Avis Budget Group (CAR)
Operates rental, truck-rental, and car-sharing brands through a direct and licensee network.
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Operates Avis and Budget vehicle-rental brands, Budget Truck, and Zipcar car sharing. Most North American, European, and Australasian locations are operated directly, while licensees serve other regions.
Operates Avis and Budget vehicle-rental brands, Budget Truck, and Zipcar car sharing. The rental network combines airport heritage with personalized end-to-end rental experiences and transportation solutions.
Most locations in North America, Europe, and Australasia are operated directly; licensees principally serve other regions. The current listed issuer emerged when Cendant was renamed Avis Budget Group and CAR began trading in 2006, while Avis and Budget trace their brand lineages to 1946 and 1958. Avis Europe's acquisition reunified Avis and Budget globally, and Zipcar expanded the company into car sharing. Global operation depends on the mix of corporate-operated locations and licensee networks.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $99 | Target: $95 |
| Jul 24, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $85 | Target: $95 |
| Jun 8, 2026 | Barclays | Upgrade | Target: $140 | Target: $160 |
| May 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $142 | Target: $99 |
| May 8, 2026 | Susquehanna | Reiterate | Rating: —Target: $130 | Target: $140 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $558.0M · Total debt $29.13B · Total assets $32.33B · Shareholders' equity −$3.39B
- Revenue
- $3.00B
- Operating income
- $1.09B
- Net income
- $35.0M
| Institutions | 118.06% | 41.71M shares | |
|---|---|---|---|
| 358 holders · as of Jun 30, 2026 | |||
| Insiders | 1.95% | 687.6K shares | |
| 14 holders · as of Aug 11, 2026 | |||
| Adds to | 120.01% | ||
35.33M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 120.01%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
SRS Investment Management, LLCInstitution | 49.34% | 17.43M | as of Jun 30, 2026 |
UBS Group AGInstitution | 7.18% | 2.54M | as of Jun 30, 2026 |
Pentwater Capital Management LPInstitution | 7.11% | 2.51M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 5.75% | 2.03M | as of Jun 30, 2026 |
HSBC Holdings PLCInstitution | 4.75% | 1.68M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Ravi Simhambhatla | officer: EVP, CDIO - see remarks | −4,702 | $138.79 |
| Apr 30, 2026 | Edward P. Linnen | officer: EVP, Chief HR Officer | −9,483 | $182.32 |
| Apr 30, 2026 | Ravi Simhambhatla | officer: EVP, CDIO - see remarks | −3,469 | $184.09 |
| Apr 23, 2026 | Pentwater Capital Management LP | 10 percent owner | −2,694,239 | $272.14 |
| Apr 22, 2026 | Pentwater Capital Management LP | 10 percent owner | −1,647,000 | $618.99 |
