Zacks Research Issues Negative Forecast for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Stock analysts at Zacks Research lowered their Q3 2025 earnings per share (EPS) estimates for shares of Avis Budget Group in a research 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 estimate 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.

CAR has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group dropped their price target on Avis Budget Group from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Susquehanna lowered 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 research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $133.13.

Avis Budget Group Price Performance

NASDAQ CAR opened at $108.81 on Monday. The firm’s fifty day moving average price is $88.57 and its 200 day moving average price is $95.75. Avis Budget Group has a 12 month low of $65.73 and a 12 month high of $204.77. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 9.94 and a beta of 2.14.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $6.65 EPS for the quarter, missing the consensus estimate of $8.55 by ($1.90). The company 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%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.78 earnings per share.

Institutional Trading of Avis Budget Group

Several hedge funds have recently made changes to their positions in CAR. International Assets Investment Management LLC raised its holdings in Avis Budget Group by 19,203.5% during the third 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. Rubric Capital Management LP raised its stake 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 buying an additional 475,181 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Avis Budget Group in the 2nd quarter valued at approximately $19,978,000. FMR LLC boosted its stake in shares of 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 buying an additional 129,805 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new position in Avis Budget Group during the second quarter worth $10,452,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.