Zacks Research Issues Negative Forecast for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for Avis Budget Group in a research report issued to clients and investors on Tuesday, March 4th. Zacks Research analyst S. Dey now expects that the business services provider will post earnings of ($5.33) per share for the quarter, down from their prior estimate of ($4.23). The consensus estimate for Avis Budget Group’s current full-year earnings is $8.91 per share. Zacks Research also issued estimates for Avis Budget Group’s Q2 2025 earnings at $2.11 EPS, Q3 2025 earnings at $9.98 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $7.84 EPS and Q1 2026 earnings at $0.23 EPS.

A number of other brokerages have also issued reports on CAR. Northcoast Research lowered Avis Budget Group from a “buy” rating to a “neutral” rating in a report on Monday, November 18th. The Goldman Sachs Group upped their target price on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $133.75.

Avis Budget Group Stock Performance

Shares of NASDAQ CAR opened at $74.49 on Thursday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -1.44 and a beta of 2.26. The stock has a 50 day moving average price of $86.21 and a 200 day moving average price of $87.59. Avis Budget Group has a 52-week low of $65.73 and a 52-week high of $132.25.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%.

Insiders Place Their Bets

In other news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $95.00, for a total transaction of $133,475.00. Following the completion of the sale, the director now owns 1,950 shares in the company, valued at approximately $185,250. This represents a 41.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 52.00% of the stock is owned by company insiders.

Institutional Trading of Avis Budget Group

Several hedge funds and other institutional investors have recently made changes to their positions in CAR. Nisa Investment Advisors LLC lifted its holdings in shares of Avis Budget Group by 293.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 305 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Avis Budget Group during the 3rd quarter valued at $353,000. Wolverine Asset Management LLC lifted its holdings in shares of Avis Budget Group by 93.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 16,771 shares of the business services provider’s stock valued at $1,469,000 after purchasing an additional 8,100 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Avis Budget Group during the 3rd quarter valued at $431,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Avis Budget Group by 23.2% during the 3rd quarter. Victory Capital Management Inc. now owns 12,078 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 2,276 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

About Avis Budget Group

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.