Avis Budget Group, Inc. (NASDAQ:CAR – Get Rating) has received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $193.40.

CAR has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Avis Budget Group from $140.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, August 4th. Barclays dropped their price objective on Avis Budget Group from $223.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 5th. StockNews.com cut Avis Budget Group from a "buy" rating to a "hold" rating in a research note on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Avis Budget Group from $184.00 to $229.00 in a research note on Wednesday, August 3rd.

Insider Activity

In other news, Director Glenn Lurie sold 1,474 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $178.94, for a total transaction of $263,757.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 37.30% of the company's stock.

Institutional Investors Weigh In On Avis Budget Group

Avis Budget Group Stock Up 7.0 %

Shares of CAR opened at $155.95 on Thursday. Avis Budget Group has a 12-month low of $114.51 and a 12-month high of $545.11. The business's fifty day moving average is $167.80 and its 200 day moving average is $200.00. The stock has a market cap of $7.50 billion, a P/E ratio of 3.67 and a beta of 2.13.

Avis Budget Group (NASDAQ:CAR – Get Rating) last issued its earnings results on Monday, August 1st. The business services provider reported $15.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.22 by $3.72. Avis Budget Group had a negative return on equity of 477.68% and a net margin of 21.02%. The company had revenue of $3.24 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same period last year, the business earned $5.90 EPS. Avis Budget Group's quarterly revenue was up 36.8% compared to the same quarter last year. On average, analysts expect that Avis Budget Group will post 47.02 EPS for the current year.

About Avis Budget Group

(Get Rating)

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.

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