4,958 Shares in Avis Budget Group, Inc. $CAR Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Avis Budget Group, Inc. (NASDAQ:CAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,958 shares of the business services provider’s stock, valued at approximately $733,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Avis Budget Group by 414.0% in the 1st quarter. Royal Bank of Canada now owns 17,860 shares of the business services provider’s stock worth $1,355,000 after acquiring an additional 14,385 shares in the last quarter. Empowered Funds LLC raised its position in shares of Avis Budget Group by 10.1% during the 1st quarter. Empowered Funds LLC now owns 3,749 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 343 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Avis Budget Group by 16.6% during the first 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 purchasing an additional 9,246 shares during the last quarter. Prudential Financial Inc. bought a new position in Avis Budget Group during the second quarter worth $352,000. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 period. Institutional investors and hedge funds own 96.35% of the company’s stock.

More Avis Budget Group News

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

• Neutral Sentiment: Multiple law firms, including Rosen Law Firm, Kaplan Fox, Kahn Swick & Foti, and Bernstein Liebhard, reminded investors of a September 29, 2026 deadline to seek appointment as lead plaintiff. The proposed class covers investors who purchased Avis securities between February 20, 2025, and April 21, 2026. Rosen Law Firm deadline announcement
• Negative Sentiment: The lawsuit alleges that Pentwater disclosed its growing Avis position in stages while failing to disclose its trading intentions, leaving investors exposed when approximately 4.3 million shares were sold over two trading sessions. The claims seek damages under federal securities laws and could keep selling pressure and litigation risk in focus for CAR investors. Pomerantz class-action filing
• Negative Sentiment: The unusually high volume of near-identical law-firm notices increases the visibility of the legal dispute and may weigh on sentiment toward Avis, even though the case focuses on Pentwater’s alleged disclosures and trading activity. The developments add to existing concerns following Avis’s recent quarterly earnings miss and lower revenue.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAR. Zacks Research upgraded shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Wall Street Zen lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays set a $160.00 price objective on shares of Avis Budget Group and gave the company an “equal weight” rating in a research report on Monday, June 8th. The Goldman Sachs Group increased their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $135.57.

Avis Budget Group Stock Performance

Shares of CAR stock opened at $132.63 on Thursday. Avis Budget Group, Inc. has a 1 year low of $85.96 and a 1 year high of $847.70. The stock has a fifty day moving average of $148.17 and a two-hundred day moving average of $171.52. The firm has a market capitalization of $4.69 billion, a PE ratio of -7.30 and a beta of 1.91.

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

Avis Budget Group 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.