Man Group plc Makes New Investment in Avis Budget Group, Inc. $CAR

Man Group plc bought a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,142 shares of the business services provider’s stock, valued at approximately $5,786,000.

Other hedge funds have also bought and sold shares of the company. UBS Group AG grew its stake in shares of Avis Budget Group by 10.7% during the 3rd quarter. UBS Group AG now owns 2,159,993 shares of the business services provider’s stock valued at $346,841,000 after acquiring an additional 208,820 shares during the period. Morgan Stanley boosted its position in shares of Avis Budget Group by 38.1% in the fourth quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock worth $253,519,000 after purchasing an additional 545,574 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Avis Budget Group in the second quarter worth $247,773,000. BlackRock Inc. bought a new stake in shares of Avis Budget Group during the 2nd quarter valued at $245,413,000. Finally, State Street Corp lifted its stake in shares of Avis Budget Group by 1.0% during the 2nd quarter. State Street Corp now owns 713,127 shares of the business services provider’s stock valued at $120,554,000 after buying an additional 7,318 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

CAR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Barclays set a $160.00 price target on Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Avis Budget Group in a research note on Monday, August 17th. Zacks Research lowered shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Morgan Stanley lifted their price objective on shares of 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. Five investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $135.57.

Avis Budget Group Stock Down 1.0%

Shares of CAR opened at $138.12 on Friday. The business has a fifty day moving average of $152.67 and a 200 day moving average of $169.89. The company has a market cap of $4.88 billion, a PE ratio of -7.60 and a beta of 1.92. Avis Budget Group, Inc. has a 52-week low of $85.96 and a 52-week high of $847.70.

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 the consensus estimate of $2.05 by ($1.07). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, research analysts anticipate that Avis Budget Group, Inc. will post 1.36 earnings per share for the current fiscal year.

Key Headlines Impacting Avis Budget Group

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

• Neutral Sentiment: Several law firms reminded Avis investors that September 29, 2026 is the deadline to seek appointment as lead plaintiff in a securities class action. The notices are largely procedural and encourage investors with losses to contact counsel. Some filings identify the class period as February 20, 2025–April 21, 2026, while another notice cites February 20, 2026–April 21, 2026. Avis Budget Group class action deadline notice
• Negative Sentiment: The lawsuit alleges violations of federal securities laws by Pentwater Capital Management and its founder and chief investment officer, Matthew Halbower, in connection with reported ownership of Avis shares and call options before a sharp decline in Avis stock. Although the principal defendants named in the notices are Pentwater and Halbower rather than Avis itself, the litigation creates legal, reputational, and investor-confidence overhang for CAR. The allegations have not been proven. Pomerantz Avis class action filing
• Negative Sentiment: Recent earnings momentum is also weighing on the stock. Avis reported quarterly EPS of $0.98, missing the $2.05 consensus estimate, while revenue of approximately $3.0 billion fell short of the $3.1 billion forecast and declined 1.3% year over year. Analysts expect only $1.36 in full-year EPS, reinforcing concerns about profitability and operating conditions. Why Avis Budget is down since earnings
• Negative Sentiment: GuruFocus estimated Avis’s GF Value at $129.16 versus a recent reference price of $139.49, suggesting the shares may still appear overvalued despite their substantial decline and high volatility. GuruFocus Avis valuation analysis

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.