Avis Budget Group (CAR) Set to Announce Quarterly Earnings on Wednesday

Avis Budget Group (NASDAQ:CAR) will release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Avis Budget Group to post earnings of $0.20 per share for the quarter.

Avis Budget Group (CAR) opened at $40.02 on Monday. The company has a debt-to-equity ratio of 35.24, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $3,258.49, a P/E ratio of 29.64 and a beta of 2.45. Avis Budget Group has a twelve month low of $20.71 and a twelve month high of $49.41.

In other news, SVP David T. Calabria sold 1,250 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $41.71, for a total transaction of $52,137.50. Following the completion of the transaction, the senior vice president now directly owns 4,412 shares in the company, valued at $184,024.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO W Scott Deaver sold 40,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $39.05, for a total value of $1,562,000.00. Following the transaction, the chief marketing officer now owns 125,674 shares of the company’s stock, valued at $4,907,569.70. The disclosure for this sale can be found here. Insiders have sold 463,750 shares of company stock valued at $18,702,638 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

A number of equities analysts have issued reports on CAR shares. Zacks Investment Research downgraded Avis Budget Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BidaskClub downgraded Avis Budget Group from a “strong-buy” rating to a “buy” rating in a report on Friday, November 3rd. TheStreet upgraded Avis Budget Group from a “c” rating to a “b-” rating in a report on Friday, November 10th. Deutsche Bank decreased their price objective on Avis Budget Group from $49.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, ValuEngine downgraded Avis Budget Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Avis Budget Group has an average rating of “Hold” and a consensus price target of $37.30.

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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 and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

Earnings History for Avis Budget Group (NASDAQ:CAR)

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