Avis Budget Group (NASDAQ:CAR) Given New $140.00 Price Target at JPMorgan Chase & Co.

Avis Budget Group (NASDAQ:CAR) had its price target decreased by JPMorgan Chase & Co. from $165.00 to $140.00 in a report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $125.00 target price on shares of Avis Budget Group in a report on Friday. Barclays cut shares of Avis Budget Group from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $95.00 to $150.00 in a research report on Monday, April 20th. Zacks Research downgraded Avis Budget Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. The Goldman Sachs Group set a $85.00 target price on Avis Budget Group in a research note on Monday, February 23rd. Finally, Morgan Stanley decreased their target price on Avis Budget Group from $142.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Four research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average target price of $125.00.

Avis Budget Group Trading Up 2.7%

Shares of Avis Budget Group stock traded up $4.88 during midday trading on Friday, reaching $185.55. The company had a trading volume of 1,674,169 shares, compared to its average volume of 6,285,131. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of -9.74 and a beta of 1.94. The stock has a fifty day simple moving average of $197.79 and a 200 day simple moving average of $154.39. Avis Budget Group has a 1-year low of $85.96 and a 1-year high of $847.70.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported ($8.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.82) by ($1.19). The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.43 billion. Avis Budget Group’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($14.35) earnings per share. Sell-side analysts expect that Avis Budget Group will post 3.87 earnings per share for the current year.

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 dated Friday, February 20th. The shares were sold at an average price of $91.54, for a total transaction of $178,503.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edward P. Linnen sold 9,483 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $182.32, for a total transaction of $1,728,940.56. Following the sale, the executive vice president directly owned 37,932 shares in the company, valued at $6,915,762.24. This trade represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,249 shares of company stock valued at $4,014,515. 50.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Avis Budget Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Avis Budget Group by 19.6% in the 2nd 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. raised its holdings in shares of Avis Budget Group by 26.5% in the 3rd 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. Deseret Mutual Benefit Administrators raised its holdings in shares of Avis Budget Group by 102.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 174 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 88 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Avis Budget Group by 3.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,474 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 100 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Avis Budget Group by 7.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,460 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 106 shares during the period. 96.35% of the stock is owned by institutional investors.

Key Avis Budget Group News

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

• Positive Sentiment: Q1 top-line beat and improving Americas demand — Avis reported revenue of $2.53B, above consensus, and Americas revenue showed its first year-over-year growth since 2023, supporting a recovery narrative. Read More.
• Neutral Sentiment: Ongoing trading/legal dispute tied to the recent short‑squeeze — Avis says a hedge fund owes it money; outcome uncertain but could move the stock if resolved. Read More.
• Neutral Sentiment: Analyst stance mixed — Jefferies reaffirmed a “hold” and raised its PT to $160 (still below the stock), signaling cautious steadiness rather than a clear buy signal. Read More.
• Neutral Sentiment: Relative peer action — Hertz jumped after an unrelated Uber robotaxi deal while Avis’s move was modest, showing some catalysts are idiosyncratic to peers. Read More.
• Negative Sentiment: Analyst downgrade from JPMorgan — JPM lowered its price target to $140 and moved to an “underweight” stance, signaling ~24% downside from current levels and adding selling pressure. Read More.
• Negative Sentiment: Q1 EPS miss — the company posted a wider loss (‑$8.01 vs. est. ‑$6.82), which triggered headline‑driven selling and contributed to intraday volatility. Read More.
• Negative Sentiment: Significant insider/institutional selling — recent EVP sales (Ravi Simhambhatla and Edward Linnen) and a major shareholder block sale (~$1.47M) have increased share supply and pressured sentiment. SEC filing for Ravi Simhambhatla: Read More.; major holder sale coverage: Read More.
• Negative Sentiment: Heightened volatility and bearish flows — trading halts, a surge in put buying and headlines about short‑squeeze reversals increase downside risk and make trading unpredictable. Read More.

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.