Q2 EPS Estimates for Avis Budget Group Cut by Zacks Research

Avis Budget Group, Inc. (NASDAQ:CAR) – Analysts at Zacks Research decreased their Q2 2026 earnings per share estimates for Avis Budget Group in a report issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the business services provider will earn $2.70 per share for the quarter, down from their previous forecast of $2.88. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Avis Budget Group’s current full-year earnings is $8.91 per share. Zacks Research also issued estimates for Avis Budget Group’s Q3 2026 earnings at $7.22 EPS and FY2028 earnings at $6.66 EPS.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley reduced their price target on shares of Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Avis Budget Group in a research note on Wednesday, January 21st. Barclays cut their price target on shares of Avis Budget Group from $120.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group set a $85.00 price objective on Avis Budget Group in a research note on Monday, February 23rd. Finally, Wall Street Zen cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $124.71.

Avis Budget Group Trading Up 5.6%

Shares of NASDAQ CAR opened at $101.18 on Thursday. The firm’s 50-day moving average is $114.15 and its 200-day moving average is $133.90. The firm has a market capitalization of $3.57 billion, a PE ratio of -3.99 and a beta of 2.32. Avis Budget Group has a 1 year low of $54.03 and a 1 year high of $212.81.

Hedge Funds Weigh In On Avis Budget Group

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Avis Budget Group by 19.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 70 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Avis Budget Group by 26.5% in 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 in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Avis Budget Group by 102.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 174 shares of the business services provider’s stock valued at $28,000 after buying an additional 88 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Avis Budget Group by 6.1% in the third quarter. Wedmont Private Capital now owns 1,624 shares of the business services provider’s stock valued at $242,000 after buying an additional 93 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Avis Budget Group by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 1,460 shares of the business services provider’s stock worth $234,000 after buying an additional 106 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Pentwater Capital Management L acquired 425,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $94.26 per share, with a total value of $40,060,500.00. Following the acquisition, the insider directly owned 3,987,100 shares in the company, valued at $375,824,046. This represents a 11.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lynn Krominga sold 1,950 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $91.54, for a total value of $178,503.00. The SEC filing for this sale provides additional information. 52.80% of the stock is currently owned by company insiders.

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.