Barclays Remains a Sell on Avis Budget (CAR)
Barclays analyst Dan Levy maintained a Sell rating on Avis Budget today and set a price target of $140.00.
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Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Rivian Automotive, and Ford Motor. According to TipRanks, Levy has an average return of 1.6% and a 39.73% success rate on recommended stocks.
In addition to Barclays, Avis Budget also received a Sell from J.P. Morgan’s Ryan Brinkman in a report issued on May 1. However, on the same day, Deutsche Bank maintained a Hold rating on Avis Budget (NASDAQ: CAR).
Based on Avis Budget’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.53 billion and a GAAP net loss of $283 million. In comparison, last year the company earned a revenue of $2.43 billion and had a GAAP net loss of $505 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAR in relation to earlier this year. Last month, Edward Linnen, the EVP HR of CAR sold 9,483.00 shares for a total of $1,728,900.15.
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