Hsbc Holdings PLC Lowers Holdings in Avis Budget Group, Inc. $CAR

Hsbc Holdings PLC decreased its holdings in Avis Budget Group, Inc. (NASDAQ:CAR) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,676,860 shares of the business services provider’s stock after selling 25,672 shares during the period. Hsbc Holdings PLC owned 4.75% of Avis Budget Group worth $247,773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Pentwater Capital Management LP bought a new position in Avis Budget Group in the 2nd quarter worth approximately $371,541,000. BlackRock Inc. bought a new stake in shares of Avis Budget Group during the second quarter valued at approximately $245,413,000. Morgan Stanley raised its position in shares of Avis Budget Group by 38.1% during the fourth quarter. Morgan Stanley now owns 1,975,675 shares of the business services provider’s stock valued at $253,519,000 after buying an additional 545,574 shares during the last quarter. Cibc World Market Inc. purchased a new position in shares of Avis Budget Group in the second quarter worth $73,915,000. Finally, Norges Bank purchased a new position in shares of Avis Budget Group in the fourth quarter worth $45,900,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Avis Budget Group Stock Performance

Avis Budget Group stock opened at $138.73 on Monday. The firm has a 50-day moving average price of $149.07 and a 200-day moving average price of $171.08. The firm has a market capitalization of $4.90 billion, a PE ratio of -7.64 and a beta of 1.91. 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 released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.98 EPS 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 analysts’ expectations of $3.10 billion. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts predict that Avis Budget Group, Inc. will post 1.36 earnings per share for the current fiscal year.

Key Headlines Impacting Avis Budget Group

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

• Positive Sentiment: Zacks upgraded Avis Budget Group from “strong sell” to “hold,” which may reduce some extreme bearish sentiment and offer limited support for the shares. Zacks rating upgrade report
• Neutral Sentiment: A head-to-head review comparing Avis Budget Group with Lyft provides sector context but does not appear to announce a material change to Avis’s operations, financial outlook, or valuation. Avis Budget Group versus Lyft review
• Negative Sentiment: Several investor-rights firms publicized a securities class action and a September 29, 2026 lead-plaintiff deadline involving Pentwater Capital Management and CEO Matthew Halbower. The filings allege that Pentwater accumulated and then sold Avis shares, causing substantial investor losses; the allegations have not been proven. The notices may weigh on CAR because of potential litigation costs, uncertainty, and reputational risk. Rosen Law Firm lawsuit deadline notice

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CAR shares. Zacks Research raised shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Barclays set a $160.00 price target on shares of Avis Budget Group and gave the stock an “equal weight” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. increased their price objective on shares of Avis Budget Group from $155.00 to $170.00 and gave the company an “underweight” rating in a report on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Avis Budget Group in a research report on Monday, August 17th. Finally, Wall Street Zen cut Avis Budget Group from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Avis Budget Group has an average rating of “Reduce” and a consensus target price of $135.57.

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.