Zacks Research Cuts Earnings Estimates for Avis Budget Group

Avis Budget Group, Inc. (NASDAQ:CAR) – Research analysts at Zacks Research reduced their Q2 2026 EPS estimates for shares of Avis Budget Group in a research note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now anticipates that the business services provider will earn $2.40 per share for the quarter, down from their previous estimate of $2.70. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Avis Budget Group’s current full-year earnings is $3.46 per share. Zacks Research also issued estimates for Avis Budget Group’s Q2 2027 earnings at $1.85 EPS.

Several other brokerages also recently commented on CAR. Jefferies Financial Group downgraded Avis Budget Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $112.00 to $160.00 in a report on Friday, May 1st. Susquehanna raised their price objective on Avis Budget Group from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. The Goldman Sachs Group set a $85.00 price objective on Avis Budget Group in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $125.00 target price on shares of Avis Budget Group in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Avis Budget Group from $165.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, May 1st. Five research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $125.25.

Avis Budget Group Stock Up 3.2%

NASDAQ CAR opened at $157.71 on Friday. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of -8.28 and a beta of 1.91. Avis Budget Group has a twelve month low of $85.96 and a twelve month high of $847.70. The stock has a fifty day simple moving average of $212.62 and a 200 day simple moving average of $154.78.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported ($8.01) EPS for the quarter, missing analysts’ consensus estimates of ($6.82) by ($1.19). The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the business posted ($14.35) EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CAR. ING Groep NV lifted its position in shares of Avis Budget Group by 440.2% during the 3rd quarter. ING Groep NV now owns 1,035,000 shares of the business services provider’s stock valued at $166,195,000 after acquiring an additional 843,400 shares during the period. UBS Group AG increased its stake in Avis Budget Group by 37.3% in the fourth quarter. UBS Group AG now owns 2,964,807 shares of the business services provider’s stock valued at $380,444,000 after purchasing an additional 804,814 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Avis Budget Group in the third quarter valued at $97,951,000. Morgan Stanley raised its holdings in shares of Avis Budget Group by 38.1% during the fourth quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock valued at $253,519,000 after purchasing an additional 545,574 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Avis Budget Group by 46.6% during the third quarter. National Bank of Canada FI now owns 1,290,000 shares of the business services provider’s stock valued at $207,142,000 after purchasing an additional 409,761 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Activity at Avis Budget Group

In related news, EVP Edward P. Linnen sold 9,483 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $182.32, for a total transaction of $1,728,940.56. Following the completion of the sale, the executive vice president owned 37,932 shares of the company’s stock, valued at $6,915,762.24. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ravi Simhambhatla sold 3,469 shares of Avis Budget Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $184.09, for a total value of $638,608.21. Following the completion of the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $2,554,432.84. The trade was a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,299 shares of company stock worth $3,836,012 in the last 90 days. Corporate insiders own 50.48% of the company’s stock.

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.