Zacks Research Brokers Boost Earnings Estimates for CAR

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities researchers at Zacks Research increased their Q1 2025 earnings per share (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.

CAR has been the topic of several other reports. 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. The Goldman Sachs Group increased their price target on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Barclays started 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, Northcoast Research cut shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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 stock has a market cap of $3.24 billion, a P/E ratio of 8.42 and a beta of 2.20. The stock has a 50 day moving average of $93.78 and a 200 day moving average of $94.27.

Avis Budget Group (NASDAQ:CAR) last issued its earnings results 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 negative return on equity of 101.41% and a net margin of 3.34%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the business earned $16.78 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CAR. B. Riley Wealth Advisors Inc. acquired a new position in shares of Avis Budget Group in the 3rd quarter worth approximately $263,000. M&T Bank Corp acquired a new stake in Avis Budget Group during the 3rd quarter worth approximately $333,000. Barclays PLC raised its stake in shares of Avis Budget Group by 30.5% in the third quarter. Barclays PLC now owns 200,576 shares of the business services provider’s stock valued at $17,571,000 after acquiring an additional 46,922 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Avis Budget Group in the third quarter valued at $685,000. Finally, National Bank of Canada FI boosted its holdings in Avis Budget Group by 1,858.7% in the third quarter. National Bank of Canada FI now owns 90,000 shares of the business services provider’s stock valued at $7,883,000 after purchasing an additional 85,405 shares during the period. 96.35% of the stock is currently 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.