Zacks Research Issues Positive Estimate for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Analysts at Zacks Research upped their Q1 2025 earnings estimates for Avis Budget Group in a report released on Wednesday, December 11th. Zacks Research analyst S. Dey now expects that the business services provider will earn ($4.23) per share for the quarter, up from their prior forecast of ($4.32). 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 2025 earnings at $2.49 EPS, Q4 2025 earnings at $1.25 EPS, FY2025 earnings at $8.32 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $9.40 EPS.

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

CAR has been the subject of a number of other research reports. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $133.75.

Avis Budget Group Trading Down 1.5 %

Avis Budget Group stock opened at $90.79 on Monday. Avis Budget Group has a 1-year low of $65.73 and a 1-year high of $195.05. The firm’s fifty day simple moving average is $93.78 and its 200-day simple moving average is $94.27. The company has a market capitalization of $3.19 billion, a P/E ratio of 8.29 and a beta of 2.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CAR. SummerHaven Investment Management LLC lifted its position in Avis Budget Group by 4.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 3,223 shares of the business services provider’s stock worth $337,000 after buying an additional 138 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of Avis Budget Group by 198.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Algert Global LLC grew its stake in shares of Avis Budget Group by 2.5% during the second quarter. Algert Global LLC now owns 10,165 shares of the business services provider’s stock valued at $1,062,000 after purchasing an additional 245 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Avis Budget Group by 13.7% in the second quarter. International Assets Investment Management LLC now owns 2,492 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 300 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Avis Budget Group by 293.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock worth $36,000 after purchasing an additional 305 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Avis Budget Group Company Profile

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.