Q3 EPS Estimates for Avis Budget Group Cut by Zacks Research

Key Points

• Zacks Research has lowered its earnings per share estimates for Avis Budget Group's Q3 2025 from $10.01 to $8.99, with the full-year estimate set at $8.91.
• Institutional investors hold 96.35% of Avis Budget Group's stock, with significant purchases noted from HSBC Holdings PLC and National Bank of Canada FI in the latest quarter.
• After reporting Q2 earnings that missed analysts' expectations, Avis Budget Group's stock received a mixed bag of ratings, with price targets ranging from $105 to $155.

Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Equities researchers at Zacks Research cut their Q3 2025 EPS estimates for Avis Budget Group in a research note issued to investors on Tuesday, August 19th. Zacks Research analyst Team now anticipates that the business services provider will post earnings of $8.99 per share for the quarter, down from their prior forecast of $10.01. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Avis Budget Group's current full-year earnings is $8.91 per share. Zacks Research also issued estimates for Avis Budget Group's FY2025 earnings at ($4.40) EPS, Q1 2026 earnings at ($1.83) EPS, Q3 2026 earnings at $6.56 EPS, Q4 2026 earnings at $1.41 EPS, FY2026 earnings at $9.56 EPS, Q1 2027 earnings at $1.56 EPS, Q2 2027 earnings at $2.95 EPS and FY2027 earnings at $10.32 EPS.

Several other research analysts also recently issued reports on the stock. The Goldman Sachs Group reiterated a "sell" rating and set a $105.00 price target (up previously from $87.00) on shares of Avis Budget Group in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $196.00 price target (up previously from $130.00) on shares of Avis Budget Group in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 3rd. Barclays upped their price target on shares of Avis Budget Group from $105.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $155.00 price target on shares of Avis Budget Group in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Avis Budget Group presently has a consensus rating of "Reduce" and a consensus target price of $143.80.

Avis Budget Group Price Performance

Shares of CAR traded up $3.10 during trading hours on Friday, hitting $156.33. The stock had a trading volume of 180,962 shares, compared to its average volume of 1,283,557. The company's fifty day moving average is $171.77 and its two-hundred day moving average is $118.30. Avis Budget Group has a 52 week low of $54.03 and a 52 week high of $212.81. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -2.45 and a beta of 2.19.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($1.92). Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 19.06%.The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted $0.41 EPS. The firm's revenue for the quarter was down .3% compared to the same quarter last year.

Hedge Funds Weigh In On Avis Budget Group

Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its holdings in shares of Avis Budget Group by 32.6% in the 2nd quarter. Fifth Third Bancorp now owns 228 shares of the business services provider's stock valued at $39,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 70 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Avis Budget Group by 2.5% in 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 buying an additional 100 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Avis Budget Group by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 20,646 shares of the business services provider's stock valued at $3,490,000 after buying an additional 117 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Avis Budget Group by 4.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,624 shares of the business services provider's stock valued at $444,000 after buying an additional 117 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Edward P. Linnen sold 10,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $156.83, for a total transaction of $1,568,300.00. Following the completion of the sale, the executive vice president directly owned 40,915 shares of the company's stock, valued at approximately $6,416,699.45. This represents a 19.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bernardo Hees sold 402,200 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $156.59, for a total value of $62,980,498.00. Following the sale, the director directly owned 116,521 shares of the company's stock, valued at approximately $18,246,023.39. The trade was a 77.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.80% of the stock is currently owned by corporate insiders.

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.