JPMorgan cuts target for Avis Budget Group stock to USD 105.00

Published on 10/15/2026 at 22:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 1.30 percent to USD 2.998 billion. Avis Budget Group stock costs EUR 97.88 on October 15, 2026, up 2.86 percent on Nasdaq.

Analyst caution and upcoming results

JPMorgan reduced its Avis Budget Group target from USD 145.00 to USD 105.00 on October 8, 2026.
Second-quarter revenue was USD 2.998 billion, down 1.30 percent year over year, on June 30, 2026.
Avis Budget Group stock costs EUR 97.88 at Lang & Schwarz on October 15, 2026 at 10:48 p.m. CEST, while Nasdaq trading was up 2.86 percent.
Avis Budget Group plans to report third-quarter results on November 3, 2026.

CAR, US0537741052, Illustration mit AI erstellt.

Avis Budget Group (ISIN US0537741052) faces a lower JPMorgan target after the bank cut its price objective from USD 145.00 to USD 105.00 on October 8, 2026. The new target sits 4.35 percent below the Nasdaq stock's USD 109.77 price, based on the same day's US quote. MarketBeat reported the cut and said JPMorgan kept an underweight rating. Avis Budget Group stock was trading at EUR 97.88 at Lang & Schwarz on October 15, 2026 at 10:48 p.m. CEST, while CAR was up 2.86 percent on Nasdaq against its prior close.

Revenue sets the next comparison

The latest reported period points to a softer operating backdrop. Avis Budget Group generated USD 2.998 billion in revenue and USD 63.00 million in net income in the second quarter ended June 30, 2026. The revenue figure was down 1.30 percent year over year, while operating profit reached USD 417.00 million. These figures come from the quarterly statement for the period and are consistent with the company's investor-relations materials.

For investors, the target cut matters because it contrasts with the current consensus picture. MarketBeat cited a consensus target of USD 125.71 from nine analysts on October 8, 2026, alongside six hold ratings and three sell ratings. The distance between JPMorgan's USD 105.00 target and the consensus target is USD 20.71, leaving a wide spread among published views. MarketBeat also reported that the second-quarter earnings figure of USD 0.98 missed a USD 2.05 consensus estimate.

Price position and trading range

The finance snapshot places CAR's market capitalization at USD 3.9 billion and its price-to-earnings ratio at minus 6.06 as of October 15, 2026. The 52-week range was USD 85.96 to USD 847.70, putting the Nasdaq price of USD 109.77 87.05 percent below the high and 27.70 percent above the low. Trading volume was 299,422 shares against an average of 422,989 shares.

Valuation and upcoming date

Avis Budget Group plans to publish third-quarter 2026 results after the market close on November 3, 2026, followed by a conference call on November 4, 2026, at 8:30 a.m. Eastern time. GlobeNewswire carried the company's October 9, 2026 announcement. The release identifies the listing as NASDAQ and the ticker as CAR.

Comparison with peers

CAR (NASDAQ, USD): plus 2.86 percent, P/E minus 6.06, market capitalization USD 3.9 billion.

Hertz Global Holdings (NASDAQ, USD): minus 1.08 percent, P/E minus 1.64, market capitalization USD 577.8 million.

Sixt (Xetra, EUR): plus 2.15 percent, P/E 10.98, market capitalization EUR 3.3 billion.

What the next report may clarify

The November report will provide the next scheduled test for rental demand, pricing and fleet costs. The second-quarter figures give that date a clear benchmark: revenue of USD 2.998 billion, net income of USD 63.00 million and operating profit of USD 417.00 million.

Avis Budget Group was trading at EUR 97.88 at Lang & Schwarz on October 15, 2026 at 10:48 p.m. CEST. Nasdaq trading was up 2.86 percent on October 15, 2026 versus the prior close. The further course of trading is shown by the continuously updated real-time quote of Avis Budget Group stock.