Hsbc Holdings PLC Makes New Investment in Avis Budget Group, Inc. $CAR

Hsbc Holdings PLC bought a new stake in Avis Budget Group, Inc. (NASDAQ:CAR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,676,860 shares of the business services provider’s stock, valued at approximately $247,773,000.

Several other large investors also recently made changes to their positions in CAR. BlackRock Inc. bought a new stake in shares of Avis Budget Group in the second quarter valued at about $245,413,000. UBS Group AG grew its stake in shares of Avis Budget Group by 37.3% in the fourth 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 in the last quarter. Morgan Stanley grew its position 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 valued at $253,519,000 after acquiring an additional 545,574 shares during the period. Cibc World Market Inc. bought a new position in Avis Budget Group during the second quarter worth about $73,915,000. Finally, Norges Bank bought a new position in shares of Avis Budget Group during the 4th quarter worth approximately $45,900,000. Institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CAR shares. 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. Jefferies Financial Group cut Avis Budget Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $112.00 to $160.00 in a research report on Friday, May 1st. Zacks Research downgraded shares of Avis Budget Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Avis Budget Group in a report on Monday, August 17th. Finally, Susquehanna raised their price objective on Avis Budget Group from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Avis Budget Group has an average rating of “Reduce” and a consensus price target of $135.57.

Avis Budget Group News Summary

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 Stock Down 1.2%

CAR opened at $145.13 on Wednesday. The company has a fifty day moving average of $155.41 and a 200-day moving average of $169.78. 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 $5.13 billion, a PE ratio of -7.99 and a beta of 1.92.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings data 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. During the same quarter last year, the company earned $0.10 earnings per share. Avis Budget Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Avis Budget Group, Inc. will post 1.36 EPS for the current fiscal year.

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.