Avis Budget Group, Inc. (NASDAQ:CAR) Forecasted to Post Q1 2025 Earnings of ($2.49) Per Share

Avis Budget Group, Inc. (NASDAQ:CAR) – Equities research analysts at Zacks Research dropped their Q1 2025 earnings estimates for Avis Budget Group in a research report issued on Tuesday, July 30th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of ($2.49) for the quarter, down from their previous estimate of ($2.42). The consensus estimate for Avis Budget Group’s current full-year earnings is $12.28 per share. Zacks Research also issued estimates for Avis Budget Group’s Q3 2025 earnings at $10.31 EPS and Q1 2026 earnings at $0.00 EPS.

CAR has been the subject of several other research reports. StockNews.com lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. Morgan Stanley lowered their price objective on shares of Avis Budget Group from $190.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Avis Budget Group from $202.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Bank of America lowered their price objective on shares of Avis Budget Group from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Susquehanna decreased their price target on shares of Avis Budget Group from $145.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $163.14.

Avis Budget Group Stock Performance

NASDAQ CAR opened at $94.50 on Friday. The firm has a 50 day simple moving average of $106.53 and a 200-day simple moving average of $118.56. Avis Budget Group has a one year low of $93.53 and a one year high of $235.64. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 2.98 and a beta of 2.21.

Avis Budget Group (NASDAQ:CAR) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($3.21) earnings per share for the quarter, missing the consensus estimate of ($2.65) by ($0.56). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Avis Budget Group had a negative return on equity of 480.48% and a net margin of 10.05%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $7.72 EPS.

Institutional Trading of Avis Budget Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aigen Investment Management LP raised its holdings in Avis Budget Group by 4.8% during the fourth quarter. Aigen Investment Management LP now owns 1,303 shares of the business services provider’s stock worth $231,000 after purchasing an additional 60 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Avis Budget Group by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,540 shares of the business services provider’s stock worth $450,000 after purchasing an additional 79 shares in the last quarter. New York Life Investment Management LLC raised its holdings in Avis Budget Group by 4.0% during the fourth quarter. New York Life Investment Management LLC now owns 2,265 shares of the business services provider’s stock worth $401,000 after purchasing an additional 87 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Avis Budget Group by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 5,300 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 100 shares during the period. Finally, State of Michigan Retirement System increased its holdings in shares of Avis Budget Group by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 4,573 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Avis Budget Group Company Profile

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.