Zacks Research Has Positive Outlook for CAR Q2 Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Stock analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Avis Budget Group in a research report issued on Tuesday, March 4th. Zacks Research analyst S. Dey now expects that the business services provider will earn $3.39 per share for the quarter, up from their prior forecast of $3.30. 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 Q3 2026 earnings at $5.18 EPS, Q4 2026 earnings at $0.83 EPS, FY2026 earnings at $9.63 EPS and FY2027 earnings at $7.06 EPS.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group upped their target price on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Northcoast Research cut Avis Budget Group from a “buy” rating to a “neutral” rating in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $133.75.

Avis Budget Group Trading Down 3.7 %

Shares of CAR stock opened at $73.80 on Wednesday. The company has a market cap of $2.59 billion, a PE ratio of -1.42 and a beta of 2.26. The company’s fifty day simple moving average is $86.34 and its 200-day simple moving average is $87.69. Avis Budget Group has a 52 week low of $65.73 and a 52 week high of $132.25.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%.

Insider Activity at Avis Budget Group

In related news, Director Lynn Krominga sold 661 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $95.00, for a total transaction of $62,795.00. Following the sale, the director now owns 3,355 shares in the company, valued at $318,725. This represents a 16.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.00% of the stock is owned by corporate insiders.

Institutional Trading of Avis Budget Group

A number of institutional investors and hedge funds have recently made changes to their positions in CAR. Nisa Investment Advisors LLC lifted its position in Avis Budget Group by 293.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 305 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Avis Budget Group in the third quarter valued at approximately $353,000. Wolverine Asset Management LLC raised its holdings in shares of Avis Budget Group by 93.4% during the third quarter. Wolverine Asset Management LLC now owns 16,771 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 8,100 shares during the last quarter. Versor Investments LP acquired a new position in shares of Avis Budget Group during the third quarter worth approximately $431,000. Finally, Victory Capital Management Inc. boosted its position in shares of Avis Budget Group by 23.2% during the third quarter. Victory Capital Management Inc. now owns 12,078 shares of the business services provider’s stock worth $1,058,000 after buying an additional 2,276 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.