Avis Budget Group, Inc. (NASDAQ:CAR – Free Report) – Stock analysts at Zacks Research dropped their Q3 2026 EPS estimates for shares of Avis Budget Group in a note issued to investors on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the business services provider will post earnings per share of $8.78 for the quarter, down from their prior estimate of $9.10. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Avis Budget Group’s current full-year earnings is $1.69 per share. Zacks Research also issued estimates for Avis Budget Group’s Q4 2026 earnings at ($0.40) EPS, FY2026 earnings at $1.35 EPS, Q1 2027 earnings at ($3.92) EPS, Q2 2027 earnings at $1.86 EPS, Q3 2027 earnings at $6.62 EPS, Q4 2027 earnings at $0.81 EPS, FY2027 earnings at $5.38 EPS, Q1 2028 earnings at $1.27 EPS, Q2 2028 earnings at $2.83 EPS and FY2028 earnings at $8.76 EPS.
Avis Budget Group (NASDAQ:CAR – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.98 earnings per share (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 analyst estimates of $3.10 billion. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share.
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Avis Budget Group Price Performance
Avis Budget Group stock opened at $141.46 on Thursday. Avis Budget Group has a one year low of $85.96 and a one year high of $847.70. The company’s fifty day moving average price is $158.80 and its two-hundred day moving average price is $169.01. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -7.79 and a beta of 1.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in Avis Budget Group during the second quarter valued at about $7,998,000. Empowered Funds LLC bought a new position in shares of Avis Budget Group in the second quarter worth about $400,000. Jefferies Financial Group Inc. bought a new position in shares of Avis Budget Group in the second quarter worth about $238,000. Public Employees Retirement System of Ohio acquired a new position in shares of Avis Budget Group during the 2nd quarter worth about $733,000. Finally, Corient Private Wealth LP acquired a new position in shares of Avis Budget Group during the 2nd quarter worth about $768,000. Institutional investors and hedge funds own 96.35% of the company’s stock.
More Avis Budget Group News
Here are the key news stories impacting Avis Budget Group this week:
- Positive Sentiment: Investors who purchased Avis securities during the February 20, 2025–April 21, 2026 class period may be eligible to seek compensation, with a September 29, 2026 deadline to apply as lead plaintiff. Any recovery could partially offset shareholder losses, although it would not directly improve Avis’s operating results. Rosen investor deadline notice
- Neutral Sentiment: Multiple law firms reiterated notices about the shareholder class action, so the announcements largely repeat previously reported information rather than represent a new development for Avis’s business. Kaplan Fox class action notice Pomerantz class action filing
- Negative Sentiment: The lawsuit alleges that Pentwater accumulated a roughly 51% economic interest in Avis through shares and cash-settled swaps, then sold 4.3 million shares over two trading days as CAR collapsed. Another notice alleges a $1.75 billion share disposal, short-swing trading profits, and a reported $650 million settlement. The claims remain allegations, but they add litigation, regulatory, and reputational risk. Levi and Korsinsky shareholder alert Pentwater securities class action alert
- Negative Sentiment: Analysts’ reported consensus price target of $132.75 suggests valuation pressure relative to the stock’s recent trading level. Avis also recently missed quarterly earnings and revenue expectations, reinforcing concerns about near-term fundamentals. Avis analyst price target report
Avis Budget Group Company Profile
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.
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