Avis Budget Group (CAR) Projected to Post Quarterly Earnings on Tuesday

Avis Budget Group (NASDAQ:CAR) is expected to announce its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect Avis Budget Group to announce earnings of $2.05 per share and revenue of $3.0974 billion for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:30 AM ET.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported ($8.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.82) by ($1.19). The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.43 billion. Avis Budget Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($14.35) earnings per share. On average, analysts expect Avis Budget Group to post $3 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Avis Budget Group Stock Performance

NASDAQ CAR opened at $159.48 on Monday. The stock has a 50 day moving average price of $167.86 and a 200-day moving average price of $166.46. Avis Budget Group has a one year low of $85.96 and a one year high of $847.70. The company has a market capitalization of $5.63 billion, a P/E ratio of -8.37 and a beta of 1.91.

Insiders Place Their Bets

In other news, EVP Ravi Simhambhatla sold 3,469 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $184.09, for a total value of $638,608.21. Following the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $2,554,432.84. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward P. Linnen sold 9,483 shares of the firm’s stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. Insiders own 50.48% of the company’s stock.

Institutional Trading of Avis Budget Group

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Avis Budget Group by 19.6% in the second quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock worth $72,000 after purchasing an additional 70 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Avis Budget Group by 26.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock valued at $58,000 after buying an additional 76 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Avis Budget Group by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 7,890 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 131 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Avis Budget Group by 1.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 7,754 shares of the business services provider’s stock worth $995,000 after buying an additional 137 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Avis Budget Group by 1.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 10,361 shares of the business services provider’s stock worth $1,673,000 after buying an additional 147 shares during the period. Institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

CAR has been the subject of several research reports. Wall Street Zen upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays set a $160.00 target price on shares of Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Susquehanna upped their target price on shares of Avis Budget Group from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group downgraded shares of Avis Budget Group from a “buy” rating to a “hold” rating and increased their price target for the company from $112.00 to $160.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group lifted their price target on Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a research report on Friday. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Avis Budget Group presently has an average rating of “Reduce” and an average target price of $132.75.

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.