NasdaqGS:CARTransportation
Avis Budget Group (CAR) Stock Could Be 47% Overvalued After $650 Million Settlement
Avis Budget Group (CAR) drew investor attention after-hours as its stock moved higher following the announcement of a $650 million cash settlement with hedge fund Pentwater Capital Management, resolving a long-running short-swing profits dispute.
See our latest analysis for Avis Budget Group.
The settlement headline follows a strong run in Avis Budget Group's stock, with a 90 day share price return of 58.55% and a 5 year total shareholder return of 150.69%. However, the 3 year total...