Zacks Research Issues Negative Forecast for CAR Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Zacks Research lowered their Q1 2025 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 anticipates that the business services provider will post earnings per share of ($5.33) for the quarter, down from their previous forecast 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.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, topping the consensus estimate 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%.

CAR has been the topic of several other research reports. The Goldman Sachs Group raised their price objective on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.75.

Avis Budget Group Stock Up 0.4 %

CAR stock opened at $76.61 on Thursday. Avis Budget Group has a 52-week low of $65.73 and a 52-week high of $132.25. The stock’s fifty day simple moving average is $86.51 and its 200-day simple moving average is $87.79. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -1.48 and a beta of 2.26.

Hedge Funds Weigh In On Avis Budget Group

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

Insider Activity at Avis Budget Group

In other news, Director Lynn Krominga sold 661 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $95.00, for a total transaction of $62,795.00. Following the completion of the transaction, the director now directly owns 3,355 shares of the company’s stock, valued at approximately $318,725. This represents a 16.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.00% of the stock is owned by corporate insiders.

Avis Budget Group Company Profile

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.