Avis Budget Group (NASDAQ:CAR) Stock Jumps 4.4% – Should You Buy?

Posted by Brenda Bartman on Oct 1st, 2026

Shares of Avis Budget Group, Inc. (NASDAQ:CAR – Get Free Report) shot up 4.4% during trading on Tuesday. The company traded as high as $109.47 and last traded at $109.5010. 101,300 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,320,730 shares. The stock had previously closed at $104.93.

Analysts Set New Price Targets

CAR has been the topic of a number of analyst reports. Zacks Research raised shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. raised their price target on shares of Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a report on Tuesday, June 23rd. Morgan Stanley reduced their price target on shares of Avis Budget Group from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Wall Street Zen cut Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Avis Budget Group in a research report on Monday, August 17th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $135.00.

Read Our Latest Analysis on CAR

Avis Budget Group Stock Down 0.1%

The firm has a market cap of $3.77 billion, a PE ratio of -5.86 and a beta of 1.91. The business has a 50-day moving average price of $134.31 and a two-hundred day moving average price of $173.33.

Avis Budget Group (NASDAQ:CAR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. Avis Budget Group’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that Avis Budget Group, Inc. will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Avis Budget Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP lifted its holdings in Avis Budget Group by 129.0% during the 2nd quarter. Engineers Gate Manager LP now owns 16,821 shares of the business services provider’s stock worth $2,487,000 after buying an additional 9,474 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Avis Budget Group during the second quarter worth approximately $448,000. Nykredit A S acquired a new position in Avis Budget Group in the second quarter valued at approximately $80,000. Corient Private Wealth LP boosted its holdings in Avis Budget Group by 217.2% in the second quarter. Corient Private Wealth LP now owns 5,120 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 3,506 shares in the last quarter. Finally, Amundi boosted its holdings in Avis Budget Group by 218.6% in the second quarter. Amundi now owns 247,987 shares of the business services provider’s stock valued at $36,660,000 after purchasing an additional 170,162 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Avis Budget Group Company Profile

(Get Free Report)

Avis Budget Group, Inc is a global provider of vehicle rental and mobility services. The company operates through a portfolio of brands that includes Avis, Budget, Payless and Zipcar, offering cars, vans and other vehicles to leisure and business customers.

Avis and Budget provide short-term vehicle rentals through airport and neighborhood locations, while Payless focuses on value-oriented rental services. Zipcar operates a car-sharing network that allows members to reserve vehicles by the hour or day.