Avis Budget Group Inc. ($CAR) Stock Forecast: Down 5.4% Today

What is Avis Budget Group Inc.?

Avis Budget Group (CAR) is a company in the car rental industry, listed on NASDAQ. Today, the market for CAR experienced a strong bearish movement.

Why is Avis Budget Group Inc. going down?

CAR stock is down 5.4% on Aug 20, 2025 18:35

• A downgrade by BofA Securities to Underperform was issued for Avis Budget Group's stock, mentioning weak pricing and demand pressures in rentals.
• Along with the downgrade, CAR's price target was also lowered to $113 due to concerns about earnings pressure persisting into 2026 despite long-term initiatives.
• The negative evaluation by BofA Securities was likely a factor in the bearish movement of CAR's stock today, causing investors to react to worries about the company's financial performance and outlook.

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BofA Securities Analyst Hits The Brakes On Avis Budget Group, Downgrades Stock - Avis Budget Gr ( NASDAQ:CAR )

Avis Budget stock falls after BofA cuts rating to Underperform, citing weak pricing and demand pressures in rentals. Analyst lowers CAR price target to $113, warning earnings could stay under pressure into 2026 despite long-term initiatives.

https://www.benzinga.com/analyst-stock-ratings/downgrades/25/08/47242044/avis-budget-stock-falls-as-bank-of-america-warns-weak-demand-pricing-could-hurt-

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Avis Budget Group Inc. Price History

30.06.2025 - CAR Stock was down 13.3%

• Second-quarter earnings and revenue for Avis Budget Group fell below analyst estimates, leading to a negative market reaction.
• The company missed earnings and revenue numbers by a significant margin (-95.05% and -0.90% respectively), likely contributing to the bearish sentiment surrounding the stock.
• Despite announcing a strategic partnership with Waymo, a leader in self-driving technology, the stock price did not see a positive impact, with investors seemingly more focused on the disappointing financial results.
• Deep-pocketed investors in the options market took a bearish approach, further pressuring Avis Budget Group's stock price downwards.

23.05.2025 - CAR Stock was up 5.2%

• The bullish movement in CAR's stock could be attributed to investors showing confidence in the company's ability to navigate through the legal challenges.
• The flurry of law firms investigating claims and deadlines for shareholders might have created uncertainty initially, but the stock's positive movement suggests that investors are optimistic about the company's resilience.
• Despite the legal overhang, the market seems to believe that Avis Budget Group will successfully address the issues raised in the securities fraud lawsuits, leading to the bullish trend in the stock price.

19.04.2025 - CAR Stock was up 6.9%

• CAR stock's positive momentum could be linked to the issuance of $600 million in senior notes, reflecting a strong financial decision.
• Initial concerns sparked by a class action lawsuit seem to have subsided, with investors showing renewed confidence in the company's financial strength.
• The opportunity for investors to take part in a securities fraud lawsuit may have introduced some instability, yet the general market sentiment appears to have turned upbeat about CAR's prospects.
• As the investor deadline approaches, heightened interest and trading action in CAR stock may have contributed to its upward movement today.

19.04.2025 - CAR Stock was up 5.5%

• The announcement of Avis Budget Group pricing $600 million of senior notes could have signaled to investors that the company is strengthening its financial position, leading to increased confidence and driving the stock price up.
• Despite reporting a loss in Q1, the 6% increase in Avis Budget's stock price indicates that investors may be focusing on the company's long-term growth potential and resilience in navigating challenging market conditions.
• The opportunity for investors to lead a securities fraud lawsuit against Avis Budget Group might have initially caused some uncertainty, but the stock's bullish movement suggests that investors are optimistic about the company's ability to address any legal challenges effectively.
• The approaching investor deadline for claims investigation by Faruqi & Faruqi, LLP could have initially created some volatility, but the overall market sentiment seems to have shifted positively, possibly due to the company's proactive steps in addressing investor concerns.

20.07.2025 - CAR Stock was down 5.4%

• A downgrade by BofA Securities to Underperform was issued for Avis Budget Group's stock, mentioning weak pricing and demand pressures in rentals.
• Along with the downgrade, CAR's price target was also lowered to $113 due to concerns about earnings pressure persisting into 2026 despite long-term initiatives.
• The negative evaluation by BofA Securities was likely a factor in the bearish movement of CAR's stock today, causing investors to react to worries about the company's financial performance and outlook.

04.05.2025 - CAR Stock was down 5.1%

• Multiple law firms are investigating and encouraging investors to discuss their losses with them, indicating potential legal troubles for Avis Budget Group, Inc.
• A securities class action lawsuit against the company suggests that investors may have lost confidence in the stock due to alleged violations during the specified period.
• The looming deadline for investors to secure counsel before June 24, 2025, adds pressure on the stock as uncertainties surrounding the outcome of the lawsuit persist.
• Overall, the negative legal developments and investor alerts seem to have contributed to the bearish movement in CAR's stock price today.

12.04.2025 - CAR Stock was down 5.3%

• Avis Budget Group (CAR) reported a significant loss in Q1 and missed revenue estimates, leading to a negative market sentiment.
• The pending class action lawsuit reminder from Faruqi & Faruqi LLP might have added to investor concerns, contributing to the bearish movement in the stock.
• The poor financial performance in Q1 and the legal uncertainties could be key factors driving the strong bearish movement in CAR's stock today.

22.04.2025 - CAR Stock was up 5.0%

• The rise in CAR stock might be linked to investors' growing confidence in the company's capability to navigate the current class action securities lawsuit.
• Notifications and support from legal firms to shareholders may have provided reassurance that Avis Budget Group is actively addressing the legal issues.
• The opportunity for investors to take charge of the securities fraud lawsuit could have indicated a potential for positive outcomes in resolving the legal matters, fostering increased investor confidence and fueling the stock's upward movement.
• Overall, despite the legal obstacles, Avis Budget Group's proactive approach in dealing with the class action lawsuit appears to have been positively received by investors, contributing to the stock's bullish performance in the market.

06.05.2025 - CAR Stock was up 5.2%

• The bullish movement in Avis Budget Group's stock (CAR) today could be attributed to investors gaining confidence in the company's ability to navigate through the ongoing securities class action investigations.
• Despite the legal challenges, investors might be optimistic about the company's future prospects and its resilience in the face of legal scrutiny.
• The increased interest from investor counsel firms could also indicate a potential resolution or clarity on the legal issues surrounding Avis Budget Group, which might have positively influenced the stock's performance.
• Overall, the bullish sentiment towards CAR today suggests that investors are looking beyond the legal uncertainties and focusing on the company's underlying business fundamentals and growth potential.

20.04.2025 - CAR Stock was up 5.1%

• The surge in CAR's stock value is possibly linked to the positive market response following the company's disclosure of pricing $600 million worth of senior notes. This move signals confidence in the company's financial health and growth potential.
• Despite facing ongoing securities class action lawsuits, the market's upbeat reaction indicates growing investor trust in Avis Budget Group's capacity to manage these legal issues.
• Overall, Avis Budget Group's recent financial strategies and updates are being well-received by the market, reflected in the bullish performance of CAR's stock.

27.05.2025 - CAR Stock was down 5.1%

• The stock of Avis Budget Group, Inc. (CAR) experienced a strong bearish movement likely due to investigations by multiple law firms into potential claims and securities fraud lawsuits against the company.
• The market responded negatively to these investigations, leading investors to sell off their positions in CAR and causing a bearish trend.
• Concerns about the impact on the company's financial stability and reputation are likely driving the increased selling pressure on the stock.
• The uncertainty surrounding the investigations and lawsuits may continue to affect CAR's stock price in the short term until more information is disclosed by the company or regulatory authorities.

01.07.2025 - CAR Stock was down 5.1%

• CAR stock witnessed a significant downward trend subsequent to the release of the company's Q2 earnings.
• Both revenue and earnings fell short of the consensus forecasts by financial analysts, resulting in an unfavorable outcome for shareholders.
• The company's failure to meet expected earnings and revenue figures likely contributed to the prevailing pessimism surrounding the stock.
• While Avis Budget Group unveiled a long-term strategic collaboration with Waymo, an industry leader in autonomous driving technology, the market response to this partnership was overshadowed by the disappointing financial performance, exerting additional pressure on the stock's trajectory.