http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Tue, 21 Jul 2026 08:30:58 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Corporate+News/Avis+Budget+Group+reaches+%24650M+settlement+with+Pentwater/26792826.html <p>Avis Budget Group, Inc. (NASDAQ: CAR) has filed a motion seeking court approval of a $650 million cash settlement with Pentwater Capital Management LP, resolving litigation over short-swing profits under Section 16(b) of the Securities Exchange Act of 1934.</p><p>Avis originally filed the lawsuit on June 16, 2026, in the United States District Court for the Southern District of New York (case no. 1:26-cv-05512-CM) against Pentwater and certain affiliated persons, seeking recovery of profits under the federal securities law provision that restricts short-term trading by corporate insiders.</p><p>Under the terms of the settlement, Pentwater will pay Avis $650,000,000 in cash. The agreement http://www.streetinsider.com/Corporate+News/Avis+Budget+Group+reaches+%24650M+settlement+with+Pentwater/26792826.html Tue, 21 Jul 2026 08:30:58 -0400 CAR http://www.streetinsider.com/Press+Releases/Joint+Statement+from+Avis+Budget+Group+and+Pentwater+Capital+Management/26792766.html <p><strong>Avis Files Settlement Agreement Related to Short Swing Profits Litigation</strong></p><p>PARSIPPANY, N.J. and NAPLES, Fla., July 21, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (“Avis” or the “Company”) and Pentwater Capital Management LP (“Pentwater” and collectively with Avis, the “Parties”) today announced Avis has filed a motion in the United States District Court for the Southern District of New York, in case no. 1:26-cv-05512-CM, seeking approval of a settlement agreement (the “Settlement”) reached between the Parties. Avis appreciates Pentwater’s willingness to resolve the Section 16(b) Litigation without the need for further proceedings.</p> <p>As previously disclosed, http://www.streetinsider.com/Press+Releases/Joint+Statement+from+Avis+Budget+Group+and+Pentwater+Capital+Management/26792766.html Tue, 21 Jul 2026 08:30:00 -0400 CAR http://www.streetinsider.com/Globe+Newswire/Joint+Statement+from+Avis+Budget+Group+and+Pentwater+Capital+Management/26792766.html <p><strong>Avis Files Settlement Agreement Related to Short Swing Profits Litigation</strong></p><p>PARSIPPANY, N.J. and NAPLES, Fla., July 21, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (“Avis” or the “Company”) and Pentwater Capital Management LP (“Pentwater” and collectively with Avis, the “Parties”) today announced Avis has filed a motion in the United States District Court for the Southern District of New York, in case no. 1:26-cv-05512-CM, seeking approval of a settlement agreement (the “Settlement”) reached between the Parties. Avis appreciates Pentwater’s willingness to resolve the Section 16(b) Litigation without the need for further proceedings.</p> <p>As previously disclosed, http://www.streetinsider.com/Globe+Newswire/Joint+Statement+from+Avis+Budget+Group+and+Pentwater+Capital+Management/26792766.html Tue, 21 Jul 2026 08:30:00 -0400 CAR http://www.streetinsider.com/Press+Releases/Avis+Budget+Group+to+Announce+Second+Quarter+2026+Results+on+July+28%2C+2026/26763346.html <p><strong>Conference Call to Discuss Results Scheduled for July 29, 2026</strong></p><p align="justify">PARSIPPANY, N.J., July 13, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. <strong>(NASDAQ: CAR)</strong> announced today that it plans to report its second quarter 2026 financial results after the market close on Tuesday, July 28, 2026, and to host a conference call for institutional investors to discuss these results on Wednesday, July 29, 2026, at 8:30 a.m. Eastern time.</p> <p align="justify">Investors may access the call via the Company’s Investor Relations website at ir.avisbudgetgroup.com, or by dialing 877-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to http://www.streetinsider.com/Press+Releases/Avis+Budget+Group+to+Announce+Second+Quarter+2026+Results+on+July+28%2C+2026/26763346.html Mon, 13 Jul 2026 17:32:59 -0400 CAR http://www.streetinsider.com/Globe+Newswire/Avis+Budget+Group+to+Announce+Second+Quarter+2026+Results+on+July+28%2C+2026/26763346.html <p><strong>Conference Call to Discuss Results Scheduled for July 29, 2026</strong></p><p align="justify">PARSIPPANY, N.J., July 13, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. <strong>(NASDAQ: CAR)</strong> announced today that it plans to report its second quarter 2026 financial results after the market close on Tuesday, July 28, 2026, and to host a conference call for institutional investors to discuss these results on Wednesday, July 29, 2026, at 8:30 a.m. Eastern time.</p> <p align="justify">Investors may access the call via the Company’s Investor Relations website at ir.avisbudgetgroup.com, or by dialing 877-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to http://www.streetinsider.com/Globe+Newswire/Avis+Budget+Group+to+Announce+Second+Quarter+2026+Results+on+July+28%2C+2026/26763346.html Mon, 13 Jul 2026 17:32:59 -0400 CAR http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html <p>Investing.com -- JPMorgan released its list of top short ideas for the third quarter of 2026, featuring selections from its highest-ranked U.S. equity research analysts across multiple sectors.</p><p>The list includes 24 companies spanning capital goods, consumer, energy, financials, healthcare, materials, media and telecom, and technology sectors. Each selection represents what the bank's analysts view as their most compelling structural and tactical short positions.</p><p>In the technology sector, Intel Corp (NASDAQ:INTC) received an underweight rating from analyst Harlan Sur, while Wix.com Ltd (NASDAQ:WIX) was rated underweight by Alexei Gogolev.</p><p>The healthcare sector features four companies on the list, including Moderna Inc (NASDAQ:MRNA), rated http://www.streetinsider.com/General+News/JPMorgan+analysts+name+top+short+ideas+for+third+quarter+2026/26756237.html Fri, 10 Jul 2026 11:12:30 -0400 BMEA CAR CVI FHI INTC MRNA PINS RIG UDR WIX http://www.streetinsider.com/Corporate+News/Avis+Budget+Group+refinances+%242B+credit+facility%2C+adds+%24200M+line/26721306.html <p>Avis Budget Group (NASDAQ: CAR) amended its credit agreement on June 29, 2026, refinancing an existing $2 billion revolving loan facility and establishing a new $200 million revolving loan facility.</p><p>According to a press release statement, the company and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC, entered into the Eleventh Amendment to its Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent.</p><p>The refinanced $2 billion revolving facility is set to mature on June 29, 2031. The maturity is subject to a springing provision that could accelerate it to 90 days prior http://www.streetinsider.com/Corporate+News/Avis+Budget+Group+refinances+%242B+credit+facility%2C+adds+%24200M+line/26721306.html Wed, 01 Jul 2026 16:32:23 -0400 CAR http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+29/26721278.html si-local-file:///var/storage/secattach/20260701/26721278.html http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+29/26721278.html Wed, 01 Jul 2026 16:31:00 -0400 CAR O.00041808 http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+29/26721278.html si-local-file:///var/storage/secattach/20260701/26721278.html http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+29/26721278.html Wed, 01 Jul 2026 16:31:00 -0400 CAR O.00041808 http://www.streetinsider.com/Investing/Avis+Budget+shares+fall+as+rival+Hertz+cuts+guidance%2C+announces+capital+raise/26683638.html <p>Investing.com -- Avis Budget Group Inc shares fell more than 6% on Wednesday after competitor Hertz Global Holdings Inc reduced its second-quarter outlook and revealed plans for new share and debt offerings.</p><p>Hertz shares dropped over 26% after the company lowered its second-quarter 2026 adjusted corporate EBITDA forecast to a range of $50 million to $80 million.</p><p>The revision is dut to a weakness in the used car market, Hertz said. Vehicle sale losses in May 2026 eliminated gains from April 2026, pushing net depreciation per unit per month to approximately $300 for the quarter.</p><p>Hertz also announced a $300 million private offering http://www.streetinsider.com/Investing/Avis+Budget+shares+fall+as+rival+Hertz+cuts+guidance%2C+announces+capital+raise/26683638.html Wed, 24 Jun 2026 10:11:58 -0400 CAR HTZ http://www.streetinsider.com/Investing/Avis+Budget+shares+fall+as+rival+Hertz+cuts+guidance%2C+announces+capital+raise/26683638.html <p>Investing.com -- Avis Budget Group Inc shares fell more than 6% on Wednesday after competitor Hertz Global Holdings Inc reduced its second-quarter outlook and revealed plans for new share and debt offerings.</p><p>Hertz shares dropped over 26% after the company lowered its second-quarter 2026 adjusted corporate EBITDA forecast to a range of $50 million to $80 million.</p><p>The revision is dut to a weakness in the used car market, Hertz said. Vehicle sale losses in May 2026 eliminated gains from April 2026, pushing net depreciation per unit per month to approximately $300 for the quarter.</p><p>Hertz also announced a $300 million private offering http://www.streetinsider.com/Investing/Avis+Budget+shares+fall+as+rival+Hertz+cuts+guidance%2C+announces+capital+raise/26683638.html Wed, 24 Jun 2026 10:11:58 -0400 CAR HTZ http://www.streetinsider.com/SEC+Filings/Form++3++++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+15++Filed+by%3A+Goldenberg+Christina+M./26679399.html si-local-file:///var/storage/secattach/20260623/26679399.html http://www.streetinsider.com/SEC+Filings/Form++3++++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+15++Filed+by%3A+Goldenberg+Christina+M./26679399.html Tue, 23 Jun 2026 16:02:00 -0400 CAR O.00041808 http://www.streetinsider.com/SEC+Filings/Form++3++++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+15++Filed+by%3A+Goldenberg+Christina+M./26679399.html si-local-file:///var/storage/secattach/20260623/26679399.html http://www.streetinsider.com/SEC+Filings/Form++3++++++++++AVIS+BUDGET+GROUP%2C+INC.+++For%3A+Jun+15++Filed+by%3A+Goldenberg+Christina+M./26679399.html Tue, 23 Jun 2026 16:02:00 -0400 CAR O.00041808 http://www.streetinsider.com/Analyst+PT+Change/Avis+Budget+Group+%28CAR%29+PT+Raised+to+%24170+at+JPMorgan/26675792.html JPMorgan analyst Rajat Gupta raised the price target on Avis Budget Group (NASDAQ: CAR) to $170.00 (from $155.00) while maintaining a Underweight rating. http://www.streetinsider.com/Analyst+PT+Change/Avis+Budget+Group+%28CAR%29+PT+Raised+to+%24170+at+JPMorgan/26675792.html Tue, 23 Jun 2026 07:21:45 -0400 CAR http://www.streetinsider.com/Investing/Short+squeeze+payback%3A+Avis+Budget+gains+8%25+on+massive+%24650M+Pentwater+settlement/26673893.html <p data-path-to-node="5">Investing.com -- <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name">Avis</span></span> Budget Group (NYSE:CAR) is shifting into high gear. Shares of the car rental giant accelerated 8% in after-hours trading Monday following news of a massive $650 million cash settlement with hedge fund Pentwater Capital Management LP.</p> <p data-path-to-node="6">The hefty payout resolves a bitter legal dispute over illicit "short-swing" profits. According to a Securities and Exchange Commission filing, Avis aggressively pursued the funds under Section 16(b) of the Securities Exchange Act, forcing Pentwater to return the gains from a highly controversial stock dump.  </p> <p data-path-to-node="7">The drama traces back to the wild trading days of April 2026. http://www.streetinsider.com/Investing/Short+squeeze+payback%3A+Avis+Budget+gains+8%25+on+massive+%24650M+Pentwater+settlement/26673893.html Mon, 22 Jun 2026 16:54:32 -0400 CAR http://www.streetinsider.com/General+News/Short+squeeze+payback%3A+Avis+Budget+gains+8%25+on+massive+%24650M+Pentwater+settlement/26673893.html <p data-path-to-node="5">Investing.com -- <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name">Avis</span></span> Budget Group (NYSE:CAR) is shifting into high gear. Shares of the car rental giant accelerated 8% in after-hours trading Monday following news of a massive $650 million cash settlement with hedge fund Pentwater Capital Management LP.</p> <p data-path-to-node="6">The hefty payout resolves a bitter legal dispute over illicit "short-swing" profits. According to a Securities and Exchange Commission filing, Avis aggressively pursued the funds under Section 16(b) of the Securities Exchange Act, forcing Pentwater to return the gains from a highly controversial stock dump.  </p> <p data-path-to-node="7">The drama traces back to the wild trading days of April 2026. http://www.streetinsider.com/General+News/Short+squeeze+payback%3A+Avis+Budget+gains+8%25+on+massive+%24650M+Pentwater+settlement/26673893.html Mon, 22 Jun 2026 16:54:32 -0400 CAR