Quantinno Capital Management LP Has $3.91 Million Holdings in Avis Budget Group, Inc. $CAR

Key Points

• Quantinno Capital Management cut its Avis Budget Group stake by 53.9% in the first quarter, selling 31,418 shares and retaining 26,831 shares valued at approximately $3.91 million. Institutional investors collectively own 96.35% of CAR.
• Avis Budget Group reported quarterly EPS of $0.98, well below the $2.05 analyst consensus, while revenue fell 1.3% year over year to $3.0 billion. Analysts maintain a cautious outlook, with a consensus “Reduce” rating and an average price target of $132.75.
• Legal uncertainty is weighing on investor sentiment: a class-action lawsuit alleges that Pentwater Capital and its CEO helped drive Avis shares sharply higher before selling millions of shares. Investors in the stated class period have until September 29, 2026, to seek lead-plaintiff status.

Quantinno Capital Management LP cut its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 53.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,831 shares of the business services provider's stock after selling 31,418 shares during the period. Quantinno Capital Management LP owned about 0.08% of Avis Budget Group worth $3,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. UBS Group AG increased its stake in shares of Avis Budget Group by 37.3% in the fourth quarter. UBS Group AG now owns 2,964,807 shares of the business services provider's stock valued at $380,444,000 after buying an additional 804,814 shares in the last quarter. M&T Bank Corp lifted its position in Avis Budget Group by 287.5% during the 4th quarter. M&T Bank Corp now owns 11,192 shares of the business services provider's stock worth $1,436,000 after buying an additional 8,304 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Avis Budget Group during the 4th quarter worth about $25,664,000. Northwestern Mutual Wealth Management Co. grew its holdings in Avis Budget Group by 47,007.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,999 shares of the business services provider's stock worth $21,943,000 after acquiring an additional 170,636 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Avis Budget Group in the 4th quarter valued at about $2,181,000. Institutional investors own 96.35% of the company's stock.

Key Avis Budget Group News

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

• Neutral Sentiment: Investors affected during the February 20, 2025–April 21, 2026 class period have until September 29, 2026 to seek lead-plaintiff status in the lawsuit, which is pending in the U.S. District Court for the Middle District of Florida. Multiple law firms issued substantially similar deadline notices. Bronstein class action notice
• Negative Sentiment: The class action alleges that Pentwater Capital Management and its founder and CEO, Matthew Halbower, helped drive Avis shares up more than 400% before selling approximately 4.3 million shares over two trading days. Plaintiffs are seeking damages for alleged federal securities-law violations; the allegations have not been proven. SueWallSt lawsuit summary
• Negative Sentiment: The expanding stream of investor-alert releases adds legal and reputational uncertainty around Avis Budget Group (CAR), even though the principal defendants identified in the filings are Pentwater and Halbower rather than Avis itself. Investors may remain focused on potential damages, disclosure issues and possible effects on shareholder sentiment. Pomerantz class action filing

Avis Budget Group Trading Up 2.8%

Shares of CAR opened at $142.18 on Friday. The stock has a market cap of $5.02 billion, a P/E ratio of -7.82 and a beta of 1.92. Avis Budget Group, Inc. has a 1 year low of $85.96 and a 1 year high of $847.70. The stock's 50-day moving average price is $164.85 and its two-hundred day moving average price is $167.63.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $2.05 by ($1.07). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.10 billion. Avis Budget Group's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. As a group, equities analysts forecast that Avis Budget Group, Inc. will post 1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

CAR has been the subject of a number of research analyst reports. 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. Zacks Research lowered shares of Avis Budget Group from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. The Goldman Sachs Group boosted their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a "sell" rating in a research report on Friday, July 24th. Wall Street Zen downgraded Avis Budget Group from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Avis Budget Group in a research report on Wednesday, May 20th. Five investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Avis Budget Group presently has a consensus rating of "Reduce" and an average price target of $132.75.

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.

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