What is Zacks Research’s Forecast for CAR Q3 Earnings?

Avis Budget Group, Inc. (NASDAQ:CAR) – Investment analysts at Zacks Research decreased their Q3 2025 earnings per share (EPS) estimates for Avis Budget Group in a research report issued on Wednesday, December 11th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $8.27 for the quarter, down from their prior forecast of $8.52. The consensus estimate for Avis Budget Group’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Avis Budget Group’s Q2 2026 earnings at $2.77 EPS and Q3 2026 earnings at $4.29 EPS.

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

Several other research analysts also recently weighed in on CAR. Deutsche Bank Aktiengesellschaft cut their price target on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Northcoast Research downgraded Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.75.

Avis Budget Group Stock Performance

Shares of CAR opened at $92.19 on Friday. Avis Budget Group has a 1 year low of $65.73 and a 1 year high of $202.50. The company’s 50 day simple moving average is $93.78 and its 200 day simple moving average is $94.38. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.42 and a beta of 2.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in Avis Budget Group by 4.0% in the third 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 period. Rubric Capital Management LP raised its holdings in shares of Avis Budget Group by 220.9% during the 2nd quarter. Rubric Capital Management LP now owns 690,273 shares of the business services provider’s stock valued at $72,147,000 after buying an additional 475,181 shares during the period. State Street Corp lifted its position in Avis Budget Group by 2.5% during the 3rd quarter. State Street Corp now owns 672,227 shares of the business services provider’s stock worth $58,880,000 after acquiring an additional 16,221 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Avis Budget Group by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 592,341 shares of the business services provider’s stock worth $51,883,000 after acquiring an additional 2,561 shares during the period. Finally, International Assets Investment Management LLC grew its position in Avis Budget Group by 19,203.5% in the third 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 in the last quarter. 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.