22,738 Shares in Avis Budget Group, Inc. $CAR Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR) during the second quarter, HoldingsChannel reports. The fund purchased 22,738 shares of the business services provider’s stock, valued at approximately $3,361,000.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Avis Budget Group by 1,845.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock worth $27,000 after acquiring an additional 203 shares during the period. Quarry LP bought a new stake in Avis Budget Group during the 4th quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new stake in Avis Budget Group during the 4th quarter valued at approximately $32,000. Hollencrest Capital Management purchased a new position in Avis Budget Group in the 1st quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. lifted its holdings in Avis Budget Group by 70.4% in the 4th quarter. Hantz Financial Services Inc. now owns 431 shares of the business services provider’s stock worth $55,000 after purchasing an additional 178 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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

Avis Budget Group Trading Up 0.2%

CAR stock opened at $138.73 on Friday. Avis Budget Group, Inc. has a 12 month low of $85.96 and a 12 month high of $847.70. The company has a 50-day moving average price of $149.07 and a 200 day moving average price of $170.71. The stock has a market cap of $4.90 billion, a PE ratio of -7.64 and a beta of 1.91.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.10 billion. Avis Budget Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Sell-side analysts forecast that Avis Budget Group, Inc. will post 1.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CAR. Wall Street Zen lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a report on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Avis Budget Group in a research report on Monday, August 17th. Zacks Research raised shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays set a $160.00 price target on shares of Avis Budget Group and gave the stock an “equal weight” rating in a research note on Monday, June 8th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $135.57.

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.