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Avis Budget slides as traders eye signs of improvement, but another quarterly loss
Seeking Alpha News (Wed, 29-Apr 7:40 AM ET)
Avis Budget GAAP EPS of -$8.01 misses by $0.51, revenue of $2.53B beats by $90M
Seeking Alpha News (Wed, 29-Apr 7:07 AM ET)
Avis Budget Group Reports First Quarter 2026 Results
Globe Newswire (Wed, 29-Apr 7:00 AM ET)
Major Avis Budget Stakeholder Makes Bold Multi-Billion Move
TipRanks (Tue, 28-Apr 10:04 PM ET)
Avis Budget Group Inc is a provider of mobility solutions through its three brands Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Its brands offer a range of options, from car and truck rental to car sharing. The company operates in two reportable business segments: Americas - (i) vehicle rental operations in North America, South America, Central America and the Caribbean, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly. International - consisting of (i) vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly.
Avis Budget Group trades on the NASDAQ stock market under the symbol CAR.
As of May 1, 2026, CAR stock price climbed to $185.55 with 1,594,039 million shares trading.
CAR has a beta of 2.43, meaning it tends to be more sensitive to market movements. CAR has a correlation of 0.07 to the broad based SPY ETF.
CAR has a market cap of $6.55 billion. This is considered a Mid Cap stock.
Last quarter Avis Budget Group reported $3 billion in Revenue and -$8.01 earnings per share. This beat revenue expectation by $93 million and missed earnings estimates by -$.62.
In the last 3 years, CAR traded as high as $847.70 and as low as $54.03.
The top ETF exchange traded funds that CAR belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
CAR has outperformed the market in the last year with a return of +99.6%, while the SPY ETF gained +30.4%. In the last 3 month period, CAR beat the market returning +61.4%, while SPY returned +4.4%. However, in the most recent 2 weeks CAR has underperformed the stock market by returning -62.4%, while SPY returned +1.5%.
CAR support price is $157.84 and resistance is $203.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAR shares will trade within this expected range on the day.