$CAR.US – ranked positive on June 15th, 2022

Smart Insider $CAR.US - ranked positive on June 15th, 2022

$CAR.US – ranked positive on June 15th, 2022

Avis Budget Group Inc – (CAR, +1, June 15th)

Bernardo Hees (Executive Chairman since 2020) has now spent $15 million purchasing shares over the past month. We upgraded the stock to +N on May 23rd after his first $5 million purchase at $189. He subsequently made two additional $5 million purchases, on May 24th at $173 and most recently on June 10th at $168.69. This $15 million spending spree is a reversal from a very timely sale of 143,389 shares in November 2021 at an average price of $273, generating $39 million.

He has now reinvested almost half of those gross proceeds, an unusual amount given he likely will owe substantial taxes after that sale. Hees’ prior purchases in this stock, in February 2020 at $35 and in May 2021 at $79, were both very timely. Hees is the former CEO of Kraft Heinz as well as Burger King Worldwide and a partner at 3G Capital.

While he has been the only recent buyer, we are upgrading the shares further, from +N to +1.

If you want to have Stock of the Week with insider buying stocks information and analysis in your email, donā€™t forget toĀ subscribe!
Follow us onĀ LinkedInĀ andĀ Twitter

Check ourĀ Signals PerformanceĀ and if you want to know more about thisĀ Signals Service, please, email us atĀ sales_admin@smartinsider.comĀ or fill in theĀ Contact UsĀ form here.

If you are interested in our Stocks of the Week
those services may also be useful for you


Timely data delivery customised to every user, backed by analysis tools on our internal website


We rank the stocks where transactions are most likely to indicate future share price performance


Studying buyback activity can give a clue to the fortunes of a company and help predict future share price movement

If you are a member of the media and would like to speak with a Smart Insider expert, please contact us press@smartinsider.com or call +44 203 405 3356

Scroll to Top