The EC of Avis Budget (NASDAQ: CAR) is Selling Shares

By Carrie Williams

Today, the EC of Avis Budget (NASDAQ: CAR), Ronald L. Nelson, sold shares of CAR for $5.85M.

In addition to Ronald L. Nelson, 13 other CAR executives reported Sell trades in the last month.

Based on Avis Budget’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.66 billion and quarterly net profit of $209 million. In comparison, last year the company earned revenue of $2.58 billion and had a net profit of $184 million. The company has a one year high of $40.25 and a one year low of $21.73. CAR’s market cap is $3.4B and the company has a P/E ratio of 18.41.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $37.00, reflecting a 4.9% upside.

In the last 30 days, insiders have sold $6.75M worth of CAR shares and purchased $92.14K worth of CAR shares. The insider sentiment on Avis Budget has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

Avis Budget Group, Inc. provides a complete range of vehicle rental and car sharing services through various brands such as Avis, Budget and Zipcar. The company operates its business through following segments: America and International. The America segment provides and licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean. The International segment provides and licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand. Avis Budget Group was founded on August 23, 2006 and is headquartered in Parsippany, NJ.