Avis Budget Group stock falls 2.02 percent as lawsuit deadline nears
Published on 09/25/2026 at 07:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Avis Budget Group stock fell 2.02 percent to USD 103.54 on Nasdaq on September 24, 2026, as investors weighed a September 29 deadline connected with a securities class action. The move leaves the rental company with a market capitalization of USD 3,657,628,362.
Legal deadline sets the tone
GlobeNewswire reported on September 22, 2026, that a securities class action had been filed involving Avis Budget Group investors who acquired securities between February 20, 2025, and April 21, 2026. The notice names September 29, 2026, as the deadline for eligible investors to seek appointment as lead plaintiff.
The legal timetable adds a near-term event to a stock already responding to weaker quarterly expectations. At USD 103.54, the September 24 price was USD 2.13 below the prior session close of USD 105.67, matching the daily decline of 2.02 percent.
Q2 earnings missed estimates
Avis Budget Group reported USD 3.0 billion in revenue, USD 63 million in net income and USD 286 million in Adjusted EBITDA for the quarter ended June 30, 2026, according to the company's investor-relations release. The company also reported that Q2 2026 vehicle utilization reached 72.6 percent.
Zacks said on August 27, 2026, that adjusted EPS of USD 0.98 missed the USD 2.16 consensus estimate by 54.6 percent. Revenue declined 1.3 percent year over year, while revenue per day increased 1 percent to USD 68.29.
Nasdaq price reflects the pressure
The market data show a clear contrast between operating improvement and shareholder performance. Adjusted EBITDA increased 3.2 percent year over year in Q2 2026, but the stock still fell 2.02 percent in the September 24 session and stood below its prior close.
For investors, the next measurable checkpoints are the September 29 legal deadline and the company's next scheduled earnings report on November 2, 2026. The latter date is listed by TradingView as the next earnings date.
Stock trades at USD 103.54
Avis Budget Group stock stood at USD 103.54 on Nasdaq on September 24, 2026, down 2.02 percent from USD 105.67. Its market capitalization was USD 3,657,628,362 on the same date.
Avis Budget Group at a glance
- Company: Avis Budget Group, Inc.
- Ticker: CAR
- Trading venue: Nasdaq
- Price as of September 24, 2026: USD 103.54
- Market capitalization: USD 3,657,628,362 as of September 24, 2026
- Sector / Industry: Industrials / Rental and Leasing Services
- Index membership: S&P 400 MidCap
