$CAR Avis Budget Group ranked positive on February 24th 2021

$CAR Avis Budget Group ranked positive on February 24th 2021

Avis Budget Group – (CAR, +1) – Brian Choi (CFO since Aug 2020; former Director from 2016-2020) purchased 23,735 shares on February 19th at $45.88, spending $1.1 million in his first open market purchase. Choi was a board member from 2016-2020, representing SRS Management, who themselves were buyers in 2020 and now own 18.4 million shares (26%). While this is Choi’s first direct purchase, he has been the CFO for six months and a director for five years and likely knows the company very well. Per ownership guidelines, he is required to own $1.5 million (3x salary) worth of shares but under no specified time frame and options can help get him to that figure. This is an aggressive purchase into strength.

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