Avis Budget Group, Inc. (NASDAQ:CAR) Given Consensus Rating of “Reduce” by Analysts

Shares of Avis Budget Group, Inc. (NASDAQ:CAR) have received a consensus recommendation of “Reduce” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $137.5714.

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Avis Budget Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Susquehanna lowered their target price on shares of Avis Budget Group from $145.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Barclays reduced their price target on Avis Budget Group from $150.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Morgan Stanley reissued an “equal weight” rating and set a $142.00 price objective (up from $115.00) on shares of Avis Budget Group in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Avis Budget Group in a research note on Wednesday, January 21st.

Avis Budget Group Stock Up 1.0%

Shares of Avis Budget Group stock opened at $123.30 on Thursday. The firm has a market cap of $4.34 billion, a PE ratio of -2.06 and a beta of 2.33. Avis Budget Group has a 12-month low of $54.03 and a 12-month high of $212.81. The company’s fifty day simple moving average is $124.56 and its two-hundred day simple moving average is $140.24.

Hedge Funds Weigh In On Avis Budget Group

Several institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Avis Budget Group by 19.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 70 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Avis Budget Group by 26.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 76 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Avis Budget Group by 102.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 174 shares of the business services provider’s stock worth $28,000 after purchasing an additional 88 shares during the period. Wedmont Private Capital increased its position in Avis Budget Group by 6.1% during the third quarter. Wedmont Private Capital now owns 1,624 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 93 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in Avis Budget Group by 2.5% during the 2nd quarter. State of Michigan Retirement System now owns 4,073 shares of the business services provider’s stock valued at $689,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Key Stories Impacting Avis Budget Group

Here are the key news stories impacting Avis Budget Group this week:

• Positive Sentiment: Analyst expectations for the full fiscal year remain positive (street consensus cited ~8.91 EPS), suggesting some investors expect recovery once fleet issues and demand normalize.
• Neutral Sentiment: Company press release and slide deck with quarter detail are available for review (useful for parsing one‑time items and guidance). View Press Release
• Neutral Sentiment: Pre‑announcement coverage and previews highlighted rental demand trends to watch ahead of the print. Earnings Preview
• Negative Sentiment: Q4 earnings shock: Avis reported ($21.25) EPS vs. consensus (~($0.12)) and revenue $2.66B vs. ~$2.75B estimate — the large EPS miss and revenue shortfall triggered sharp selling. Press Release / Slide Deck
• Negative Sentiment: EV fleet transition problems cited as a material cost driver and operational headache; headlines say the shift away from EVs and related fleet costs hurt results. Shift away from EVs continues to cost Avis Budget
• Negative Sentiment: Market reaction: multiple outlets report a sharp intraday drop (one says ~14%) after the print as investors priced in weaker near‑term demand and higher fleet costs. Shares tumble 14%

Avis Budget Group Company Profile

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.