Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Edward P. Linnen, Executive Vice President and Chief HR Officer at Avis Budget Group (NASDAQ:CAR), sold a total of 10,000 shares of company stock on August 15, 2025, for approximately $1.56 million. The sale comes as the stock has shown remarkable performance, with a YTD return of nearly 97% and the share price reaching $158.76, reflecting the company’s $5.62 billion market capitalization.
The sales were executed in two separate transactions. The first involved 6,743 shares sold at a weighted average price of $156.47, with prices ranging from $156.37 to $156.87, for a total value of $1,055,039. The second transaction saw 3,257 shares sold at a weighted average price of $157.57, with prices ranging from $157.51 to $157.64, for a total value of $513,243.
Following these transactions, Linnen directly owns 44,172 shares and indirectly owns 3,496 shares through a 401(k) plan.
In other recent news, Avis Budget Group reported second-quarter earnings per share of $0.10, which fell short of analyst estimates of $2.21. However, the company’s revenue for the quarter exceeded expectations, reaching $3.04 billion compared to the anticipated $2.99 billion. Avis Budget Group also announced a multi-year strategic partnership with Waymo to launch a fully autonomous ride-hailing service in Dallas, planned for public launch in 2026. Under this agreement, Avis will manage fleet operations, while Waymo will handle the self-driving technology and app-based ride-hailing service. In another development, Deutsche Bank (ETR:DBKGn) increased its price target for Avis Budget Group from $130 to $196, maintaining a Buy rating on the stock. This adjustment reflects the significant growth in car rental stocks over recent months. Meanwhile, Resources Connection (NASDAQ:RGP), Inc. has appointed Jeffrey H. Fox and Filip Gydé to its Board of Directors as part of a planned board refreshment, following the retirement of two current board members.
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