Jupiter Topco LLC Buys New Position in Avis Budget Group, Inc. $CAR

Jupiter Topco LLC bought a new stake in Avis Budget Group, Inc. (NASDAQ:CAR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 4,536 shares of the business services provider’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Avis Budget Group by 414.0% during the first quarter. Royal Bank of Canada now owns 17,860 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 14,385 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Avis Budget Group by 10.1% in the first quarter. Empowered Funds LLC now owns 3,749 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 343 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Avis Budget Group by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,023 shares of the business services provider’s stock valued at $4,935,000 after purchasing an additional 9,246 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Avis Budget Group in the second quarter valued at approximately $352,000. Finally, EverSource Wealth Advisors LLC increased its stake in Avis Budget Group by 19.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock worth $72,000 after buying an additional 70 shares during the period. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

More Avis Budget Group News

Here are the key news stories impacting Avis Budget Group this week:

• Positive Sentiment: Zacks upgraded Avis Budget Group from “strong sell” to “hold,” which may reduce some extreme bearish sentiment and offer limited support for the shares. Zacks rating upgrade report
• Neutral Sentiment: A head-to-head review comparing Avis Budget Group with Lyft provides sector context but does not appear to announce a material change to Avis’s operations, financial outlook, or valuation. Avis Budget Group versus Lyft review
• Negative Sentiment: Several investor-rights firms publicized a securities class action and a September 29, 2026 lead-plaintiff deadline involving Pentwater Capital Management and CEO Matthew Halbower. The filings allege that Pentwater accumulated and then sold Avis shares, causing substantial investor losses; the allegations have not been proven. The notices may weigh on CAR because of potential litigation costs, uncertainty, and reputational risk. Rosen Law Firm lawsuit deadline notice

Avis Budget Group Stock Performance

Shares of NASDAQ:CAR opened at $138.73 on Monday. Avis Budget Group, Inc. has a one year low of $85.96 and a one year high of $847.70. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -7.64 and a beta of 1.91. The company has a 50-day simple moving average of $149.07 and a 200-day simple moving average of $171.08.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($1.07). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts forecast that Avis Budget Group, Inc. will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CAR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Avis Budget Group in a research report on Monday, August 17th. Wall Street Zen downgraded Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group upped their target price on Avis Budget Group from $85.00 to $95.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Avis Budget Group has a consensus rating of “Reduce” and a consensus price target of $135.57.

Avis Budget Group Company Profile

Avis Budget Group, Inc operates as a leading global provider of vehicle rental and mobility solutions. Through its two core brands, Avis® and Budget®, the company offers a broad range of rental options including daily, weekly and monthly car rentals for leisure and business travelers. In addition to traditional airport and off-airport car rental services, Avis Budget Group delivers innovative mobility platforms such as car-sharing programs and connected fleet solutions designed to meet the evolving needs of corporate, government and individual customers.

The company’s roots trace back to Avis Rent a Car, founded in 1946, and Budget Rent a Car, established in 1958.