Avis Budget Group (CAR) is down 6.8% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is spillover pressure from a weaker read on the car-rental space after a major rival trimmed its second-quarter outlook and outlined fresh capital raising, which can weigh on sentiment for the whole group. This could also be a giveback move after Avis rallied on its recent $650 million settlement announcement, with traders locking in gains in a stock that has been unusually volatile and heavily shorted.
Details:
A rival in the rental-car industry cut its near-term outlook and discussed new share and debt issuance, a combination that appears to have pressured peers as investors reassessed demand and balance-sheet risk.Avis reported first-quarter 2026 results on April 29 that showed a second straight quarterly loss, even though revenue per day rose in both the Americas and International segments.Avis disclosed on June 19 that it entered a settlement agreement expected to bring in $650 million in cash, pending court approval, which had recently lifted the stock and set up the possibility of profit-taking afterward.Short interest remained elevated into late June, adding to the odds of sharp swings in either direction as positioning changes.Sources:
Avis Budget Group, SEC, Benzinga, Investing.com
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CAR Insider Trading Activity
$CAR insiders have traded $CAR stock on the open market 65 times in the past 6 months. Of those trades, 1 have been purchases and 64 have been sales.
Here’s a breakdown of recent trading of $CAR stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT LP PENTWATER has made 1 purchase buying 425,000 shares for an estimated $40,060,075 and 60 sales selling 4,339,100 shares for an estimated $1,752,030,069.
- EDWARD P LINNEN (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 9,483 shares for an estimated $1,728,900.
- RAVI SIMHAMBHATLA (EVP, CDIO - see remarks) sold 3,469 shares for an estimated $638,608
- LYNN KROMINGA sold 1,950 shares for an estimated $178,503
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
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$CAR Hedge Fund Activity
We have seen 130 institutional investors add shares of $CAR stock to their portfolio, and 176 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 1,403,436 shares (+47.3%) to their portfolio in Q1 2026, for an estimated $204,691,140
- CIBC WORLD MARKETS CORP added 707,800 shares (+248.4%) to their portfolio in Q4 2025, for an estimated $90,824,896
- JPMORGAN CHASE & CO removed 638,370 shares (-90.1%) from their portfolio in Q4 2025, for an estimated $81,915,638
- NATIONAL BANK OF CANADA /FI/ removed 585,327 shares (-41.1%) from their portfolio in Q1 2026, for an estimated $85,369,942
- DISCOVERY CAPITAL MANAGEMENT, LLC / CT added 548,677 shares (+inf%) to their portfolio in Q1 2026, for an estimated $80,024,540
- GOLDMAN SACHS GROUP INC removed 364,988 shares (-68.7%) from their portfolio in Q1 2026, for an estimated $53,233,499
- NORGES BANK added 317,536 shares (+790.6%) to their portfolio in Q4 2025, for an estimated $40,746,219
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CAR Price Targets
Multiple analysts have issued price targets for $CAR recently. We have seen 6 analysts offer price targets for $CAR in the last 6 months, with a median target of $157.5.
Here are some recent targets:
- Rajat Gupta from JP Morgan set a target price of $170.0 on 06/23/2026
- Dan Levy from Barclays set a target price of $160.0 on 06/08/2026
- Andrew Percoco from Morgan Stanley set a target price of $99.0 on 05/20/2026
- Christopher Stathoulopoulos from Susquehanna set a target price of $140.0 on 05/08/2026
- Stephanie Moore from Jefferies set a target price of $160.0 on 05/01/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
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Avis Budget Group falls as sector pressure and volatile trading outweigh recent legal win
Avis Budget Group (CAR) is down 6.8% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is spillover pressure from a weaker read on the car-rental space after a major rival trimmed its second-quarter outlook and outlined fresh capital raising, which can weigh on sentiment for the whole group. This could also be a giveback move after Avis rallied on its recent $650 million settlement announcement, with traders locking in gains in a stock that has been unusually volatile and heavily shorted.
Details:
Sources:
Avis Budget Group, SEC, Benzinga, Investing.com
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CAR Insider Trading Activity
$CAR insiders have traded $CAR stock on the open market 65 times in the past 6 months. Of those trades, 1 have been purchases and 64 have been sales.
Here’s a breakdown of recent trading of $CAR stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CAR Hedge Fund Activity
We have seen 130 institutional investors add shares of $CAR stock to their portfolio, and 176 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CAR Price Targets
Multiple analysts have issued price targets for $CAR recently. We have seen 6 analysts offer price targets for $CAR in the last 6 months, with a median target of $157.5.
Here are some recent targets:
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »