Zacks Research Issues Optimistic Forecast for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities research analysts at Zacks Research upped their Q1 2025 earnings per share estimates for Avis Budget Group in a report issued on Wednesday, December 11th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings of ($4.23) per share for the quarter, up from their prior estimate 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 brokerages have also recently issued reports on CAR. The Goldman Sachs Group boosted their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. Barclays assumed coverage on Avis Budget Group in a report on Thursday, September 19th. They issued an “equal weight” rating and a $105.00 price objective on the stock. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. 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 company has an average rating of “Hold” and an average target price of $133.75.

Avis Budget Group Trading Down 4.1 %

Shares of CAR stock opened at $92.19 on Monday. Avis Budget Group has a twelve month low of $65.73 and a twelve month high of $202.50. The business’s 50 day moving average is $93.78 and its two-hundred day moving average is $94.27. The company has a market capitalization of $3.24 billion, a P/E 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 EPS for the quarter, missing analysts’ consensus estimates of $8.55 by ($1.90). The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%. Avis Budget Group’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $16.78 earnings per share.

Institutional Investors Weigh In On Avis Budget Group

Several institutional investors have recently modified their holdings of CAR. SummerHaven Investment Management LLC increased its holdings 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 valued at $337,000 after acquiring an additional 138 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in 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 buying an additional 240 shares during the period. Algert Global LLC grew its stake in shares of 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 second quarter. International Assets Investment Management LLC now owns 2,492 shares of the business services provider’s stock worth $260,000 after purchasing an additional 300 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Avis Budget Group by 293.3% in the third 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. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.