Avis Budget Group (NASDAQ:CAR) Shares Up 5.5% – Here’s What Happened

21 Mar 2025, 15:33 by Teresa Graham · The Cerbat Gem

Avis Budget Group, Inc. (NASDAQ:CAR – Get Free Report) was up 5.5% during trading on Friday . The company traded as high as $60.64 and last traded at $61.11. Approximately 486,903 shares changed hands during trading, a decline of 29% from the average daily volume of 689,095 shares. The stock had previously closed at $57.92.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $133.75.

View Our Latest Research Report on CAR

Avis Budget Group Trading Up 5.0 %

The company has a market cap of $2.14 billion, a P/E ratio of -1.17 and a beta of 2.37. The company’s 50-day moving average price is $82.30 and its two-hundred day moving average price is $86.05.

Avis Budget Group (NASDAQ:CAR – Get Free Report) last announced its quarterly earnings data 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 return on equity of 14.74% and a negative net margin of 15.45%. As a group, analysts anticipate that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

Insider Transactions at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $95.00, for a total value of $133,475.00. Following the sale, the director now directly owns 1,950 shares of the company’s stock, valued at $185,250. This trade represents a 41.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 52.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in Avis Budget Group by 23.2% in the 3rd quarter. Victory Capital Management Inc. now owns 12,078 shares of the business services provider’s stock worth $1,058,000 after buying an additional 2,276 shares in the last quarter. Royce & Associates LP bought a new position in shares of Avis Budget Group in the third quarter worth $217,000. Massachusetts Financial Services Co. MA raised its stake in shares of Avis Budget Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 592,341 shares of the business services provider’s stock valued at $51,883,000 after purchasing an additional 2,561 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Avis Budget Group by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 185,801 shares of the business services provider’s stock valued at $16,274,000 after purchasing an additional 17,666 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in Avis Budget Group by 10.2% in the third quarter. Great Valley Advisor Group Inc. now owns 18,659 shares of the business services provider’s stock worth $1,635,000 after purchasing an additional 1,725 shares during the period. Institutional investors own 96.35% of the company’s stock.

Avis Budget Group Company Profile

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