Zacks Research Cuts Earnings Estimates for Avis Budget Group

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities researchers at Zacks Research cut their Q3 2025 earnings estimates for shares of Avis Budget Group in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $8.27 for the quarter, down from their prior estimate of $8.52. The consensus estimate for Avis Budget Group’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Avis Budget Group’s Q2 2026 earnings at $2.77 EPS and Q3 2026 earnings at $4.29 EPS.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Northcoast Research lowered shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group raised their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $133.75.

Avis Budget Group Price Performance

Avis Budget Group stock opened at $92.19 on Friday. Avis Budget Group has a 1-year low of $65.73 and a 1-year high of $202.50. The business has a fifty day moving average price of $93.78 and a 200-day moving average price of $94.49. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.42 and a beta of 2.20.

Avis Budget Group (NASDAQ:CAR) last announced its earnings results on Thursday, October 31st. The business services provider reported $6.65 earnings per share for the quarter, missing the consensus estimate of $8.55 by ($1.90). Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the business earned $16.78 earnings per share. Avis Budget Group’s revenue was down 2.4% on a year-over-year basis.

Institutional Investors Weigh In On Avis Budget Group

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Avis Budget Group by 4.0% during the 3rd quarter. FMR LLC now owns 3,354,546 shares of the business services provider’s stock worth $293,825,000 after purchasing an additional 129,805 shares during the period. Rubric Capital Management LP boosted its holdings in Avis Budget Group by 220.9% during the second quarter. Rubric Capital Management LP now owns 690,273 shares of the business services provider’s stock worth $72,147,000 after buying an additional 475,181 shares in the last quarter. State Street Corp grew its position in Avis Budget Group by 2.5% during the third quarter. State Street Corp now owns 672,227 shares of the business services provider’s stock valued at $58,880,000 after buying an additional 16,221 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Avis Budget Group by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 592,341 shares of the business services provider’s stock valued at $51,883,000 after buying an additional 2,561 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Avis Budget Group by 19,203.5% in the third quarter. International Assets Investment Management LLC now owns 481,044 shares of the business services provider’s stock worth $421,350,000 after acquiring an additional 478,552 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

About Avis Budget Group

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.