Edgestream Partners L.P. Decreases Stock Position in Avis Budget Group, Inc. $CAR

Edgestream Partners L.P. trimmed its position in shares of Avis Budget Group, Inc. (NASDAQ:CAR) by 17.2% in the first quarter, Holdings Channel.com reports. The firm owned 41,780 shares of the business services provider’s stock after selling 8,678 shares during the period. Edgestream Partners L.P.’s holdings in Avis Budget Group were worth $6,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in Avis Budget Group by 1,845.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock valued at $27,000 after buying an additional 203 shares during the last quarter. Quarry LP acquired a new stake in shares of Avis Budget Group during the fourth quarter valued at about $27,000. Basepoint Wealth LLC purchased a new stake in shares of Avis Budget Group during the fourth quarter worth about $32,000. Hollencrest Capital Management purchased a new stake in shares of Avis Budget Group during the first quarter worth about $44,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Avis Budget Group by 26.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock worth $58,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CAR shares. Susquehanna increased their price target on Avis Budget Group from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays set a $160.00 price objective on Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Morgan Stanley upped their target price on Avis Budget Group from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Avis Budget Group in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $125.00 price target on shares of Avis Budget Group in a research report on Friday, May 1st. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Avis Budget Group presently has a consensus rating of “Reduce” and a consensus price target of $132.75.

More Avis Budget Group News

Here are the key news stories impacting Avis Budget Group this week:

• Positive Sentiment: Management highlighted record vehicle utilization and progress on strategic efficiency initiatives during the earnings call. Better fleet productivity could support margins if demand improves. Avis Budget Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: A new agreement restored Avis’s relationship with Verra Mobility, preserving an important business connection, although the contract economics are reportedly less favorable than before. Verra Mobility Resumes Relationship With Avis
• Neutral Sentiment: Avis faces a fleet-management test as it works to balance vehicle availability, utilization, and replacement costs amid changing rental demand. Avis Budget Group Faces a Fleet Test
• Negative Sentiment: Second-quarter adjusted earnings were $0.98 per share, missing the $2.05 consensus estimate by $1.07. Revenue was approximately $3.0 billion versus expectations of $3.10 billion and declined 1.3% year over year. Avis Budget Group Reports Second Quarter 2026 Results
• Negative Sentiment: Sluggish travel demand weighed on rental performance, while recall-driven costs increased pressure on the company’s earnings outlook. The combination raised concerns about near-term profitability and fleet expenses. Avis Budget Group Is Down After Recall-Driven Costs
• Negative Sentiment: The earnings miss prompted a sharp downward move and a gap lower at the next market open, reflecting reduced investor confidence in Avis’s near-term earnings trajectory. Avis Budget Group Shares Gap Down on Disappointing Earnings

Avis Budget Group Stock Performance

Shares of Avis Budget Group stock opened at $152.00 on Friday. Avis Budget Group, Inc. has a 1 year low of $85.96 and a 1 year high of $847.70. The firm’s 50-day simple moving average is $168.44 and its 200-day simple moving average is $167.33. The firm has a market cap of $5.37 billion, a PE ratio of -8.37 and a beta of 1.91.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07). The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.10 billion. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. On average, equities analysts predict that Avis Budget Group, Inc. will post 2.91 earnings per share for the current year.

About Avis Budget Group

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.