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Avis Budget (CAR) Gets a Hold from Susquehanna

Tipranks - Tipranks - Sat May 9, 8:12AM CDT

Susquehanna analyst maintained a Hold rating on Avis Budget today and set a price target of $140.00.

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In addition to Susquehanna, Avis Budget also received a Hold from Deutsche Bank ‘s Chris Woronka in a report issued on May 1. However, on May 5, Barclays maintained a Sell rating on Avis Budget (NASDAQ: CAR).

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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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