Zacks Research Expects Weaker Earnings for Avis Budget Group

Avis Budget Group, Inc. (NASDAQ:CAR) – Stock analysts at Zacks Research cut their Q1 2025 earnings estimates for Avis Budget Group in a research note issued to investors on Tuesday, March 4th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings of ($5.33) per share for the quarter, down from their prior estimate of ($4.23). 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 Q2 2025 earnings at $2.11 EPS, Q3 2025 earnings at $9.98 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $7.84 EPS and Q1 2026 earnings at $0.23 EPS.

A number of other analysts also recently commented on CAR. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a report on Monday, November 18th. The Goldman Sachs Group upped their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $133.75.

Avis Budget Group Trading Down 3.7 %

CAR stock opened at $73.80 on Thursday. The company has a market cap of $2.59 billion, a P/E ratio of -1.42 and a beta of 2.26. Avis Budget Group has a 52 week low of $65.73 and a 52 week high of $132.25. The company’s 50-day moving average price is $86.34 and its 200 day moving average price is $87.69.

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 net margin of 15.45% and a negative return on equity of 14.74%.

Hedge Funds Weigh In On Avis Budget Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Avis Budget Group during the fourth quarter worth approximately $25,000. GAMMA Investing LLC increased its position in Avis Budget Group by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Avis Budget Group by 293.3% during the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock worth $36,000 after purchasing an additional 305 shares during the last quarter. Quadrant Capital Group LLC increased its position in Avis Budget Group by 41.0% during the fourth quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider’s stock worth $55,000 after purchasing an additional 198 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Avis Budget Group by 41.3% during the fourth quarter. Sterling Capital Management LLC now owns 736 shares of the business services provider’s stock worth $59,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Activity at Avis Budget Group

In related news, Director Lynn Krominga sold 1,405 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total transaction of $133,475.00. Following the transaction, the director now owns 1,950 shares of the company’s stock, valued at approximately $185,250. This represents a 41.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 52.00% 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.