Tuesday, October 31, 2017 10:15 PM ET
Significant Insider Selling Continues at Avis Budget Group (CAR)
There was a substantial sale of shares of Avis Budget Group by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Larry D De Shon, Director and Officer — disposed of 25,000 shares in the company having a market value of approximately $1,050,000. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 434,800 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 459,800 shares and have averaged 76,633 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Avis Budget Group is greater than the 5-company peer group average. Passenger Car rental peer group saw 10 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Avis Budget Group insiders was also higher. Within the peer group there were 5,000 shares purchased and 441,848 shares sold with company insiders having sold 43,685 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
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