Jupiter Topco LLC Makes New $672,000 Investment in Avis Budget Group, Inc. $CAR

Jupiter Topco LLC purchased a new stake in Avis Budget Group, Inc. (NASDAQ:CAR) in the second quarter, HoldingsChannel reports. The firm purchased 4,536 shares of the business services provider’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew its stake in Avis Budget Group by 10.7% in the 3rd quarter. UBS Group AG now owns 2,159,993 shares of the business services provider’s stock valued at $346,841,000 after acquiring an additional 208,820 shares during the last quarter. Morgan Stanley raised its position in Avis Budget Group by 38.1% during the fourth quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock worth $253,519,000 after acquiring an additional 545,574 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Avis Budget Group during the second quarter worth about $247,773,000. BlackRock Inc. purchased a new stake in shares of Avis Budget Group in the second quarter valued at about $245,413,000. Finally, State Street Corp lifted its holdings in shares of Avis Budget Group by 1.0% in the second quarter. State Street Corp now owns 713,127 shares of the business services provider’s stock valued at $120,554,000 after purchasing an additional 7,318 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Key Headlines Impacting Avis Budget Group

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

• Positive Sentiment: Zacks upgraded Avis Budget Group from “strong sell” to “hold,” which may reduce some extreme bearish sentiment and offer limited support for the shares. Zacks rating upgrade report
• Neutral Sentiment: A head-to-head review comparing Avis Budget Group with Lyft provides sector context but does not appear to announce a material change to Avis’s operations, financial outlook, or valuation. Avis Budget Group versus Lyft review
• Negative Sentiment: Several investor-rights firms publicized a securities class action and a September 29, 2026 lead-plaintiff deadline involving Pentwater Capital Management and CEO Matthew Halbower. The filings allege that Pentwater accumulated and then sold Avis shares, causing substantial investor losses; the allegations have not been proven. The notices may weigh on CAR because of potential litigation costs, uncertainty, and reputational risk. Rosen Law Firm lawsuit deadline notice

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CAR shares. 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 research note on Wednesday, May 20th. Zacks Research raised Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. increased their target price on Avis Budget Group from $155.00 to $170.00 and gave the company an “underweight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group raised their price target on Avis Budget Group from $85.00 to $95.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Finally, Barclays set a $160.00 price target on Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $135.57.

Avis Budget Group Stock Performance

Shares of NASDAQ:CAR opened at $138.73 on Monday. The stock has a 50-day simple moving average of $149.07 and a 200-day simple moving average of $171.08. Avis Budget Group, Inc. has a 1 year low of $85.96 and a 1 year high of $847.70. The stock has a market capitalization of $4.90 billion, a P/E ratio of -7.64 and a beta of 1.91.

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

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.