Avis Budget Group (CAR) Set to Post Quarterly Earnings on Tuesday

Key Points

• Avis Budget Group is expected to report Q3 2026 earnings after the market closes Tuesday, November 3. Analysts forecast $8.11 in earnings per share and $3.42 billion in revenue, with the conference call scheduled for November 4.
• The company’s previous quarter fell well short of expectations, reporting $0.98 EPS versus the $2.05 consensus and $3.0 billion in revenue versus $3.10 billion expected. Revenue declined 1.3% year over year.
• Analyst sentiment remains cautious: Avis has an average “Reduce” rating, a $125.71 consensus price target, and recent downgrades from Zacks Research and JPMorgan. Shares opened at $101.86, well below their 52-week high of $847.70.

Avis Budget Group (NASDAQ:CAR - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Tuesday, November 3rd. Analysts expect Avis Budget Group to announce earnings of $8.11 per share and revenue of $3.42 billion for the quarter. Individuals may visit the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share 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 quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts expect Avis Budget Group to post $1.08 EPS for the current fiscal year and $5.63 EPS for the next fiscal year.

Avis Budget Group Trading Up 0.5%

Shares of Avis Budget Group stock opened at $101.86 on Tuesday. The stock has a 50-day simple moving average of $119.90 and a 200-day simple moving average of $153.58. Avis Budget Group has a 52-week low of $85.96 and a 52-week high of $847.70.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Avis Budget Group from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Friday, September 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Avis Budget Group in a research report on Monday, August 17th. Zacks Research downgraded shares of Avis Budget Group from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. JPMorgan Chase & Co. dropped their price target on shares of Avis Budget Group from $145.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a "sell" rating in a research note on Friday, July 24th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Avis Budget Group currently has an average rating of "Reduce" and an average price target of $125.71.

About Avis Budget Group

Avis Budget Group, Inc is a provider of mobility and vehicle-rental services. Through its Avis and Budget brands, the company offers car and truck rentals to business and leisure customers, serving travelers through airport and neighborhood locations as well as digital booking channels.

The company also operates Zipcar, a car-sharing service that provides members with access to vehicles for short-term use. Its brand portfolio has also included Payless, which serves value-oriented rental customers.

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