Q3 EPS Estimates for Avis Budget Group Cut by Zacks Research

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for Avis Budget Group in a research report issued on Thursday, November 21st. Zacks Research analyst S. Dey now expects 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 have also recently weighed in on the stock. Susquehanna reduced their target price on shares of Avis Budget Group from $120.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Northcoast Research cut shares of Avis Budget Group from a "buy" rating to a "neutral" rating in a report on Monday, November 18th. StockNews.com upgraded shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Avis Budget Group from $145.00 to $143.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $133.13.

Avis Budget Group Trading Up 6.9 %

NASDAQ:CAR traded up $7.05 during mid-day trading on Monday, hitting $109.72. The stock had a trading volume of 593,654 shares, compared to its average volume of 720,555. The stock has a 50-day simple moving average of $88.57 and a two-hundred day simple moving average of $95.75. The company has a market capitalization of $3.86 billion, a PE ratio of 10.14 and a beta of 2.14. Avis Budget Group has a twelve month low of $65.73 and a twelve month high of $204.77.

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

Hedge Funds Weigh In On Avis Budget Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Avis Budget Group by 4.0% during the 3rd quarter. FMR LLC now owns 3,354,546 shares of the business services provider's stock worth $293,825,000 after purchasing an additional 129,805 shares in the last quarter. Rubric Capital Management LP boosted its position 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 worth $72,147,000 after purchasing an additional 475,181 shares in the last quarter. State Street Corp boosted its position in shares of 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 purchasing an additional 16,221 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Avis Budget Group by 0.4% during 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 purchasing an additional 2,561 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position 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 worth $421,350,000 after purchasing an additional 478,552 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

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.