Q1 EPS Forecast for Avis Budget Group Increased by Analyst

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Equities researchers at Zacks Research boosted their Q1 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 expects that the business services provider will post earnings of ($4.23) per share for the quarter, up from their previous forecast of ($4.32). 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 2025 earnings at $2.49 EPS, Q4 2025 earnings at $1.25 EPS, FY2025 earnings at $8.32 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $9.40 EPS.

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 (EPS) 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 firm had revenue of $3.48 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same quarter in the previous year, the company posted $16.78 earnings per share. Avis Budget Group's revenue for the quarter was down 2.4% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Northcoast Research downgraded shares of Avis Budget Group from a "buy" rating to a "neutral" rating in a research report on Monday, November 18th. Barclays started coverage on shares of Avis Budget Group in a research report on Thursday, September 19th. They set an "equal weight" rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. dropped 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 report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Avis Budget Group presently has a consensus rating of "Hold" and a consensus price target of $133.75.

Avis Budget Group Stock Down 1.5 %

Shares of NASDAQ CAR traded down $1.40 during midday trading on Monday, reaching $90.79. The company had a trading volume of 649,192 shares, compared to its average volume of 709,820. The firm's fifty day moving average price is $93.78 and its 200-day moving average price is $94.27. The stock has a market cap of $3.19 billion, a PE ratio of 8.29 and a beta of 2.20. Avis Budget Group has a one year low of $65.73 and a one year high of $195.05.

Institutional Investors Weigh In On Avis Budget Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAR. Wolverine Asset Management LLC boosted its stake in Avis Budget Group by 93.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 16,771 shares of the business services provider's stock worth $1,469,000 after purchasing an additional 8,100 shares during the period. Barclays PLC boosted its stake in Avis Budget Group by 30.5% in the 3rd quarter. Barclays PLC now owns 200,576 shares of the business services provider's stock worth $17,571,000 after purchasing an additional 46,922 shares during the period. Lecap Asset Management Ltd. bought a new position in Avis Budget Group in the 2nd quarter worth approximately $1,400,000. Algert Global LLC boosted its stake in Avis Budget Group by 123.8% in the 3rd quarter. Algert Global LLC now owns 22,745 shares of the business services provider's stock worth $1,992,000 after purchasing an additional 12,580 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Avis Budget Group by 266.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,100 shares of the business services provider's stock worth $6,595,000 after purchasing an additional 45,900 shares during the period. 96.35% of the stock is 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.