Pentwater Capital Management Adds $583M in Avis Budget Group, Inc. ($CAR)
Key Points
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Pentwater Capital Management increased its position in Avis Budget Group, Inc. ($CAR) by 127.26% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,048,300 shares of Avis Budget Group, Inc. after buying 3,946,900 shares during the quarter. Pentwater Capital Management's holdings in Avis Budget Group, Inc. were worth $1.04 billion as of its most recent filing.
Avis Budget Group, Inc. Stock Up 7.0%
Shares of Avis Budget Group, Inc. ($CAR) traded around $147.83 on Saturday, up 7.0% for the day.
Avis Budget Group, Inc. Earnings
Analysts Set New Price Targets
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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