Avis Budget Group (NASDAQ:CAR) Stock Gets Price Target Trim from Barclays

Avis Budget Group (NASDAQ:CAR) had its target price lowered by Barclays from $160.00 to $115.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

Several other equities analysts have also commented on CAR. Wall Street Zen lowered Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Zacks Research downgraded Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. The Goldman Sachs Group boosted their target price 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Avis Budget Group in a research note on Monday, August 17th. Finally, Morgan Stanley reduced their price target on Avis Budget Group from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Five research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $117.14.

Avis Budget Group Stock Performance

Avis Budget Group stock opened at $119.81 on Monday. Avis Budget Group has a fifty-two week low of $85.96 and a fifty-two week high of $847.70. The stock has a market cap of $4.23 billion, a P/E ratio of -5.18 and a beta of 1.95. The firm’s fifty day moving average price is $115.06 and its 200-day moving average price is $152.96.

Avis Budget Group (NASDAQ:CAR) last released its earnings results on Tuesday, November 3rd. The business services provider reported $5.15 EPS for the quarter, missing analysts’ consensus estimates of $8.01 by ($2.86). The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the company posted $10.11 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Avis Budget Group will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CAR. Pentwater Capital Management LP bought a new stake in Avis Budget Group during the 2nd quarter worth approximately $371,541,000. Hsbc Holdings PLC bought a new position in shares of Avis Budget Group in the second quarter worth approximately $247,773,000. BlackRock Inc. bought a new position in shares of Avis Budget Group in the second quarter worth approximately $245,413,000. Cibc World Market Inc. bought a new position in shares of Avis Budget Group in the second quarter worth approximately $73,915,000. Finally, Mizuho Markets Americas LLC increased its stake in shares of Avis Budget Group by 7.4% in the first quarter. Mizuho Markets Americas LLC now owns 400,000 shares of the business services provider’s stock worth $58,340,000 after purchasing an additional 27,500 shares in the last quarter. 96.35% of the stock is 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: Avis projected approximately $850 million in full-year 2026 adjusted EBITDA and said it is targeting tangible benefits from revenue-management initiatives by summer 2027. Avis Budget 2026 outlook
• Positive Sentiment: Utilization gains helped offset a slowdown in travel demand, while quarterly revenue of $3.44 billion came in slightly above analyst expectations. Q3 deep dive
• Negative Sentiment: Third-quarter EPS was $5.15, well below the cited consensus estimate of $8.01 and down from $10.11 a year earlier. Revenue fell 2.4% year over year, and reports pointed to higher costs and mobility competition as pressures on profits. Competition and fleet costs weigh on profits

Avis Budget Group Company Profile

Avis Budget Group, Inc is a provider of mobility and vehicle-rental services. Through its Avis and Budget brands, the company offers car and truck rentals to business and leisure customers, serving travelers through airport and neighborhood locations as well as digital booking channels.

The company also operates Zipcar, a car-sharing service that provides members with access to vehicles for short-term use. Its brand portfolio has also included Payless, which serves value-oriented rental customers.