1,676,860 Shares in Avis Budget Group, Inc. $CAR Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Avis Budget Group, Inc. (NASDAQ:CAR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,676,860 shares of the business services provider’s stock, valued at approximately $247,773,000. Hsbc Holdings PLC owned approximately 4.75% of Avis Budget Group at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its position in Avis Budget Group by 11.6% in the 1st quarter. Parallel Advisors LLC now owns 587 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Avis Budget Group by 19.6% in the second quarter. EverSource Wealth Advisors LLC now owns 427 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 70 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Avis Budget Group by 26.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 76 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Avis Budget Group by 3.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,474 shares of the business services provider’s stock valued at $507,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Avis Budget Group by 2.5% in the first quarter. State of Michigan Retirement System now owns 4,073 shares of the business services provider’s stock valued at $594,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAR. Morgan Stanley increased their price target on shares of Avis Budget Group from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. The Goldman Sachs Group raised their target price on Avis Budget Group from $85.00 to $95.00 and gave the company a “sell” rating in a report on Friday, July 24th. Zacks Research downgraded shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Avis Budget Group in a research report on Monday, August 17th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Avis Budget Group currently has a consensus rating of “Reduce” and an average target price of $135.57.

More Avis Budget Group News

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

• Positive Sentiment: A recent analysis recommended holding Avis Budget Group, citing a 57.8% six-month gain, sustained rental demand, technology partnerships and share buybacks as potential growth supports. The analysis also acknowledged liquidity risks. Here’s Why Investors Should Hold Avis Budget in Their Portfolios Now
• Neutral Sentiment: Multiple investor-rights firms reminded CAR investors of a September 29, 2026 deadline to seek appointment as lead plaintiff in the securities class action. The proposed class covers investors who bought Avis securities, including stock purchased to cover short positions, from February 20, 2025, through April 21, 2026. These announcements are largely duplicative legal notices and do not represent a new operating development for Avis. CAR Investors Have Opportunity to Lead Avis Budget Group Securities Fraud Lawsuit
• Negative Sentiment: A class action filed in federal court alleges that Pentwater Capital Management built a 51% economic interest in Avis through shares and cash-settled swaps, then sold approximately 4.3 million shares over two trading days as CAR shares plunged. The lawsuit seeks damages under federal securities laws; although the allegations are unproven and directed primarily at Pentwater, the litigation highlights trading-related volatility and may weigh on investor sentiment toward Avis. Pomerantz Announces Avis Budget Group Investor Class Action

Avis Budget Group Stock Performance

Shares of NASDAQ:CAR opened at $145.13 on Wednesday. Avis Budget Group, Inc. has a 1 year low of $85.96 and a 1 year high of $847.70. The stock has a 50-day simple moving average of $155.41 and a 200-day simple moving average of $169.78. The stock has a market capitalization of $5.13 billion, a P/E ratio of -7.99 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.07). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.10 billion. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Analysts predict that Avis Budget Group, Inc. will post 1.36 earnings per share for the current year.

Avis Budget Group 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.