Zacks Research Expects Weaker Earnings for Avis Budget Group

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities researchers at Zacks Research reduced their Q3 2025 earnings per share estimates for shares of Avis Budget Group in a note issued to investors on Thursday, November 21st. Zacks Research analyst S. Dey now anticipates that the business services provider will earn $8.52 per share for the quarter, down from their prior forecast of $8.82. The consensus estimate for Avis Budget Group’s current full-year earnings is $4.59 per share. Zacks Research also issued estimates for Avis Budget Group’s Q3 2026 earnings at $4.65 EPS.

Several other analysts also recently issued reports on CAR. StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Barclays started coverage on Avis Budget Group in a research note on Thursday, September 19th. They issued an “equal weight” rating and a $105.00 target price on the stock. Northcoast Research downgraded Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. The Goldman Sachs Group reduced their price objective on Avis Budget Group from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $133.13.

Avis Budget Group Trading Up 6.0 %

Shares of NASDAQ CAR opened at $108.81 on Monday. The company’s 50-day moving average price is $88.57 and its 200 day moving average price is $95.75. Avis Budget Group has a 52 week low of $65.73 and a 52 week high of $204.77. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 9.94 and a beta of 2.14.

Avis Budget Group (NASDAQ:CAR) last posted its earnings results on Thursday, October 31st. The business services provider reported $6.65 earnings per share for the quarter, missing the consensus estimate of $8.55 by ($1.90). The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.53 billion. Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company posted $16.78 EPS.

Institutional Trading of Avis Budget Group

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in shares of Avis Budget Group by 19,203.5% during the 3rd quarter. International Assets Investment Management LLC now owns 481,044 shares of the business services provider’s stock valued at $421,350,000 after acquiring an additional 478,552 shares during the last quarter. Rubric Capital Management LP increased its position in Avis Budget Group by 220.9% during the second quarter. Rubric Capital Management LP now owns 690,273 shares of the business services provider’s stock worth $72,147,000 after purchasing an additional 475,181 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Avis Budget Group during the second quarter worth approximately $19,978,000. FMR LLC boosted its holdings in shares of Avis Budget Group by 4.0% in the 3rd quarter. FMR LLC now owns 3,354,546 shares of the business services provider’s stock valued at $293,825,000 after purchasing an additional 129,805 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of Avis Budget Group during the 2nd quarter valued at $10,452,000. 96.35% of the stock is owned by institutional investors and hedge funds.

About Avis Budget Group

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.