Avis Budget Group (NASDAQ:CAR) EVP Ravi Simhambhatla Sells 3,469 Shares

Avis Budget Group, Inc. (NASDAQ:CAR) EVP Ravi Simhambhatla sold 3,469 shares of the business’s stock in a transaction dated 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 directly owned 13,876 shares of the company’s stock, valued at $2,554,432.84. This represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Avis Budget Group Price Performance

Shares of NASDAQ:CAR opened at $180.67 on Friday. Avis Budget Group, Inc. has a fifty-two week low of $85.96 and a fifty-two week high of $847.70. The business has a 50-day moving average of $197.79 and a two-hundred day moving average of $154.39. The stock has a market capitalization of $6.38 billion, a P/E ratio of -9.48 and a beta of 1.94.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported ($8.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.82) by ($1.19). The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the company earned ($14.35) earnings per share. Avis Budget Group’s revenue was up 4.1% on a year-over-year basis. As a group, research analysts expect that Avis Budget Group, Inc. will post 3.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Avis Budget Group

A number of institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Avis Budget Group by 3.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,474 shares of the business services provider’s stock worth $507,000 after purchasing an additional 100 shares during the period. Flatrock Wealth Partners LLC bought a new position in shares of Avis Budget Group in the first quarter worth about $225,000. Essex Financial Services Inc. increased its stake in shares of Avis Budget Group by 15.4% in the first quarter. Essex Financial Services Inc. now owns 2,155 shares of the business services provider’s stock worth $314,000 after purchasing an additional 287 shares during the period. Louisiana State Employees Retirement System bought a new position in Avis Budget Group during the first quarter valued at about $715,000. Finally, Blue Trust Inc. increased its stake in Avis Budget Group by 3,914.3% during the first quarter. Blue Trust Inc. now owns 562 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 548 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Avis Budget Group News Summary

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

• Positive Sentiment: Q1 revenue beat and improving regional trends — Avis reported revenue of $2.53B, above consensus, and Americas revenue grew (the first y/y growth since 2023), which supports recovery in core demand. Avis Budget: Q1 Americas Revenue Up, First Growth Since ’23
• Neutral Sentiment: Legal/trading developments remain unresolved — the company disclosed a trading dispute with a hedge fund tied to the recent squeeze (Avis says the fund owes it money); the outcome could move the stock but timing and size are uncertain. A Wild Short Squeeze on Avis’s Stock Takes Another Surprising Turn
• Neutral Sentiment: Relative market action — Hertz rallied on an unrelated Uber robotaxi deal while Avis showed much smaller moves, highlighting that some peer catalysts aren’t helping CAR today. Hertz Gains 13% on Uber Robotaxi Deal While Avis Rises 2%
• Negative Sentiment: EPS miss and stock reaction — Q1 EPS was a wider loss (?$8.01 vs. est. ?$6.82), which triggered sharp intraday selling and headline-driven volatility. Avis Budget Group Delivers Impressive Q1 CY2026 But Stock Drops
• Negative Sentiment: Heavy insider/institutional selling — large block sales by Pentwater and other disclosures have pressured sentiment and increased supply. Pentwater Capital Management L Sells Shares
• Negative Sentiment: Volatility signals and bearish flows — temporary trading halts (LULD pauses), a surge in put buying, and headlines about a dramatic short-squeeze reversal increase downside risk and trading unpredictability. Avis Shares Plunges After Mixed Q1 Results

Analysts Set New Price Targets

CAR has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Wall Street Zen lowered Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Deutsche Bank Aktiengesellschaft lowered Avis Budget Group from a “buy” rating to a “hold” rating and set a $128.00 price objective on the stock. in a research note on Monday, April 6th. The Goldman Sachs Group set a $85.00 price objective on Avis Budget Group in a research note on Monday, February 23rd. Finally, Barclays lowered Avis Budget Group from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $95.00 to $150.00 in a research note on Monday, April 20th. Three analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Avis Budget Group presently has an average rating of “Strong Sell” and an average target price of $124.00.

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.