Public Employees Retirement System of Ohio Makes New Investment in Avis Budget Group, Inc. $CAR

Public Employees Retirement System of Ohio purchased a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,958 shares of the business services provider’s stock, valued at approximately $733,000.

Several other hedge funds also recently modified their holdings of CAR. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Avis Budget Group by 1,845.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock valued at $27,000 after buying an additional 203 shares during the period. Quarry LP acquired a new position in Avis Budget Group during the fourth quarter worth about $27,000. Basepoint Wealth LLC acquired a new position in Avis Budget Group during the fourth quarter worth about $32,000. Hollencrest Capital Management bought a new stake in Avis Budget Group in the first quarter worth about $44,000. Finally, Hantz Financial Services Inc. raised its position in Avis Budget Group by 70.4% in the fourth quarter. Hantz Financial Services Inc. now owns 431 shares of the business services provider’s stock worth $55,000 after acquiring an additional 178 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Avis Budget Group News Roundup

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

• Neutral Sentiment: Multiple law firms, including Rosen Law Firm, Kaplan Fox, Kahn Swick & Foti, and Bernstein Liebhard, reminded investors of a September 29, 2026 deadline to seek appointment as lead plaintiff. The proposed class covers investors who purchased Avis securities between February 20, 2025, and April 21, 2026. Rosen Law Firm deadline announcement
• Negative Sentiment: The lawsuit alleges that Pentwater disclosed its growing Avis position in stages while failing to disclose its trading intentions, leaving investors exposed when approximately 4.3 million shares were sold over two trading sessions. The claims seek damages under federal securities laws and could keep selling pressure and litigation risk in focus for CAR investors. Pomerantz class-action filing
• Negative Sentiment: The unusually high volume of near-identical law-firm notices increases the visibility of the legal dispute and may weigh on sentiment toward Avis, even though the case focuses on Pentwater’s alleged disclosures and trading activity. The developments add to existing concerns following Avis’s recent quarterly earnings miss and lower revenue.

Avis Budget Group Stock Down 0.9%

NASDAQ:CAR opened at $132.63 on Thursday. The stock has a fifty day simple moving average of $148.17 and a 200 day simple moving average of $171.52. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -7.30 and a beta of 1.91. Avis Budget Group, Inc. has a 1-year low of $85.96 and a 1-year high of $847.70.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data 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 business 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 firm posted $0.10 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts predict that Avis Budget Group, Inc. will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CAR shares. Zacks Research upgraded shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Avis Budget Group in a report on Monday, August 17th. Morgan Stanley increased their target price on shares of Avis Budget Group from $97.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. 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 report on Tuesday, June 23rd. Finally, Barclays set a $160.00 price target on Avis Budget Group and gave the company an “equal weight” rating in a report on Monday, June 8th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Avis Budget Group has a consensus rating of “Reduce” and an average target price of $135.57.

About Avis Budget Group

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.