Avis Budget Group (CAR) Expected to Announce Quarterly Earnings on Tuesday

Avis Budget Group (NASDAQ:CAR - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $2.02 per share and revenue of $3.02 billion for the quarter.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($14.35) earnings per share for the quarter, missing the consensus estimate of ($5.72) by ($8.63). Avis Budget Group had a negative net margin of 18.96% and a negative return on equity of 14.74%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the business earned ($3.21) earnings per share. Avis Budget Group's revenue was down 4.7% compared to the same quarter last year. On average, analysts expect Avis Budget Group to post $9 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Avis Budget Group Stock Down 0.4%

Shares of NASDAQ:CAR traded down $0.76 on Friday, hitting $206.79. 1,028,380 shares of the company traded hands, compared to its average volume of 1,294,955. Avis Budget Group has a 52 week low of $54.03 and a 52 week high of $212.09. The stock has a 50 day simple moving average of $151.35 and a 200-day simple moving average of $106.18. The company has a market cap of $7.28 billion, a PE ratio of -3.28 and a beta of 2.19.

Analyst Ratings Changes

Several equities research analysts recently commented on CAR shares. JPMorgan Chase & Co. lifted their price objective on Avis Budget Group from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $196.00 target price (up from $130.00) on shares of Avis Budget Group in a research report on Thursday, July 10th. The Goldman Sachs Group dropped their target price on Avis Budget Group from $100.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen raised Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $127.60.

Hedge Funds Weigh In On Avis Budget Group

Several hedge funds have recently bought and sold shares of CAR. Royal Bank of Canada lifted its holdings in shares of Avis Budget Group by 414.0% in the 1st quarter. Royal Bank of Canada now owns 17,860 shares of the business services provider's stock worth $1,355,000 after buying an additional 14,385 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Avis Budget Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,023 shares of the business services provider's stock worth $4,935,000 after purchasing an additional 9,246 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Avis Budget Group by 10.1% during the 1st quarter. Empowered Funds LLC now owns 3,749 shares of the business services provider's stock worth $285,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 96.35% of the company's stock.

About Avis Budget Group

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.