StreetInsider.com News Articles

Form 3 AVIS BUDGET GROUP, INC. For: Jun 15 Filed by: Goldenberg Christina M.

Tue, 23 Jun 2026 16:02:00 -0400

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Form 3 AVIS BUDGET GROUP, INC. For: Jun 15 Filed by: Goldenberg Christina M.

Tue, 23 Jun 2026 16:02:00 -0400

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Avis Budget Group (CAR) PT Raised to $170 at JPMorgan

Tue, 23 Jun 2026 07:21:45 -0400

JPMorgan analyst Rajat Gupta raised the price target on Avis Budget Group (NASDAQ: CAR) to $170.00 (from $155.00) while maintaining a Underweight rating.

Short squeeze payback: Avis Budget gains 8% on massive $650M Pentwater settlement

Mon, 22 Jun 2026 16:54:32 -0400

Investing.com -- Avis Budget Group (NYSE:CAR) is shifting into high gear. Shares of the car rental giant accelerated 8% in after-hours trading Monday following news of a massive $650 million cash settlement with hedge fund Pentwater Capital Management LP.

The hefty payout resolves a bitter legal dispute over illicit "short-swing" profits. According to a Securities and Exchange Commission filing, Avis aggressively pursued the funds under Section 16(b) of the Securities Exchange Act, forcing Pentwater to return the gains from a highly controversial stock dump.

The drama traces back to the wild trading days of April 2026.

Short squeeze payback: Avis Budget gains 8% on massive $650M Pentwater settlement

Mon, 22 Jun 2026 16:54:32 -0400

The drama traces back to the wild trading days of April 2026.

Avis Budget Group reaches $650M settlement with Pentwater Capital

Mon, 22 Jun 2026 16:33:40 -0400

Avis Budget Group (NASDAQ: CAR) announced it entered into a Settlement and Release Agreement with Pentwater Capital Management LP and certain affiliated persons on June 19, 2026, to resolve a pending lawsuit over short-swing profits under Section 16(b) of the Securities Exchange Act of 1934.

Under the terms of the agreement, Pentwater will pay Avis Budget Group $650,000,000 in cash. The settlement remains subject to court approval, which includes an order confirming that Avis Budget Group diligently pursued its claims and that the settlement amount is fair, reasonable, and adequate, along with other customary conditions.

Avis Budget Group reaches $650M settlement with Pentwater Capital

Mon, 22 Jun 2026 16:33:40 -0400

Form 8-K AVIS BUDGET GROUP, INC. For: Jun 19

Mon, 22 Jun 2026 16:31:00 -0400

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Form 8-K AVIS BUDGET GROUP, INC. For: Jun 19

Mon, 22 Jun 2026 16:31:00 -0400

si-local-file:///var/storage/secattach/20260622/26673553.html

Form 8-K AVIS BUDGET GROUP, INC. For: Jun 09

Fri, 12 Jun 2026 16:06:00 -0400

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Form 8-K AVIS BUDGET GROUP, INC. For: Jun 09

Fri, 12 Jun 2026 16:06:00 -0400

si-local-file:///var/storage/secattach/20260612/26640689.html

Barclays Upgrades Avis Budget Group (CAR) to Equalweight

Mon, 08 Jun 2026 03:51:06 -0400

Barclays analyst Dan Levy upgraded Avis Budget Group (NASDAQ: CAR) from Underweight to Equalweight with a price target of $160.00 (from $140.00).

The analyst comments: “Ahead of 1Q EPS and amidst the sharp technicals-driven run up of the stock, we downgraded CAR to UW (for more, see our note). Yet for all the noise on the technicals into CAR's 1Q result, we believe the key message was that the fundamentals are tracking better, and recent datapoints indicate that remains the case ahead of 2Q. Further, it was recently announced that CAR will not renew its contract with Verra Mobility (not covered),

Barclays Upgrades Avis Budget Group (CAR) to Equalweight

Mon, 08 Jun 2026 03:51:06 -0400

Barclays analyst Dan Levy upgraded Avis Budget Group (NASDAQ: CAR) from Underweight to Equalweight with a price target of $160.00 (from $140.00).

Form 8-K AVIS BUDGET GROUP, INC. For: May 29

Mon, 01 Jun 2026 16:33:00 -0400

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Form 8-K AVIS BUDGET GROUP, INC. For: May 29

Mon, 01 Jun 2026 16:33:00 -0400

si-local-file:///var/storage/secattach/20260601/26584272.html

Form 8-K AVIS BUDGET GROUP, INC. For: May 26

Fri, 29 May 2026 16:15:00 -0400

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Form 8-K AVIS BUDGET GROUP, INC. For: May 26

Fri, 29 May 2026 16:15:00 -0400

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Avis Budget Group Announces Pricing of $300 Million of Senior Notes