Research lowered Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Avis Budget Group currently has an average rating of “Hold” and an average target price of $133.75.

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.