Quantinno Capital Management LP Sells 31,418 Shares of Avis Budget Group, Inc. $CAR

Quantinno Capital Management LP trimmed its holdings in Avis Budget Group, Inc. (NASDAQ:CAR) by 53.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,831 shares of the business services provider’s stock after selling 31,418 shares during the period. Quantinno Capital Management LP’s holdings in Avis Budget Group were worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CAR. UBS Group AG raised its position in shares of Avis Budget Group by 37.3% during the fourth quarter. UBS Group AG now owns 2,964,807 shares of the business services provider’s stock worth $380,444,000 after purchasing an additional 804,814 shares during the period. M&T Bank Corp increased its stake in Avis Budget Group by 287.5% during the 4th quarter. M&T Bank Corp now owns 11,192 shares of the business services provider’s stock worth $1,436,000 after purchasing an additional 8,304 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Avis Budget Group during the 4th quarter worth approximately $25,664,000. Northwestern Mutual Wealth Management Co. raised its holdings in Avis Budget Group by 47,007.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,999 shares of the business services provider’s stock worth $21,943,000 after buying an additional 170,636 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in Avis Budget Group during the 4th quarter worth approximately $2,181,000. 96.35% of the stock is currently owned by institutional investors.

Avis Budget Group Trading Up 2.8%

Shares of CAR opened at $142.18 on Friday. The company’s fifty day simple moving average is $164.85 and its 200 day simple moving average is $167.63. Avis Budget Group, Inc. has a 1-year low of $85.96 and a 1-year high of $847.70. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -7.82 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR) last announced 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $0.10 EPS. Avis Budget Group’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts forecast that Avis Budget Group, Inc. will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CAR shares. Jefferies Financial Group cut shares of Avis Budget Group from a “buy” rating to a “hold” rating and upped their price target for the company from $112.00 to $160.00 in a report on Friday, May 1st. Morgan Stanley raised their price objective on shares of Avis Budget Group from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Avis Budget Group in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on shares of Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group increased their target price on Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Five research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Avis Budget Group presently has an average rating of “Reduce” and an average target price of $132.75.

Key Headlines Impacting Avis Budget Group

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

• Neutral Sentiment: Investors affected during the February 20, 2025–April 21, 2026 class period have until September 29, 2026 to seek lead-plaintiff status in the lawsuit, which is pending in the U.S. District Court for the Middle District of Florida. Multiple law firms issued substantially similar deadline notices. Bronstein class action notice
• Negative Sentiment: The class action alleges that Pentwater Capital Management and its founder and CEO, Matthew Halbower, helped drive Avis shares up more than 400% before selling approximately 4.3 million shares over two trading days. Plaintiffs are seeking damages for alleged federal securities-law violations; the allegations have not been proven. SueWallSt lawsuit summary
• Negative Sentiment: The expanding stream of investor-alert releases adds legal and reputational uncertainty around Avis Budget Group (CAR), even though the principal defendants identified in the filings are Pentwater and Halbower rather than Avis itself. Investors may remain focused on potential damages, disclosure issues and possible effects on shareholder sentiment. Pomerantz class action filing

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.