Avis Budget Group (NASDAQ:CAR) Posts Quarterly Earnings Results, Misses Estimates By $1.07 EPS

Posted by George Bondi on Jul 30th, 2026

Avis Budget Group (NASDAQ:CAR – Get Free Report) announced its quarterly earnings data on Tuesday. The business services provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07), FiscalAI reports. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the company earned $0.10 earnings per share. Avis Budget Group’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Avis Budget Group Stock Performance

Avis Budget Group stock traded down $0.85 during mid-day trading on Thursday, reaching $154.00. The stock had a trading volume of 285,476 shares, compared to its average volume of 1,592,245. The firm has a market capitalization of $5.44 billion, a PE ratio of -8.48 and a beta of 1.91. Avis Budget Group has a fifty-two week low of $85.96 and a fifty-two week high of $847.70. The stock’s 50-day simple moving average is $168.56 and its 200-day simple moving average is $167.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Avis Budget Group in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $125.00 price target on shares of Avis Budget Group in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 23rd. Morgan Stanley increased their target price 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, Wall Street Zen upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Six analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $132.75.

Get Our Latest Report on Avis Budget Group

Key Headlines Impacting Avis Budget Group

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

Positive Sentiment: Avis Budget reported $3.0 billion in second-quarter revenue, $63 million in net income and $286 million in Adjusted EBITDA. Earnings improved from $0.10 per share a year earlier to $0.98, while management highlighted progress on efficiency metrics. Avis Budget Group Reports Second Quarter 2026 Results
Neutral Sentiment: The company’s earnings call and related coverage framed the quarter as a test of its fleet strategy. Avis is working to improve fleet efficiency, but investors are assessing whether those gains can offset softer travel demand and pressure on rental economics. Avis Budget Group Faces A Fleet Test
Negative Sentiment: Adjusted earnings of $0.98 per share fell short of analyst expectations of roughly $2.05-$2.16, while $3.0 billion of revenue missed the approximately $3.10 billion consensus estimate. Revenue also declined 1.3% year over year, signaling weaker operating conditions than expected. Avis Budget Group Lags Q2 Earnings and Revenue Estimates
Negative Sentiment: Management commentary and post-earnings analysis pointed to sluggish travel demand, adding to concerns about rental volumes, pricing and fleet utilization. Those concerns contributed to the sharp premarket decline and the stock’s gap lower. Is Avis Budget Group a Buy After Its Latest Earnings Report?
Negative Sentiment: Verra Mobility resumed its relationship with Avis under a new contract described as “materially less favorable,” a development that could weaken economics from that business relationship and further weigh on investor sentiment. Verra Mobility Resumes Relationship With Avis

Institutional Trading of Avis Budget Group

Several hedge funds have recently bought and sold shares of CAR. Osaic Holdings Inc. increased its position in shares of Avis Budget Group by 77.7% during the second quarter. Osaic Holdings Inc. now owns 1,825 shares of the business services provider’s stock worth $309,000 after acquiring an additional 798 shares in the last quarter. Empowered Funds LLC boosted its holdings in Avis Budget Group by 10.1% during the 1st quarter. Empowered Funds LLC now owns 3,749 shares of the business services provider’s stock worth $285,000 after acquiring an additional 343 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Avis Budget Group in the 2nd quarter worth $267,000. Russell Investments Group Ltd. grew its stake in shares of Avis Budget Group by 203.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,657 shares of the business services provider’s stock worth $266,000 after acquiring an additional 1,111 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Avis Budget Group in the fourth quarter valued at about $236,000. 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 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.