Avis Budget Group (CAR) News Today

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 74.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,296 shares of the business services provider's stock after s

State Board of Administration of Florida Retirement System boosted its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 55.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,950 shares of t

Swiss National Bank lowered its stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,700 shares of the business se

Avis Budget Group (NASDAQ:CAR) Stock Price Down 5.6%

BNP Paribas Financial Markets reduced its holdings in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 47.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,030 shares of the business services provider's stock a

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 3,010,000 shares, a decrease of 9.6% from the June 15th total of 3,330,000 shares. Based on an average daily trading volume, of 687,800 shares, the short-interest ratio is presently 4.4 days. Approximately 8.7% of the shares of the company are sold short.

Susquehanna Fundamental Investments LLC acquired a new stake in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 42,406 shares of the business services provider's stock,

Avis Budget Group (NASDAQ:CAR) Shares Down 2.1% on Analyst Downgrade

The Goldman Sachs Group dropped their price objective on Avis Budget Group from $140.00 to $120.00 and set a "neutral" rating on the stock in a research note on Wednesday.

Capstone Investment Advisors LLC purchased a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 8,726 shares of the business services provider's stock, valued at approximately $1,069,00

StockNews.com cut shares of Avis Budget Group from a "hold" rating to a "sell" rating in a research note on Saturday.

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rat

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,330,000 shares, a growth of 8.1% from the May 31st total of 3,080,000 shares. Approximately 9.6% of the company's shares are sold short. Based on an average trading volume of 715,700 shares, the short-interest ratio is currently 4.7 days.

Vanguard Group Inc. lessened its holdings in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,822,774 shares of the business services provider's stock after selling

International Assets Investment Management LLC decreased its position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 96.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,192 shares of the business services provider's s

StockNews.com cut Avis Budget Group from a "hold" rating to a "sell" rating in a research report on Wednesday.

StockNews.com raised shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research note on Tuesday.

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 3,080,000 shares, a decline of 13.2% from the May 15th total of 3,550,000 shares. Based on an average daily trading volume, of 716,700 shares, the days-to-cover ratio is presently 4.3 days. Approximately 8.9% of the company's shares are short sold.

Par Capital Management Inc. lifted its holdings in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 848,959 shares of the business services provider's stock after acquiring an additiona

Cobalt Capital Management Inc. decreased its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 51.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the business services prov

Avis Budget Group (NASDAQ:CAR) Stock Price Up 8.7%

Cibc World Markets Corp acquired a new position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 60,000 shares of the business services provider's stock, valued at approximate

Norges Bank acquired a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 170,564 shares of the business services provider's stock, valued a

Hsbc Holdings PLC boosted its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 403,279 shares of the business services provider's stock after buyin

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Stock analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for Avis Budget Group in a research note issued on Wednesday, May 22nd. Zacks Research analyst S. Dey now expects that the business services provider will pos

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Investment analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for shares of Avis Budget Group in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst S. Dey now expect

Mizuho Markets Americas LLC purchased a new position in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,805 shares of the business services provider's

Massachusetts Financial Services Co. MA grew its position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 47.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 327,275 shares of the business services provider's stock after acquiring an additional 105

Swiss National Bank lessened its stake in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,000 shares of the business services provider's stock after selli

International Assets Investment Management LLC purchased a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 69,486 shares of the business services provider

National Bank of Canada FI lessened its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,000 shares of the business services

Great Valley Advisor Group Inc. increased its position in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 197.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,180 shares of the business services provid

Avis Budget Group (NASDAQ:CAR) Shares Gap Up to $94.75

Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,540,000 shares, an increase of 7.6% from the March 31st total of 3,290,000 shares. Approximately 10.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 882,600 shares, the days-to-cover ratio is currently 4.0 days.

Avis Budget Group (NASDAQ:CAR - Get Free Report) released its earnings results on Wednesday. The business services provider reported ($3.21) EPS for the quarter, missing the consensus estimate of ($2.65) by ($0.56). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.41 billion. Avis Budget Group had a net margin of 13.59% and a negative return on equity of 696.69%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $7.72 EPS.

Bank of America lowered their target price on Avis Budget Group from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday.