Zacks Research Issues Pessimistic Forecast for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Zacks Research lowered their Q3 2025 earnings per share (EPS) estimates for Avis Budget Group in a research note issued on Wednesday, December 11th. Zacks Research analyst S. Dey now anticipates that the business services provider will earn $8.27 per share 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.

A number of other research analysts have also weighed in on CAR. Deutsche Bank Aktiengesellschaft decreased 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 note on Tuesday, November 5th. Barclays initiated coverage on shares of Avis Budget Group in a report on Thursday, September 19th. They issued an "equal weight" rating and a $105.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Northcoast Research downgraded shares of Avis Budget Group from a "buy" rating to a "neutral" rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a "neutral" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Avis Budget Group has an average rating of "Hold" and a consensus price target of $133.75.

Avis Budget Group Price Performance

Avis Budget Group stock traded down $2.32 during midday trading on Friday, reaching $93.77. The company had a trading volume of 171,056 shares, compared to its average volume of 708,955. The company has a market capitalization of $3.30 billion, a P/E ratio of 8.78 and a beta of 2.20. Avis Budget Group has a 12-month low of $65.73 and a 12-month high of $202.50. The firm's fifty day simple moving average is $93.71 and its 200-day simple moving average is $94.63.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last announced its quarterly 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 company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.53 billion. Avis Budget Group had a negative return on equity of 101.41% and a net margin of 3.34%. Avis Budget Group's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $16.78 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp acquired a new stake in shares of Avis Budget Group in the third quarter valued at approximately $333,000. Barclays PLC lifted its stake in shares of Avis Budget Group by 30.5% during the third quarter. Barclays PLC now owns 200,576 shares of the business services provider's stock valued at $17,571,000 after buying an additional 46,922 shares during the period. XTX Topco Ltd purchased a new position in shares of Avis Budget Group in the 3rd quarter worth $685,000. National Bank of Canada FI lifted its stake in shares of Avis Budget Group by 1,858.7% in the 3rd quarter. National Bank of Canada FI now owns 90,000 shares of the business services provider's stock valued at $7,883,000 after purchasing an additional 85,405 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its stake in shares of Avis Budget Group by 65.0% during the third quarter. Whitebox Advisors LLC now owns 33,003 shares of the business services provider's stock worth $2,891,000 after purchasing an additional 13,000 shares in the last quarter. 96.35% of the stock is currently 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.