The Avis Budget Group, Inc. (CAR) Set to Announce Earnings on Wednesday, Report finds

The Avis Budget Group, Inc. (CAR) Set to Announce Earnings on Wednesday, Report finds

Avis Budget Group, Inc. (NASDAQ:CAR) opened at 37.63 on Monday. The firm has a market capitalization of $3.31 billion, a PE ratio of 19.23 and a beta of 2.03. The company’s 50-day moving average price is $37.13 and its 200 day moving average price is $36.54. Avis Budget Group, Inc. has a 12 month low of $21.73 and a 12 month high of $41.53.

Avis Budget Group, Inc. (NASDAQ:CAR) is set to post its Q416 quarterly earnings results on Wednesday, February 15th. Analysts expect Avis Budget Group to post earnings of $0.17 per share and revenue of $1.96 billion for the quarter.

In other Avis Budget Group news, EVP Michael K. Tucker sold 2,439 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $39.05, for a total transaction of $95,242.95. Following the completion of the sale, the executive vice president now directly owns 58,210 shares of the company’s stock, valued at approximately $2,273,100.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stender E. Sweeney sold 803 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $38.34, for a total value of $30,787.02. Following the sale, the director now directly owns 603 shares of the company’s stock, valued at $23,119.02. The disclosure for this sale can be found here. Insiders have sold a total of 153,242 shares of company stock valued at $5,976,030 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Several research analysts have recently weighed in on the company. Credit Suisse Group reissued a “buy” rating and issued a $44.00 price objective on shares of Avis Budget Group in a research report on Wednesday, November 16th. Morgan Stanley lifted their price objective on Avis Budget Group from $20.00 to $27.00 and gave the stock an “underweight” rating in a research report on Friday, November 18th. TheStreet raised Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Monday, November 28th. Zacks Investment Research raised Avis Budget Group from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, January 4th. Finally, MKM Partners set a $47.00 price objective on Avis Budget Group and gave the stock a “buy” rating in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Avis Budget Group presently has an average rating of “Hold” and an average target price of $36.71.

Avis Budget Group Company Profile

Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia.

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