Avis Budget Group, Inc. (CAR)

Avis Budget Group's stock has been influenced by several events in the past six months. The company reported its first-quarter 2025 financial results on May 8, 2025, demonstrating progress in its fleet rotation strategy. On July 29, 2025, Avis Budget Group announced its second-quarter 2025 results, reporting revenues of $3.0 billion and a net income of $5 million, and the appointment of Daniel Cunha as Chief Financial Officer. On October 27, 2025, Avis Budget Group reported its third-quarter 2025 results, with revenues of $3.5 billion and a net income of $360 million. Analyst ratings have seen some adjustments, with price targets being lowered and some "Sell" ratings issued in October and November 2025. The stock's total return over the past 12 months was 29.30%, and it was up 63.03% year-to-date as of November 21, 2025.

Demand for Avis Budget Group's products and services exhibits clear seasonality. The company experiences peak demand during the third quarter, driven by seasonal revenue per day increases, and this strong demand is anticipated to continue throughout the holiday season. Leisure travel demand is generally strong, particularly in the summer season. Conversely, the first quarter typically sees seasonally lower travel demand, and commercial activity can be weaker during this period.

Avis Budget Group, Inc. is a global provider of mobility solutions, primarily involved in vehicle rental and car-sharing services, operating within the consumer discretionary sector. Its major products and services include car and truck rentals, as well as car-sharing options. Avis Budget Group manages a portfolio of well-known brands, including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Zipcar, Payless Car Rental, and several regional brands. The company's mission is to deliver a seamless and convenient rental experience.

Avis Budget Group has a significant global presence, operating approximately 11,000 rental locations in over 180 countries. The company directly operates most of its car rental offices in North America, Europe, and Australasia, while primarily utilizing licensees in other parts of the world. Its Americas segment encompasses vehicle rental operations in North America, South America, Central America, and the Caribbean. The International segment covers vehicle rental operations in Europe, the Middle East, Africa, Asia, and Australasia, and also includes car-sharing operations in some of these markets.

In the past year, Avis Budget Group has focused on enhancing its offerings and corporate responsibility. The company launched "Avis First," a premium customer experience product designed to offer a first-class car rental experience, which has received positive customer ratings. Avis Budget Group also emphasizes its corporate responsibility strategy, which includes environmental stewardship, supporting people and communities, and strong governance and business conduct. The company is committed to providing sustainable transportation solutions and fostering an inclusive workplace.

Avis Budget Group, Inc. has a substantial institutional ownership base, with 598 institutional owners and shareholders holding a total of 45,819,246 shares. Major institutional owners include SRS Investment Management, LLC, Pentwater Capital Management LP, Susquehanna International Group, Llp, Jane Street Group, Llc, UBS Group AG, HSBC Holdings Plc, BlackRock, Inc., and Vanguard Group Inc.. As of September 30, 2025, SRS Investment Management, Llc held 17,430,882 shares, and Pentwater Capital Management Lp held 3,163,000 shares.