--- title: "Avis Budget Group (NASDAQ:CAR) EVP Sells $638,608.21 in Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/284884498.md" description: "Avis Budget Group EVP Ravi Simhambhatla sold 3,469 shares of stock for $638,608.21 on April 30th, reducing his ownership by 20%. Post-sale, he holds 13,876 shares valued at $2,554,432.84. The stock opened at $180.67, with a 12-month range of $85.96 to $847.70. The company reported a quarterly EPS of ($8.01), missing estimates, but revenue increased by 4.1% year-over-year. Institutional investors own 96.35% of the stock, with recent modifications in holdings. Analyst ratings vary, with several downgrades noted." datetime: "2026-05-01T10:22:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284884498.md) - [en](https://longbridge.com/en/news/284884498.md) - [zh-HK](https://longbridge.com/zh-HK/news/284884498.md) --- # Avis Budget Group (NASDAQ:CAR) EVP Sells $638,608.21 in Stock Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) EVP Ravi Simhambhatla sold 3,469 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $184.09, for a total value of $638,608.21. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at $2,554,432.84. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. ## Avis Budget Group Stock Down 0.3% - Avis Short Squeeze Shocked the Market: Are These 3 Stocks Next? Shares of CAR opened at $180.67 on Friday. Avis Budget Group, Inc. has a 12-month low of $85.96 and a 12-month high of $847.70. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -9.48 and a beta of 1.94. The stock's 50-day moving average price is $197.79 and its 200 day moving average price is $154.39. Avis Budget Group (NASDAQ:CAR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported ($8.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.82) by ($1.19). The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the company earned ($14.35) EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Avis Budget Group, Inc. will post 3.87 EPS for the current year. ## Institutional Investors Weigh In On Avis Budget Group * * * * * * - The Trade Desk: Down 75%, But a Reversal May Be Near Several large investors have recently modified their holdings of the stock. UBS Group AG grew its stake in shares of Avis Budget Group by 37.3% in the 4th quarter. UBS Group AG now owns 2,964,807 shares of the business services provider's stock valued at $380,444,000 after purchasing an additional 804,814 shares during the period. Morgan Stanley grew its stake in shares of Avis Budget Group by 38.1% in the 4th quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider's stock valued at $253,519,000 after purchasing an additional 545,574 shares during the period. National Bank of Canada FI grew its stake in shares of Avis Budget Group by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 1,290,000 shares of the business services provider's stock valued at $207,142,000 after purchasing an additional 409,761 shares during the period. ING Groep NV grew its stake in shares of Avis Budget Group by 440.2% in the 3rd quarter. ING Groep NV now owns 1,035,000 shares of the business services provider's stock valued at $166,195,000 after purchasing an additional 843,400 shares during the period. Finally, State Street Corp grew its stake in shares of Avis Budget Group by 1.0% in the 2nd quarter. State Street Corp now owns 713,127 shares of the business services provider's stock valued at $120,554,000 after purchasing an additional 7,318 shares during the period. 96.35% of the stock is currently owned by institutional investors. ## Analyst Ratings Changes Several brokerages recently issued reports on CAR. Morgan Stanley lowered their price target on Avis Budget Group from $142.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, March 6th. Weiss Ratings restated a "sell (d)" rating on shares of Avis Budget Group in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft lowered Avis Budget Group from a "buy" rating to a "hold" rating and set a $128.00 price objective on the stock. in a research note on Monday, April 6th. Zacks Research lowered Avis Budget Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 19th. Finally, Barclays lowered Avis Budget Group from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $95.00 to $150.00 in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, Avis Budget Group presently has an average rating of "Strong Sell" and an average price target of $124.00. - Avis, CarMax, and Carvana: 3 Car Stocks Sharply Diverge **View Our Latest Analysis on CAR** ## More Avis Budget Group News Here are the key news stories impacting Avis Budget Group this week: - Positive Sentiment: Q1 revenue beat and improving regional trends — Avis reported revenue of $2.53B, above consensus, and Americas revenue grew (the first y/y growth since 2023), which supports recovery in core demand. Avis Budget: Q1 Americas Revenue Up, First Growth Since '23 - Neutral Sentiment: Legal/trading developments remain unresolved — the company disclosed a trading dispute with a hedge fund tied to the recent squeeze (Avis says the fund owes it money); the outcome could move the stock but timing and size are uncertain. A Wild Short Squeeze on Avis's Stock Takes Another Surprising Turn - Neutral Sentiment: Relative market action — Hertz rallied on an unrelated Uber robotaxi deal while Avis showed much smaller moves, highlighting that some peer catalysts aren’t helping CAR today. Hertz Gains 13% on Uber Robotaxi Deal While Avis Rises 2% - Negative Sentiment: EPS miss and stock reaction — Q1 EPS was a wider loss (‑$8.01 vs. est. ‑$6.82), which triggered sharp intraday selling and headline-driven volatility. Avis Budget Group Delivers Impressive Q1 CY2026 But Stock Drops - Negative Sentiment: Heavy insider/institutional selling — large block sales by Pentwater and other disclosures have pressured sentiment and increased supply. Pentwater Capital Management L Sells Shares - Negative Sentiment: Volatility signals and bearish flows — temporary trading halts (LULD pauses), a surge in put buying, and headlines about a dramatic short-squeeze reversal increase downside risk and trading unpredictability. Avis Shares Plunges After Mixed Q1 Results ## About Avis Budget Group (Get Free Report) Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers. The company's roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958. ## See Also - Five stocks we like better than Avis Budget Group _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at Avis Budget Group? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Avis Budget Group and related companies. From Our Partners ALERT: Drop these 5 stocks before the market opens tomorrow! The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc... Weiss Ratings SpaceX eyes a 1.75 trillion valuation - here's what to know Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a... Brownstone Research A 17-year investing experiment investigated in Dublin Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experi... Porter & Company Gold Set an All-Time High. But BlackRock & JPMorgan Are Buying This… Trump has signed a federal law mandating a complete overhaul of America's financial infrastructure onto a new ... Awesomely, LLC Sell 99% of Your Stocks, Do THIS Instead… Millionaire Trader Exposes: "The Single Stock Income Plan" With over 6,000 stocks on the market to choose ... The Oxford Club My feud with Zohran Mamdani Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac... Stansberry Research Your $29.97 book is free today Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca... Profits Run Trade this between 9:30 and 10:45 am EST The first 75 minutes of the trading day may be the most overlooked window for consistent opportunities.If you ... Base Camp Trading ### Related Stocks - [CAR.US](https://longbridge.com/en/quote/CAR.US.md) - [TTD.US](https://longbridge.com/en/quote/TTD.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [ING.US](https://longbridge.com/en/quote/ING.US.md) - [STT.US](https://longbridge.com/en/quote/STT.US.md) - [DBK.DE](https://longbridge.com/en/quote/DBK.DE.md) - [DB.US](https://longbridge.com/en/quote/DB.US.md) - [BARC.UK](https://longbridge.com/en/quote/BARC.UK.md) - [BCS.US](https://longbridge.com/en/quote/BCS.US.md) - [KMX.US](https://longbridge.com/en/quote/KMX.US.md) - [CVNA.US](https://longbridge.com/en/quote/CVNA.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [SPIN.US](https://longbridge.com/en/quote/SPIN.US.md) - [03KB.DE](https://longbridge.com/en/quote/03KB.DE.md) - [DPB.DE](https://longbridge.com/en/quote/DPB.DE.md) ## Related News & Research - [Assessing Avis Budget Group (CAR) Valuation As Consumer Car Sales Program Expands Into New States](https://longbridge.com/en/news/286893667.md) - [Avis stock falls again; investors see possible equity offering](https://longbridge.com/en/news/283868456.md) - [Avis erases what’s left of its 390% April gain on news that major holder dumped 4.3 million shares](https://longbridge.com/en/news/284587464.md) - [Avis Budget And Silver Airways Tie Up Adds Channel For CAR Investors](https://longbridge.com/en/news/285798616.md) - [Assessing Avis Budget Group (CAR) Valuation After Short Seller Report And Downgrade-Driven Selloff](https://longbridge.com/en/news/284138655.md)