CAR - Avis Budget chairman buys ~$4.9M in company shares

Avis Budget Group (NASDAQ:CAR) has disclosed a $4.9M share purchase by executive chairman Bernardo Hees. Hees purchased 26,000 shares of the company's common stock at $189.53 - $189.93 price range in a transaction dated May 18, 2022. Earlier today, Hedgeye fired off a new best idea short call on Avis Budget (CAR). Hedgeye sees shares of CAR underperforming by more than 50% as the current macro environment and disinflation accompanies receding pandemic pressures into the early part of 2023. Shares are up ~5% currently and have surged 117.66% over the past year.

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Avis Budget chairman buys ~$4.9M in company shares