Zacks Research Has Negative Forecast for CAR FY2025 Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) – Stock analysts at Zacks Research lowered their FY2025 earnings per share (EPS) estimates for shares of Avis Budget Group in a research note issued to investors on Monday, November 17th. Zacks Research analyst Team now anticipates that the business services provider will earn ($4.42) per share for the year, down from their prior estimate of ($4.40). Zacks Research currently has a “Strong Sell” rating on the stock. 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 Q4 2025 earnings at ($0.28) EPS, Q1 2026 earnings at ($2.25) EPS, Q2 2026 earnings at $2.88 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $8.12 EPS, Q1 2027 earnings at $2.14 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $3.79 EPS and FY2027 earnings at $9.66 EPS.

Avis Budget Group (NASDAQ:CAR) last posted its earnings results on Monday, October 27th. The business services provider reported $10.11 earnings per share for the quarter, topping the consensus estimate of $8.11 by $2.00. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Avis Budget Group’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.65 EPS.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Avis Budget Group from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Bank of America reiterated an “underperform” rating and set a $113.00 target price (down previously from $120.00) on shares of Avis Budget Group in a research report on Wednesday, August 20th. The Goldman Sachs Group reissued a “sell” rating and issued a $105.00 target price (up from $87.00) on shares of Avis Budget Group in a report on Friday, August 1st. Susquehanna dropped their price target on Avis Budget Group from $145.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Barclays reduced their price objective on Avis Budget Group from $150.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $136.83.

Avis Budget Group Trading Down 0.1%

Shares of NASDAQ:CAR opened at $129.30 on Wednesday. The firm has a 50 day simple moving average of $149.41 and a 200-day simple moving average of $150.08. Avis Budget Group has a twelve month low of $54.03 and a twelve month high of $212.81. The company has a market capitalization of $4.55 billion, a PE ratio of -2.16 and a beta of 2.12.

Institutional Trading of Avis Budget Group

Hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new stake in Avis Budget Group in the second quarter valued at $1,297,000. Ballentine Partners LLC purchased a new position in shares of Avis Budget Group in the 2nd quarter valued at about $308,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Avis Budget Group in the second quarter valued at about $2,367,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Avis Budget Group by 9.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,840 shares of the business services provider’s stock worth $443,000 after buying an additional 519 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Avis Budget Group by 166.0% during the first quarter. Victory Capital Management Inc. now owns 29,527 shares of the business services provider’s stock worth $2,241,000 after buying an additional 18,425 shares during the period. 96.35% of the stock is 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.