Avis Budget Group (NASDAQ:CAR) Stock Rating Upgraded by Zacks Research

Avis Budget Group (NASDAQ:CAR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other analysts have also weighed in on the company. Wall Street Zen lowered Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Avis Budget Group from $155.00 to $170.00 and gave the company an “underweight” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Susquehanna upped their price target on shares of Avis Budget Group from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays set a $160.00 price objective on shares of Avis Budget Group and gave the stock an “equal weight” rating in a research report on Monday, June 8th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $135.57.

Avis Budget Group Stock Down 2.0%

Avis Budget Group stock opened at $137.84 on Tuesday. Avis Budget Group has a 52-week low of $85.96 and a 52-week high of $847.70. The firm’s fifty day moving average is $150.15 and its 200 day moving average is $170.79. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -7.59 and a beta of 1.91.

Avis Budget Group (NASDAQ:CAR) last announced its earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($1.07). The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $0.10 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Avis Budget Group will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CAR. Royal Bank of Canada lifted its holdings in Avis Budget Group by 414.0% during the first 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 in the last quarter. Empowered Funds LLC lifted its stake in Avis Budget Group by 10.1% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Avis Budget Group by 16.6% in 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 Avis Budget Group in the 2nd quarter worth about $352,000. Finally, EverSource Wealth Advisors LLC increased its stake in Avis Budget Group by 19.6% during 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 in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Trending Headlines about Avis Budget Group

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

• Neutral Sentiment: Investors who purchased Avis securities, including shares bought to cover a short position, between February 20, 2025, and April 21, 2026, have been notified of a September 29, 2026 deadline to seek appointment as lead plaintiff. Multiple firms are soliciting affected investors, but the notices do not indicate that a court has determined liability. Rosen investor deadline notice
• Negative Sentiment: The lawsuit, filed in federal court in Florida, alleges that Pentwater Capital Management LP and founder, CEO and CIO Matthew Halbower violated federal securities laws through alleged market-manipulation, pump-and-dump activity, and misleading statements related to an Avis short squeeze. The allegations remain unproven. Pomerantz class action announcement
• Negative Sentiment: According to the investor notices, Pentwater allegedly built a 51% economic interest in Avis before selling 4.3 million shares for approximately $1.75 billion, potentially leaving other shareholders with losses. The claims could create uncertainty around Avis’s investor relations, reputation and potential litigation exposure, although the reported action primarily targets Pentwater and Halbower. Shareholder alert on alleged Pentwater activity
• Negative Sentiment: The unusually large number of law-firm announcements over the past two days keeps the allegations in the market’s focus and may amplify volatility in CAR, which already has a high beta and recently traded below its 50-day and 200-day moving averages.

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.