Michael K. Tucker

CAR

EVP AND GENERAL COUNSEL · AVIS BUDGET GROUP, INC. · CIK 0001489075

FILING MIX · LIFETIME36%/64%

BUYS

SELLS

TOTAL VALUE

$352.1K

COMPANIES

ACTIVE SINCE

Mar 2020

HOLDINGS NOW

2,395

AVG SELL PX

$30.18

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

1 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Michael K. Tucker, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	1	+100.00%	-34.66%	-11.29%	-23.38%	-23.38%	—
14d	1	+100.00%	-55.70%	-22.41%	-33.29%	-33.29%	—
30d	1	+100.00%	-60.19%	-19.89%	-40.30%	-40.30%	—
60d	1	+100.00%	-56.94%	-7.97%	-48.97%	-48.97%	—
90d	1	+100.00%	-24.16%	-0.56%	-23.60%	-23.60%	—
180d	1	+0.00%	+9.39%	+14.59%	-5.21%	-5.21%	—
1y	1	+0.00%	+83.81%	+27.39%	+56.42%	+56.42%	—
2y	1	+0.00%	+484.45%	+46.25%	+438.20%	+438.20%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

CAR · 2,395 shares · as of Mar 15, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 4 buys / 7 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	1,576	$18.01	$28.4K	77,674	Mar 15, 2020	Mar 17, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	PURCHASE EVP and General Counsel	5,745	—	—	79,250	Mar 15, 2020	Mar 17, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	3,350	—	—	6,702	Mar 15, 2020	Mar 17, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	2,395	—	—	2,395	Mar 15, 2020	Mar 17, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	PURCHASEGRANT Stock grant	16,596	—	—	16,596	Mar 9, 2020	Mar 11, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	PURCHASEGRANT Stock grant	7,112	—	—	7,112	Mar 9, 2020	Mar 11, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	8,000	$32.00	$256.0K	73,505	Mar 2, 2020	Mar 3, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	4,228	—	—	0	Mar 1, 2020	Mar 3, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	2,091	$32.38	$67.7K	81,505	Mar 1, 2020	Mar 3, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	SALE EVP and General Counsel	3,391	—	—	0	Mar 1, 2020	Mar 3, 2020 ↗
CAR AVIS BUDGET GROUP, INC.	PURCHASE EVP and General Counsel	7,619	—	—	83,596	Mar 1, 2020	Mar 3, 2020 ↗

Other insiders · CAR

Loading peer insiders…

About this filer

CIK 0001489075

ROLE

EVP and General Counsel

PRIMARY

CAR

COMPANIES

ACTIVE SINCE

Mar 2020

MARKETPEEL · /INSIDER/0001489075DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Michael K. Tucker

The morning brief, before the bell.