54,100 Shares in Avis Budget Group, Inc. $CAR Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR) in the 2nd quarter, HoldingsChannel reports. The firm bought 54,100 shares of the business services provider’s stock, valued at approximately $7,998,000.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Avis Budget Group by 1,845.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 214 shares of the business services provider’s stock worth $27,000 after buying an additional 203 shares during the last quarter. Quarry LP bought a new position in shares of Avis Budget Group in the fourth quarter valued at $27,000. Basepoint Wealth LLC acquired a new stake in shares of Avis Budget Group during the 4th quarter valued at $32,000. Hollencrest Capital Management bought a new stake in shares of Avis Budget Group during the 1st quarter worth $44,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Avis Budget Group by 26.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 363 shares of the business services provider’s stock worth $58,000 after acquiring an additional 76 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAR. Morgan Stanley boosted their target price on 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. JPMorgan Chase & Co. increased their price target on Avis Budget Group from $155.00 to $170.00 and gave the company an “underweight” rating in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a research note on Monday, August 17th. Barclays set a $160.00 price objective on Avis Budget Group and gave the stock an “equal weight” rating in a report on Monday, June 8th. Finally, Wall Street Zen lowered shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Avis Budget Group currently has an average rating of “Reduce” and a consensus price target of $135.57.

Avis Budget Group Stock Performance

NASDAQ CAR opened at $138.12 on Friday. The firm’s 50 day moving average price is $152.67 and its two-hundred day moving average price is $169.89. Avis Budget Group, Inc. has a twelve month low of $85.96 and a twelve month high of $847.70. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -7.60 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR) last released its earnings results on Tuesday, July 28th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, research analysts forecast that Avis Budget Group, Inc. will post 1.36 EPS for the current fiscal year.

Trending Headlines about Avis Budget Group

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

• Neutral Sentiment: Several law firms reminded Avis investors that September 29, 2026 is the deadline to seek appointment as lead plaintiff in a securities class action. The notices are largely procedural and encourage investors with losses to contact counsel. Some filings identify the class period as February 20, 2025–April 21, 2026, while another notice cites February 20, 2026–April 21, 2026. Avis Budget Group class action deadline notice
• Negative Sentiment: The lawsuit alleges violations of federal securities laws by Pentwater Capital Management and its founder and chief investment officer, Matthew Halbower, in connection with reported ownership of Avis shares and call options before a sharp decline in Avis stock. Although the principal defendants named in the notices are Pentwater and Halbower rather than Avis itself, the litigation creates legal, reputational, and investor-confidence overhang for CAR. The allegations have not been proven. Pomerantz Avis class action filing
• Negative Sentiment: Recent earnings momentum is also weighing on the stock. Avis reported quarterly EPS of $0.98, missing the $2.05 consensus estimate, while revenue of approximately $3.0 billion fell short of the $3.1 billion forecast and declined 1.3% year over year. Analysts expect only $1.36 in full-year EPS, reinforcing concerns about profitability and operating conditions. Why Avis Budget is down since earnings
• Negative Sentiment: GuruFocus estimated Avis’s GF Value at $129.16 versus a recent reference price of $139.49, suggesting the shares may still appear overvalued despite their substantial decline and high volatility. GuruFocus Avis valuation analysis

Avis Budget Group Company 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.