Avis Budget Group (NASDAQ:CAR) Stock Rating Upgraded by Zacks Research

Avis Budget Group (NASDAQ:CAR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Avis Budget Group’s Q4 2025 earnings at ($0.28) EPS, FY2025 earnings at ($4.42) EPS, Q1 2026 earnings at ($2.25) EPS, Q2 2026 earnings at $2.88 EPS, Q3 2026 earnings at $7.04 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $8.12 EPS, Q1 2027 earnings at $2.14 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $3.79 EPS and FY2027 earnings at $9.66 EPS.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on Avis Budget Group from $150.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Avis Budget Group from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price objective (up previously from $87.00) on shares of Avis Budget Group in a report on Friday, August 1st. Bank of America reaffirmed an “underperform” rating and issued a $113.00 target price (down from $120.00) on shares of Avis Budget Group in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Avis Budget Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $136.83.

Avis Budget Group Stock Performance

NASDAQ:CAR traded down $1.37 during mid-day trading on Tuesday, reaching $130.82. The stock had a trading volume of 69,065 shares, compared to its average volume of 1,165,810. Avis Budget Group has a twelve month low of $54.03 and a twelve month high of $212.81. The business has a 50 day simple moving average of $148.94 and a 200 day simple moving average of $149.96. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of -2.18 and a beta of 2.12.

Avis Budget Group (NASDAQ:CAR) last issued its earnings results on Monday, October 27th. The business services provider reported $10.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.11 by $2.00. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the company posted $6.65 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Avis Budget Group will post 8.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAR. CANADA LIFE ASSURANCE Co lifted its holdings in Avis Budget Group by 1.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 10,361 shares of the business services provider’s stock valued at $1,673,000 after purchasing an additional 147 shares in the last quarter. Voleon Capital Management LP lifted its stake in shares of Avis Budget Group by 1,099.4% during the third quarter. Voleon Capital Management LP now owns 31,209 shares of the business services provider’s stock valued at $5,011,000 after buying an additional 28,607 shares during the period. Voloridge Investment Management LLC boosted its position in Avis Budget Group by 457.9% during the third quarter. Voloridge Investment Management LLC now owns 256,177 shares of the business services provider’s stock worth $41,136,000 after acquiring an additional 210,256 shares during the last quarter. Whitebox Advisors LLC boosted its position in Avis Budget Group by 1.9% during the third quarter. Whitebox Advisors LLC now owns 10,771 shares of the business services provider’s stock worth $1,730,000 after acquiring an additional 200 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new stake in Avis Budget Group in the 3rd quarter worth approximately $414,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Avis Budget Group Company Profile

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.