Today, the EVP HR of Avis Budget (NASDAQ: CAR), Edward Linnen, sold shares of CAR for $225.6K.
Following Edward Linnen’s last CAR Sell transaction on August 31, 2017, the stock climbed by 8.2%. In addition to Edward Linnen, 2 other CAR executives reported Sell trades in the last month.
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Based on Avis Budget’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.97 billion and GAAP net loss of $87 million. In comparison, last year the company earned revenue of $1.84 billion and had a GAAP net loss of $107 million. CAR’s market cap is $3.6B and the company has a P/E ratio of 9.79. Currently, Avis Budget has an average volume of 4.2M.
Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $41.00, reflecting a 6.0% upside.
The insider sentiment on Avis Budget has been positive according to 88 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services.
