Q3 EPS Estimate for Avis Budget Group Boosted by Analyst

Avis Budget Group, Inc. (NASDAQ:CAR) – Analysts at Zacks Research raised their Q3 2026 earnings estimates for Avis Budget Group in a note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now expects that the business services provider will post earnings of $9.10 per share for the quarter, up from their previous forecast of $7.22. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Avis Budget Group’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Avis Budget Group’s Q4 2026 earnings at ($1.17) EPS, FY2026 earnings at $2.33 EPS, Q1 2027 earnings at ($2.59) EPS, Q3 2027 earnings at $5.85 EPS, Q4 2027 earnings at ($0.45) EPS, FY2027 earnings at $4.66 EPS and Q1 2028 earnings at $0.93 EPS.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported ($8.01) EPS for the quarter, missing the consensus estimate of ($6.82) by ($1.19). The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.43 billion. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted ($14.35) EPS.

A number of other equities analysts also recently commented on CAR. Wall Street Zen upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of Avis Budget Group from $165.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Susquehanna boosted their target price on shares of Avis Budget Group from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Jefferies Financial Group downgraded shares of Avis Budget Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $112.00 to $160.00 in a research note on Friday, May 1st. Finally, The Goldman Sachs Group set a $85.00 target price on shares of Avis Budget Group in a research note on Monday, February 23rd. Five investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $125.25.

Avis Budget Group Price Performance

NASDAQ:CAR opened at $167.05 on Monday. The company has a fifty day simple moving average of $213.94 and a two-hundred day simple moving average of $155.02. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -8.77 and a beta of 1.91. Avis Budget Group has a 52 week low of $85.96 and a 52 week high of $847.70.

Institutional Investors Weigh In On Avis Budget Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its holdings in shares of Avis Budget Group by 30.8% in the first quarter. California State Teachers Retirement System now owns 21,481 shares of the business services provider’s stock valued at $3,133,000 after buying an additional 5,055 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Avis Budget Group by 30.8% in the first quarter. Empowered Funds LLC now owns 4,471 shares of the business services provider’s stock valued at $652,000 after buying an additional 1,054 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Avis Budget Group by 1.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 180,400 shares of the business services provider’s stock valued at $26,311,000 after buying an additional 1,700 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of Avis Budget Group by 7.4% in the first quarter. Mizuho Markets Americas LLC now owns 400,000 shares of the business services provider’s stock valued at $58,340,000 after buying an additional 27,500 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Avis Budget Group in the first quarter valued at about $23,205,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Avis Budget Group

In related news, EVP Ravi Simhambhatla sold 3,469 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $184.09, for a total value of $638,608.21. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $2,554,432.84. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward P. Linnen sold 9,483 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $182.32, for a total transaction of $1,728,940.56. Following the completion of the sale, the executive vice president directly owned 37,932 shares of the company’s stock, valued at approximately $6,915,762.24. This trade represents a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,299 shares of company stock valued at $3,836,012 over the last ninety days. Insiders own 50.48% of the company’s stock.

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.