CAR News and Press, Avis Budget Group Inc. From 03/24/21

Entertainment and leisure stocks have been extremely hot in 2021 as investors bet that there's going to be a big jump in consumer spending as the pandemic slows and businesses reopen this summer. Three of the market's biggest winners so far in 2021 have been AMC Entertainment Holdings...

The stock price of Avis Budget Group has soared 5x over the last 12 months. They were able to avoid bankruptcy partially because of the terms of their monthly lease payments to their ABS entity. A prospectus to sell 10 million shares was filed to take advantage of the high stock p...

Marker Therapeutics (MRKR) is trading 27.8% higher premarket after the company disclosed in regulatory filings that CEO Peter L. Hoang bought $250K worth of shares, Chief Development Officer Juan Vera bought ~$1M of shares and board members John Robert Wilson and Steven El...

Morgan Stanley moves to an Equal-weight rating on Avis Budget Group (CAR) from Overweight on what it sees as a balanced risk-reward profile. "Following the strong performance of CAR alongside the increases in consensus earnings estimates in outer years, we believe that the market has now pric...

Influential Investors can create defining moments in a stock's price, by simply making large buy and sell decisions, and Avis Budget Group (NYSE: CAR) is no exception.  Pivot points in a chart pattern are often created by these events, and as we have learned this does not require i...

Glenview Capital Management’s 13F portfolio value increased from $3.19B to $4.36B this quarter. The number of positions increased from 45 to 54. They increased Lyft Inc. & Boston Scientific while reducing Meritor and Hologic during the quarter. The top three stakes are ...

Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., wholly-owned subsidiaries of Avis Budget Group (CAR) has priced upsized private offering of $500M (from $350M) of 4.75% senior unsecured notes notes due April 1, 2028 at par.Offering is expected to close on March 23, 2021, subjec...

PARSIPPANY, N.J., March 09, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced an offer...

Morgan Stanley gives the rally in Avis Budget Group (CAR) some more room to run. "Avis has had a tremendous run since the March 2020 lows, up over 700%. Given the strong run, we summarize some reasons for and against staying long. Overall, we remain convicted and subsequently raise our PT to ...

Avis Budget's (CAR) wholly-owned subsidiaries, Avis Budget Car Rental and Avis Budget Finance, plan to offer $350M principal amount of senior notes due 2028 in a private offering.Net proceeds along with cash on hand to be used for redeeming all of the issuers' outstanding 6.375% senior notes ...