Avis Budget Group (NASDAQ:CAR) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Avis Budget Group (NASDAQ:CAR) had its price objective lowered by JPMorgan Chase & Co. from $105.00 to $85.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the business services provider’s stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays decreased their price target on shares of Avis Budget Group from $160.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a research note on Monday, August 17th. Susquehanna cut their price target on shares of Avis Budget Group from $140.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley cut their price objective on Avis Budget Group from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Avis Budget Group has a consensus rating of “Reduce” and an average target price of $116.14.

Avis Budget Group Stock Performance

Shares of Avis Budget Group stock opened at $118.83 on Thursday. The stock has a market capitalization of $4.20 billion, a PE ratio of -5.14 and a beta of 1.95. Avis Budget Group has a 52 week low of $85.96 and a 52 week high of $847.70. The stock has a 50 day moving average price of $114.17 and a two-hundred day moving average price of $152.93.

Avis Budget Group (NASDAQ:CAR) last issued its earnings results on Tuesday, November 3rd. The business services provider reported $5.15 earnings per share for the quarter, missing analysts’ consensus estimates of $8.01 by ($2.86). The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm earned $10.11 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts forecast that Avis Budget Group will post 1.08 EPS for the current year.

Institutional Trading of Avis Budget Group

Several institutional investors have recently added to or reduced their stakes in CAR. Hollencrest Capital Management purchased a new stake in shares of Avis Budget Group during the 1st quarter valued at about $44,000. Allworth Financial LP bought a new position in Avis Budget Group in the 2nd quarter worth $77,000. Nykredit A S bought a new position in shares of Avis Budget Group in the second quarter worth about $80,000. Parallel Advisors LLC lifted its holdings in Avis Budget Group by 11.6% during the first quarter. Parallel Advisors LLC now owns 587 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 61 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Avis Budget Group by 11.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,140 shares of the business services provider’s stock valued at $122,000 after buying an additional 113 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

More Avis Budget Group News

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

• Positive Sentiment: Shares reportedly gained attention after Avis posted record fleet utilization and better cash flow, while investors looked toward a Q4 EBITDA recovery despite the earnings miss. Avis Budget Stock Appreciates 10% Despite Earnings Miss in Q3
• Neutral Sentiment: The company projected approximately $850 million in full-year 2026 adjusted EBITDA and said it is targeting meaningful revenue-management benefits by summer 2027. These are potential supports, though the benefits are not expected immediately. Avis Budget projects full-year 2026 adjusted EBITDA
• Negative Sentiment: Q3 adjusted earnings were $5.15 per share, below the $8.01 consensus, and revenue fell 2.4% year over year to $3.44 billion. Soft travel demand remains a concern for rental volumes and pricing.
• Negative Sentiment: JPMorgan cut its price target to $85 from $105 and maintained an “underweight” rating, citing downside risk. JPMorgan price target and rating
• Negative Sentiment: Goldman Sachs raised its target to $108 from $94 but kept a “sell” rating, indicating its outlook remains cautious. Goldman Sachs price target and rating

About Avis Budget Group

Avis Budget Group, Inc is a provider of mobility and vehicle-rental services. Through its Avis and Budget brands, the company offers car and truck rentals to business and leisure customers, serving travelers through airport and neighborhood locations as well as digital booking channels.

The company also operates Zipcar, a car-sharing service that provides members with access to vehicles for short-term use. Its brand portfolio has also included Payless, which serves value-oriented rental customers.