Cibc Bancorp USA Adds $17M in Avis Budget Group, Inc. ($CAR)
Key Points
- Cibc Bancorp USA changed its Avis Budget Group, Inc. ($CAR) stake by 14.8% last quarter, boosting to 700,147 shares worth $131.01 million.
- Wall Street's consensus rating on $CAR is Hold and an average price target of $132.00.
- $CAR last traded around $187.12.
Cibc Bancorp USA increased its position in Avis Budget Group, Inc. ($CAR) by 14.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700,147 shares of Avis Budget Group, Inc. after buying 90,147 shares during the quarter. Cibc Bancorp USA's holdings in Avis Budget Group, Inc. were worth $131.01 million as of its most recent filing.
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About Avis Budget Group, Inc.
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. The company operates the Avis brand, which offers vehicle rental and other mobility solutions to the commercial and leisure segments of the travel industry and the Zipcar brand, a car sharing network that offers vehicle rental and other mobility solutions comprising budget car rental and budget truck. It also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll vehicle Hire. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey.
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