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

Avis Budget Group, Inc. (NASDAQ:CAR) EVP Ravi Simhambhatla sold 3,469 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $184.09, for a total transaction of $638,608.21. Following the completion of the sale, the executive vice president owned 13,876 shares in the company, valued at $2,554,432.84. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Avis Budget Group Price Performance

NASDAQ CAR traded down $0.48 on Thursday, hitting $180.67. The stock had a trading volume of 3,769,970 shares, compared to its average volume of 6,189,208. The business’s fifty day moving average price is $197.79 and its 200 day moving average price is $154.39. Avis Budget Group, Inc. has a 52-week low of $85.96 and a 52-week high of $847.70.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results 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 business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the company earned ($14.35) earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Analysts forecast that Avis Budget Group, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CAR shares. Zacks Research lowered shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Avis Budget Group in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered shares of Avis Budget Group from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $123.00 to $165.00 in a report on Thursday, April 23rd. The Goldman Sachs Group set a $85.00 price objective on shares of Avis Budget Group in a report on Monday, February 23rd. Finally, Morgan Stanley dropped their price objective on shares of Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Avis Budget Group presently has a consensus rating of “Strong Sell” and a consensus target price of $124.00.

Key Stories Impacting Avis Budget Group

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

Institutional Investors Weigh In On Avis Budget Group

A number of large investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of Avis Budget Group by 3.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,474 shares of the business services provider’s stock valued at $507,000 after buying an additional 100 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new stake in shares of Avis Budget Group during the first quarter valued at $225,000. Essex Financial Services Inc. grew its holdings in shares of Avis Budget Group by 15.4% during the first quarter. Essex Financial Services Inc. now owns 2,155 shares of the business services provider’s stock valued at $314,000 after buying an additional 287 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Avis Budget Group during the first quarter valued at $715,000. Finally, Blue Trust Inc. grew its holdings in shares of 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 buying an additional 548 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.