Insider Selling: Avis Budget Group (NASDAQ:CAR) EVP Sells $638,608.21 in Stock

Avis Budget Group, Inc. (NASDAQ:CAR) EVP Ravi Simhambhatla sold 3,469 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $184.09, for a total value of $638,608.21. Following the completion of the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at $2,554,432.84. The trade was a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Avis Budget Group Stock Performance

Shares of CAR stock opened at $185.55 on Friday. Avis Budget Group, Inc. has a fifty-two week low of $85.96 and a fifty-two week high of $847.70. The stock has a 50 day moving average price of $197.79 and a two-hundred day moving average price of $154.42. The company has a market capitalization of $6.56 billion, a P/E ratio of -9.74 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported ($8.01) earnings per share for the quarter, missing the consensus estimate of ($6.82) by ($1.19). The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm earned ($14.35) EPS. The business’s revenue was up 4.1% on a year-over-year basis. As a group, equities analysts predict that Avis Budget Group, Inc. will post 3.87 earnings per share for the current year.

Avis Budget Group News Roundup

Here are the key news stories impacting Avis Budget Group this week:

• Positive Sentiment: Q1 top-line beat and improving Americas demand — Avis reported revenue of $2.53B, above consensus, and Americas revenue showed its first year-over-year growth since 2023, supporting a recovery narrative. Read More.
• Neutral Sentiment: Ongoing trading/legal dispute tied to the recent short‑squeeze — Avis says a hedge fund owes it money; outcome uncertain but could move the stock if resolved. Read More.
• Neutral Sentiment: Analyst stance mixed — Jefferies reaffirmed a “hold” and raised its PT to $160 (still below the stock), signaling cautious steadiness rather than a clear buy signal. Read More.
• Neutral Sentiment: Relative peer action — Hertz jumped after an unrelated Uber robotaxi deal while Avis’s move was modest, showing some catalysts are idiosyncratic to peers. Read More.
• Negative Sentiment: Analyst downgrade from JPMorgan — JPM lowered its price target to $140 and moved to an “underweight” stance, signaling ~24% downside from current levels and adding selling pressure. Read More.
• Negative Sentiment: Q1 EPS miss — the company posted a wider loss (‑$8.01 vs. est. ‑$6.82), which triggered headline‑driven selling and contributed to intraday volatility. Read More.
• Negative Sentiment: Significant insider/institutional selling — recent EVP sales (Ravi Simhambhatla and Edward Linnen) and a major shareholder block sale (~$1.47M) have increased share supply and pressured sentiment. SEC filing for Ravi Simhambhatla: Read More.; major holder sale coverage: Read More.
• Negative Sentiment: Heightened volatility and bearish flows — trading halts, a surge in put buying and headlines about short‑squeeze reversals increase downside risk and make trading unpredictable. Read More.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Avis Budget Group in a research report on Wednesday, January 21st. Barclays downgraded Avis Budget Group from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $95.00 to $150.00 in a research report on Monday, April 20th. JPMorgan Chase & Co. lowered their price objective on Avis Budget Group from $165.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday. Wall Street Zen upgraded Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price objective (up from $112.00) on shares of Avis Budget Group in a research report on Friday. Four analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of $125.00.

Hedge Funds Weigh In On Avis Budget Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators raised its holdings in shares of Avis Budget Group by 102.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 174 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Avis Budget Group by 1,845.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 203 shares in the last quarter. Quarry LP bought a new position in shares of Avis Budget Group during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in shares of Avis Budget Group during the fourth quarter valued at approximately $32,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Avis Budget Group by 136.4% during the third quarter. Hantz Financial Services Inc. now owns 253 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

About Avis Budget Group

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.