Deutsche Bank AG Purchases New Shares in Avis Budget Group, Inc. $CAR

Deutsche Bank AG purchased a new position in shares of Avis Budget Group, Inc. (NASDAQ:CAR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,258 shares of the business services provider’s stock, valued at approximately $5,064,000.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG increased its stake in Avis Budget Group by 37.3% in the 4th quarter. UBS Group AG now owns 2,964,807 shares of the business services provider’s stock valued at $380,444,000 after buying an additional 804,814 shares during the last quarter. Morgan Stanley boosted its stake in shares of Avis Budget Group by 38.1% in the 4th quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock worth $253,519,000 after buying an additional 545,574 shares during the last quarter. State Street Corp boosted its stake in shares of Avis Budget Group by 1.0% in the 2nd quarter. State Street Corp now owns 713,127 shares of the business services provider’s stock worth $120,554,000 after buying an additional 7,318 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Avis Budget Group by 75.0% during the fourth quarter. Cibc World Market Inc. now owns 700,005 shares of the business services provider’s stock valued at $89,825,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its position in shares of Avis Budget Group by 7.4% during the first quarter. Mizuho Markets Americas LLC now owns 400,000 shares of the business services provider’s stock valued at $58,340,000 after acquiring an additional 27,500 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Avis Budget Group Trading Down 1.2%

Shares of CAR stock opened at $145.13 on Wednesday. The stock has a market capitalization of $5.13 billion, a P/E ratio of -7.99 and a beta of 1.92. The firm’s 50 day moving average is $155.41 and its 200 day moving average is $169.78. Avis Budget Group, Inc. has a 12 month low of $85.96 and a 12 month high of $847.70.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($1.07). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Avis Budget Group, Inc. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group cut Avis Budget Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $112.00 to $160.00 in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Avis Budget Group from $155.00 to $170.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 23rd. Susquehanna boosted their price target on shares of Avis Budget Group from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays set a $160.00 price objective on shares of Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Finally, Morgan Stanley lifted their price objective on shares of Avis Budget Group from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $135.57.

Trending Headlines about Avis Budget Group

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 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.