Man Group plc Invests $5.79 Million in Avis Budget Group, Inc. $CAR

Posted by George Bondi on Aug 30th, 2026

Man Group plc acquired a new stake in Avis Budget Group, Inc. (NASDAQ:CAR – Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 39,142 shares of the business services provider’s stock, valued at approximately $5,786,000. Man Group plc owned approximately 0.11% of Avis Budget Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAR. Hsbc Holdings PLC bought a new stake in Avis Budget Group during the 2nd quarter worth approximately $247,773,000. BlackRock Inc. bought a new position in Avis Budget Group in the 2nd quarter valued at $245,413,000. Morgan Stanley boosted its holdings in Avis Budget Group by 38.1% in the 4th quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock valued at $253,519,000 after purchasing an additional 545,574 shares during the period. Cibc World Market Inc. purchased a new position in shares of Avis Budget Group during the 2nd quarter valued at $73,915,000. Finally, Norges Bank purchased a new position in shares of Avis Budget Group during the 4th quarter valued at $45,900,000. Institutional investors own 96.35% of the company’s stock.

Avis Budget Group Stock Performance

NASDAQ CAR opened at $138.12 on Friday. 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 50 day simple moving average of $152.67 and a two-hundred day simple moving average of $169.89. The stock has a market cap of $4.88 billion, a P/E ratio of -7.60 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR – Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $3.10 billion. Avis Budget Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Sell-side analysts predict that Avis Budget Group, Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAR. Zacks Research cut shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a research note on Monday, August 17th. 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 report on Friday, July 24th. Finally, Morgan Stanley upped their price objective on Avis Budget Group from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $135.57.

View Our Latest Report on Avis Budget Group

Avis Budget Group News Roundup

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

Neutral Sentiment: Several law firms reminded Avis investors that September 29, 2026 is the deadline to seek appointment as lead plaintiff in a securities class action. The notices are largely procedural and encourage investors with losses to contact counsel. Some filings identify the class period as February 20, 2025–April 21, 2026, while another notice cites February 20, 2026–April 21, 2026. Avis Budget Group class action deadline notice
Negative Sentiment: The lawsuit alleges violations of federal securities laws by Pentwater Capital Management and its founder and chief investment officer, Matthew Halbower, in connection with reported ownership of Avis shares and call options before a sharp decline in Avis stock. Although the principal defendants named in the notices are Pentwater and Halbower rather than Avis itself, the litigation creates legal, reputational, and investor-confidence overhang for CAR. The allegations have not been proven. Pomerantz Avis class action filing
Negative Sentiment: Recent earnings momentum is also weighing on the stock. Avis reported quarterly EPS of $0.98, missing the $2.05 consensus estimate, while revenue of approximately $3.0 billion fell short of the $3.1 billion forecast and declined 1.3% year over year. Analysts expect only $1.36 in full-year EPS, reinforcing concerns about profitability and operating conditions. Why Avis Budget is down since earnings
Negative Sentiment: GuruFocus estimated Avis’s GF Value at $129.16 versus a recent reference price of $139.49, suggesting the shares may still appear overvalued despite their substantial decline and high volatility. GuruFocus Avis valuation analysis

Avis Budget Group Profile

(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.