Hsbc Holdings PLC Trims Holdings in Avis Budget Group, Inc. $CAR

Posted by Geri Gentry on Sep 7th, 2026

Hsbc Holdings PLC reduced its stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR – Free Report) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,676,860 shares of the business services provider’s stock after selling 25,672 shares during the quarter. Hsbc Holdings PLC’s holdings in Avis Budget Group were worth $247,773,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in Avis Budget Group by 1,845.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock valued at $27,000 after buying an additional 203 shares during the period. Quarry LP bought a new stake in shares of Avis Budget Group during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Avis Budget Group during the fourth quarter valued at approximately $32,000. Hollencrest Capital Management purchased a new stake in shares of Avis Budget Group in the first quarter valued at approximately $44,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Avis Budget Group by 26.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock worth $58,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Trending Headlines about Avis Budget Group

Here are the key news stories impacting Avis Budget Group this week:

Positive Sentiment: Zacks upgraded Avis Budget Group from “strong sell” to “hold,” which may reduce some extreme bearish sentiment and offer limited support for the shares. Zacks rating upgrade report
Neutral Sentiment: A head-to-head review comparing Avis Budget Group with Lyft provides sector context but does not appear to announce a material change to Avis’s operations, financial outlook, or valuation. Avis Budget Group versus Lyft review
Negative Sentiment: Several investor-rights firms publicized a securities class action and a September 29, 2026 lead-plaintiff deadline involving Pentwater Capital Management and CEO Matthew Halbower. The filings allege that Pentwater accumulated and then sold Avis shares, causing substantial investor losses; the allegations have not been proven. The notices may weigh on CAR because of potential litigation costs, uncertainty, and reputational risk. Rosen Law Firm lawsuit deadline notice

Avis Budget Group Stock Performance

NASDAQ:CAR opened at $138.73 on Monday. Avis Budget Group, Inc. has a fifty-two week low of $85.96 and a fifty-two week high of $847.70. The stock has a market capitalization of $4.90 billion, a P/E ratio of -7.64 and a beta of 1.91. The company’s 50-day simple moving average is $149.07 and its 200-day simple moving average is $171.08.

Avis Budget Group (NASDAQ:CAR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.98 EPS for the quarter, missing the consensus estimate of $2.05 by ($1.07). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.10 billion. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, research analysts forecast that Avis Budget Group, Inc. will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

CAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Avis Budget Group from $155.00 to $170.00 and gave the company an “underweight” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised their price target on Avis Budget Group from $85.00 to $95.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Wall Street Zen downgraded Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Morgan Stanley upped their price objective on shares of Avis Budget Group from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 20th. Finally, Barclays set a $160.00 target price on shares of Avis Budget Group and gave the company an “equal weight” rating in a research report on Monday, June 8th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $135.57.

Read Our Latest Stock Report on CAR

About Avis Budget Group

(Free Report)

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.