Avis Budget Group (NASDAQ:CAR) Stock Price Target Cut by JPMorgan Chase & Co.

Posted by Brian Himes on Nov 7th, 2026

Avis Budget Group (NASDAQ:CAR – Get Free Report) had its price target cut by JPMorgan Chase & Co. from $105.00 to $85.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 28.47% from the company’s previous close.

Several other research firms also recently commented on CAR. Wall Street Zen downgraded shares of Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Morgan Stanley dropped their target price on 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. Barclays cut their price target on Avis Budget Group from $160.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Susquehanna reduced their price target on Avis Budget Group from $140.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Avis Budget Group from $94.00 to $108.00 and gave the company a “sell” rating in a research note on Thursday. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Avis Budget Group presently has an average rating of “Reduce” and a consensus target price of $116.14.

View Our Latest Report on CAR

Avis Budget Group Stock Down 1.3%

CAR traded down $1.61 during trading hours on Thursday, hitting $118.83. The stock had a trading volume of 962,769 shares, compared to its average volume of 411,303. Avis Budget Group has a 1 year low of $85.96 and a 1 year high of $847.70. The company’s fifty day simple moving average is $114.17 and its 200 day simple moving average is $152.93. The stock has a market cap of $4.20 billion, a PE ratio of -5.14 and a beta of 1.95.

Avis Budget Group (NASDAQ:CAR – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $5.15 EPS for the quarter, missing the consensus estimate of $8.01 by ($2.86). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business posted $10.11 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. As a group, equities analysts expect that Avis Budget Group will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Avis Budget Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAR. Pentwater Capital Management LP bought a new position in Avis Budget Group in the 2nd quarter worth about $371,541,000. Hsbc Holdings PLC purchased a new stake in shares of Avis Budget Group in the 2nd quarter valued at about $247,773,000. BlackRock Inc. purchased a new stake in shares of Avis Budget Group in the 2nd quarter valued at about $245,413,000. Cibc World Market Inc. bought a new stake in shares of Avis Budget Group during the 2nd quarter valued at about $73,915,000. Finally, Mizuho Markets Americas LLC boosted its position in shares of Avis Budget Group by 7.4% during the 1st quarter. Mizuho Markets Americas LLC now owns 400,000 shares of the business services provider’s stock valued at $58,340,000 after acquiring an additional 27,500 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Avis Budget Group

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

Positive Sentiment: Shares reportedly gained attention after Avis posted record fleet utilization and better cash flow, while investors looked toward a Q4 EBITDA recovery despite the earnings miss. Avis Budget Stock Appreciates 10% Despite Earnings Miss in Q3
Neutral Sentiment: The company projected approximately $850 million in full-year 2026 adjusted EBITDA and said it is targeting meaningful revenue-management benefits by summer 2027. These are potential supports, though the benefits are not expected immediately. Avis Budget projects full-year 2026 adjusted EBITDA
Negative Sentiment: Q3 adjusted earnings were $5.15 per share, below the $8.01 consensus, and revenue fell 2.4% year over year to $3.44 billion. Soft travel demand remains a concern for rental volumes and pricing.
Negative Sentiment: JPMorgan cut its price target to $85 from $105 and maintained an “underweight” rating, citing downside risk. JPMorgan price target and rating
Negative Sentiment: Goldman Sachs raised its target to $108 from $94 but kept a “sell” rating, indicating its outlook remains cautious. Goldman Sachs price target and rating

About Avis Budget Group

(Get Free Report)

Avis Budget Group, Inc is a provider of mobility and vehicle-rental services. Through its Avis and Budget brands, the company offers car and truck rentals to business and leisure customers, serving travelers through airport and neighborhood locations as well as digital booking channels.

The company also operates Zipcar, a car-sharing service that provides members with access to vehicles for short-term use. Its brand portfolio has also included Payless, which serves value-oriented rental customers.