Avis Budget Group, Inc. (NASDAQ:CAR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Avis Budget Group, Inc. (NASDAQ:CAR) have been given a consensus rating of “Reduce” by the ten research firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $132.75.

CAR has been the subject of a number of recent analyst reports. Zacks Research downgraded Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $125.00 price target on shares of Avis Budget Group in a report on Friday, May 1st. Finally, Susquehanna upped their price objective on shares of Avis Budget Group from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th.

Hedge Funds Weigh In On Avis Budget Group

Several institutional investors and hedge funds have recently bought and sold shares of CAR. Royal Bank of Canada boosted its holdings in shares of Avis Budget Group by 414.0% in the 1st quarter. Royal Bank of Canada now owns 17,860 shares of the business services provider’s stock valued at $1,355,000 after purchasing an additional 14,385 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Avis Budget Group by 10.1% during the 1st quarter. Empowered Funds LLC now owns 3,749 shares of the business services provider’s stock valued at $285,000 after buying an additional 343 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Avis Budget Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,023 shares of the business services provider’s stock worth $4,935,000 after buying an additional 9,246 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Avis Budget Group during the 2nd quarter worth $352,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Avis Budget Group by 19.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock worth $72,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Avis Budget Group Stock Performance

CAR stock opened at $139.58 on Thursday. The stock has a market capitalization of $4.93 billion, a P/E ratio of -7.68 and a beta of 1.92. Avis Budget Group has a one year low of $85.96 and a one year high of $847.70. The company has a 50 day moving average price of $162.91 and a two-hundred day moving average price of $168.25.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts forecast that Avis Budget Group will post 1.69 earnings per share for the current fiscal year.

More Avis Budget Group News

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

• Negative Sentiment: The lawsuit, filed in federal court, alleges that Pentwater Capital Management and founder Matthew Halbower violated U.S. securities laws through alleged market manipulation and misleading statements related to Avis’s stock, including claims involving a short squeeze. Investors who purchased or acquired Avis securities between February 20, 2025, and April 21, 2026—including shares bought to cover short positions—may be included. Pomerantz class action announcement
• Negative Sentiment: Several firms, including Rosen, Kaplan Fox, Bernstein Liebhard, Kahn Swick & Foti, Levi & Korsinsky, and The Gross Law Firm, are soliciting affected investors. The repeated announcements increase visibility around the allegations and could reinforce concerns about potential litigation costs, damages, reputational harm, and management distraction for Avis. Rosen investor notice
• Neutral Sentiment: The September 29 deadline is primarily a procedural step for investors seeking lead-plaintiff status; it does not establish that Avis or Pentwater is liable. The financial impact remains uncertain because the case is ongoing.
• Negative Sentiment: Separately, Avis’s latest reported quarter missed analyst expectations on both earnings and revenue, while revenue declined year over year. That weaker operating performance adds to the stock’s near-term pressure alongside the litigation headlines.

Avis Budget Group Company Profile

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.