NASDAQ: CAR
Avis Budget Group provides mobility solutions, primarily vehicle rental, through its Avis, Budget and Zipcar brands and several regional brands. It also licenses these trademarks to licensees in areas where it does not operate directly. The company and its licensees operate in approximately 180 countries through roughly 10,000 rental locations, with company-operated locations concentrated in North America, Europe and Australasia. It reports two segments, Americas and International. Revenue depends on rental volume, measured in rental days, and pricing, measured as revenue per day. Profitability depends heavily on fleet utilization and per-unit fleet costs, meaning vehicle depreciation, lease charges and gains or losses on vehicle sales. The fleet is largely financed with asset-backed vehicle program debt, including through Avis Budget Rental Car Funding (AESOP) LLC, alongside corporate debt. In Q3 2026 the company operated an average rental fleet of about 707,000 vehicles, focused on fleet discipline and record utilization, received a $650 million settlement payment from Pentwater Capital Management, and moved to redeem its 5.750% Senior Notes due 2027. Updated
Earnings came in 38% below expectations even though revenue edged past estimates, leaving net income down 49% to $183 million. Rental days slipped 3% and the year-ago quarter's $109 million legal-matters income did not repeat. The $650 million Pentwater settlement lands in the fourth quarter.
Outside investors are putting fresh money behind the fleet business Hertz Global Holdings (NASDAQ:HTZ) built from its own rental operations. Hertz stock is up 12% to $2.06 this morning after the company…
Beaten-down rental stocks are bouncing while the wider transportation sector slips, and Hertz Global Holdings (NASDAQ:HTZ) is leading the rebound from the deepest hole in the group. Hertz stock is at $2.08,…
Hertz stock is surging again, and retail traders are going all-in with life savings on the line, but a wall of lawsuits, a stretched balance sheet, and no support from peers raises…
Pre-Market Stock Futures: Futures are trading mixed as we get ready to finish off another wild week. What a difference a day makes: after a flat-to-down Wednesday, all the major indices exploded…
Shares of Hertz (NASDAQ:HTZ) are up 13% on Thursday at roughly $6.35, while Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) stock is only up 2% to around $184.50. The contrast here…
Shares of Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) are down roughly 12% in early Wednesday trading after the company released a disappointing Q1 2026 earnings report before market open (BMO).…
Avis Budget Group (NASDAQ: CAR | CAR Price Prediction) stock surged from roughly $148 a share on March 27, 2026, to a 52-week high of $847.70 in a matter of weeks, then…
Shares of Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) are cratering in Thursday trading, with the stock last changing hands near $290 after closing Wednesday at $443.94. That’s a 35% single-session…
Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) shares are up 13% in early trading Wednesday, continuing a rally that has now become one of the more extraordinary moves in recent market…
David Moadel Hertz Global Holdings (NASDAQ:HTZ) stock is down 9% in midday trading on Tuesday, sliding from $7.81 to $7.11. That’s a painful single-session reversal for a stock that had nearly doubled over the…
Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) shares are up 15% in early trading this Tuesday morning, defying a fresh Barclays downgrade to Underweight issued directly into the teeth of one…
David Moadel Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) stock is up 11% midday Monday, climbing from $493.86 to $550 as short-sellers scramble to cover positions they can no longer afford to hold.…
David Moadel Hertz Global Holdings (NASDAQ:HTZ) stock is down 7% in midday trading, slipping from $6.99 to less than $6.50. Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) stock is also retreating 7%, moving…
Avis Budget Group (NASDAQ:CAR | CAR Price Prediction) stock is up 10% today, moving from $212.60 to $235 in midday trading on Tuesday. It’s pure momentum, fueled by heavy call buying and…
Pre-Market Stock Futures: Futures are trading mixed as we get ready to kick off the first-quarter earnings season next week, and, as usual, the big money-center banks and brokerage firms will headline…
Avis Budget Group provides mobility solutions, primarily vehicle rental, through its Avis, Budget and Zipcar brands and several regional brands. It also licenses these trademarks to licensees in areas where it does not operate directly.
24/7 Wall St.'s 12-month price target for CAR is $125.51, rated Buy. The Wall Street consensus target is $116.43. CAR price prediction →
