Avis Budget Group (NASDAQ:CAR) Upgraded at Zacks Research

Avis Budget Group (NASDAQ:CAR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Avis Budget Group’s Q4 2025 earnings at ($0.28) EPS, FY2025 earnings at ($4.42) EPS, Q1 2026 earnings at ($2.25) EPS, Q2 2026 earnings at $2.88 EPS, Q3 2026 earnings at $7.04 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $8.12 EPS, Q1 2027 earnings at $2.14 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $3.79 EPS and FY2027 earnings at $9.66 EPS.

CAR has been the topic of several other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Avis Budget Group in a research note on Wednesday, October 8th. Susquehanna decreased their price objective on Avis Budget Group from $145.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Bank of America reaffirmed an “underperform” rating and issued a $113.00 target price (down previously from $120.00) on shares of Avis Budget Group in a research report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price target on Avis Budget Group from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, Barclays decreased their price target on Avis Budget Group from $150.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Avis Budget Group presently has an average rating of “Reduce” and an average price target of $136.83.

Avis Budget Group Stock Performance

NASDAQ CAR opened at $132.19 on Tuesday. Avis Budget Group has a 52 week low of $54.03 and a 52 week high of $212.81. The stock’s 50 day moving average price is $148.94 and its two-hundred day moving average price is $149.96. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -2.21 and a beta of 2.12.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Monday, October 27th. The business services provider reported $10.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.11 by $2.00. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. Avis Budget Group’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $6.65 earnings per share. On average, equities research analysts forecast that Avis Budget Group will post 8.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of Avis Budget Group by 48,706.7% during the 2nd quarter. Hsbc Holdings PLC now owns 1,552,542 shares of the business services provider’s stock worth $256,629,000 after purchasing an additional 1,549,361 shares in the last quarter. ING Groep NV lifted its position in Avis Budget Group by 440.2% during the third quarter. ING Groep NV now owns 1,035,000 shares of the business services provider’s stock worth $166,195,000 after purchasing an additional 843,400 shares during the period. National Bank of Canada FI grew its stake in Avis Budget Group by 166.7% during the second quarter. National Bank of Canada FI now owns 880,239 shares of the business services provider’s stock worth $148,804,000 after buying an additional 550,239 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Avis Budget Group during the third quarter worth about $64,231,000. Finally, Mizuho Markets Americas LLC bought a new position in Avis Budget Group in the 1st quarter valued at about $18,975,000. 96.35% of the stock is owned by institutional investors.

About Avis Budget Group

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.