Avis Budget Group director Glenn Lurie sells $734,425 in shares

Glenn Lurie, a director at Avis Budget Group Inc., sold shares of the company's common stock on November 6, 2026. The transaction involved selling 6,101 shares, amounting to a total of $734,425. Lurie's sales comprised three distinct blocks: 1,669 shares at $119.40, 3,027 shares at $120.41, and 1,405 shares at $121.47. These sales represented a reduction in his indirect holdings, following the distribution of restricted stock units from the company's previous deferred compensation plan for non-employee directors.

Despite recent volatility in CAR stock, with a 17% increase in the past week, Lurie's actions come amidst concerns about the stock's valuation, as it is currently overvalued according to InvestingPro analysis. Avis Budget Group reported Q3 2026 earnings, with adjusted EPS of $5.15, falling short of expected $8.11. However, revenue reached $3.44 billion, exceeding forecasts of $3.42 billion.

These developments reflect the company's strategic initiatives and financial performance in recent times.