Avis Budget Group, Inc. (CAR) Files Form 4 Insider Selling : Investment Management, Llc Srs Sells 500,000 Shares

Avis Budget Group, Inc. (CAR): Investment Management, Llc Srs , 10% owner of Avis Budget Group, Inc. sold 500,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $25.40 per share for a total value of $127 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, W Alun Cathcart (director) purchased 20,000 shares at $25.06 per share price.On Feb 26, 2016, Eduardo G Mestre (director) purchased 20,000 shares at $23.77 per share price.Also, On Dec 14, 2015, Ronald L Nelson (Chairman and CEO) sold 40,000 shares at $34.79 per share price.On Nov 16, 2015, Jeffrey H Fox (director) purchased 10,000 shares at $40.65 per share price.

Avis Budget Group: On Friday, May 6, 2016 heightened volatility was witnessed in Avis Budget Group which led to swings in the share price. The shares opened for trading at $25.2 and hit $26.2 on the upside , eventually ending the session at $26.16, with a gain of 2.99% or 0.76 points. The heightened volatility saw the trading volume jump to 26,20,602 shares. The 52-week high of the share price is $56.56 and the company has a market cap of $2,474 M . The 52-week low of the share price is at $21.7299.

Avis Budget Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Avis Budget Group is Initiated by Sterne Agee CRT to Buy. The Rating was issued on Mar 22, 2016.Avis Budget Group is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 38 from a previous price target of $63 . The Rating was issued on Feb 25, 2016.Avis Budget Group is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 29 from a previous price target of $35 . The Rating was issued on Feb 25, 2016.Avis Budget Group is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 46 from a previous price target of $48 . The Rating was issued on Feb 25, 2016.Avis Budget Group is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 35 from a previous price target of $48 . The Rating was issued on Feb 22, 2016.

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 is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless a car rental brand and Apex which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada as well as ancillary products and services. International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products in Europe the Middle East Africa Asia South America Central America the Caribbean Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

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Avis Budget Group - Is it time to Sell?

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