Avis Budget Group, Inc. $CAR Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR) by 27.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,454 shares of the business services provider’s stock after selling 2,855 shares during the quarter. Ritholtz Wealth Management’s holdings in Avis Budget Group were worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Avis Budget Group by 40.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 539,395 shares of the business services provider’s stock worth $69,215,000 after purchasing an additional 154,994 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Avis Budget Group by 1,443.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,955 shares of the business services provider’s stock worth $2,562,000 after purchasing an additional 14,921 shares during the last quarter. Intech Investment Management LLC increased its position in Avis Budget Group by 203.8% during the third quarter. Intech Investment Management LLC now owns 37,467 shares of the business services provider’s stock worth $6,016,000 after purchasing an additional 25,135 shares during the last quarter. Retirement Systems of Alabama increased its position in Avis Budget Group by 49.3% during the third quarter. Retirement Systems of Alabama now owns 30,825 shares of the business services provider’s stock worth $4,950,000 after purchasing an additional 10,179 shares during the last quarter. Finally, Neo Ivy Capital Management increased its position in Avis Budget Group by 704.2% during the third quarter. Neo Ivy Capital Management now owns 17,548 shares of the business services provider’s stock worth $2,818,000 after purchasing an additional 15,366 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group set a $85.00 price target on shares of Avis Budget Group in a research report on Monday, February 23rd. Zacks Research lowered shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Morgan Stanley dropped their price target on shares of Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Wall Street Zen lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Barclays decreased their price objective on shares of Avis Budget Group from $120.00 to $95.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Avis Budget Group presently has a consensus rating of “Reduce” and a consensus target price of $115.00.

More Avis Budget Group News

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

• Positive Sentiment: Barron’s reports the recent surge in CAR has characteristics of a short squeeze and retail momentum, which can push the stock sharply higher in the near term as short positions are forced to cover and trading interest stays elevated. Avis Stock Soared 264% in a Month. What Could Be Driving the Shares Higher.
• Positive Sentiment: Yahoo Finance notes CAR has reached all‑time highs after a multi‑day rally, highlighting strong upside momentum and heightened investor FOMO—factors that can sustain near‑term price strength even if fundamentals lag. Avis Budget (CAR) Hits All-Time High After 9-Day Rally — Time to Sell?
• Neutral Sentiment: AAII published comparative pieces assessing CAR versus other stocks (Old Dominion Freight Line and Canadian Pacific Kansas City). These pieces frame CAR relative to peers on valuation and business model, useful for longer‑term investors but less likely to explain today’s momentum move. Which Is a Better Investment, Avis Budget Group, Inc. or Old Dominion Freight Line, Inc. Stock?
• Neutral Sentiment: A second AAII comparison (CAR vs. Canadian Pacific Kansas City) offers additional long‑term framework but does not directly drive intraday price action; consider these when evaluating fundamentals versus momentum. Which Is a Better Investment, Avis Budget Group, Inc. or Canadian Pacific Kansas City Limited Stock?
• Negative Sentiment: Unusual options activity showed a large increase in put purchases (roughly 22,346 puts, ~125% above typical volume), which could indicate hedging by longs, speculative bearish positions, or traders positioning for a pullback—introducing a potential near‑term downside risk if momentum fades. Source: options data reported 4/13/2026.

Avis Budget Group Stock Up 10.9%

CAR opened at $411.56 on Wednesday. Avis Budget Group, Inc. has a 52-week low of $66.79 and a 52-week high of $415.26. The company has a 50 day moving average of $140.49 and a two-hundred day moving average of $137.29. The company has a market cap of $14.54 billion, a P/E ratio of -16.21 and a beta of 1.94.

Insider Activity at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $91.54, for a total transaction of $178,503.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Pentwater Capital Management L acquired 425,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were acquired at an average price of $94.26 per share, with a total value of $40,060,500.00. Following the completion of the purchase, the insider owned 3,987,100 shares of the company’s stock, valued at $375,824,046. This trade represents a 11.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 50.48% of the stock is owned by insiders.

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.