Zacks Research Brokers Increase Earnings Estimates for CAR

Avis Budget Group, Inc. (NASDAQ:CAR) – Research analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Avis Budget Group in a report released on Wednesday, December 11th. Zacks Research analyst S. Dey now expects that the business services provider will post earnings per share of ($4.23) 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.

Several other research firms also recently weighed in on CAR. Barclays began coverage on Avis Budget Group in a report on Thursday, September 19th. They issued an “equal weight” rating and a $105.00 price objective for the company. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. StockNews.com upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Avis Budget Group presently has an average rating of “Hold” and an average target price of $133.75.

Avis Budget Group Stock Down 1.8 %

Shares of NASDAQ CAR opened at $89.17 on Monday. The business has a 50-day moving average price of $93.82 and a 200 day moving average price of $94.13. The stock has a market cap of $3.13 billion, a PE ratio of 8.12 and a beta of 2.20. Avis Budget Group has a 52-week low of $65.73 and a 52-week high of $195.05.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $6.65 earnings per share (EPS) 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 company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the company earned $16.78 EPS. The business’s revenue was down 2.4% on a year-over-year basis.

Hedge Funds Weigh In On Avis Budget Group

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