JPMorgan cuts Avis Budget Group stock target to USD 105.00

Published on 10/20/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avis Budget reported USD 2.998 billion revenue in the second quarter. Avis Budget Group stock costs EUR 90.86 on October 20, 2026 at 7:13 p.m. CEST.

Targets, earnings and trading level

JPMorgan cut its Avis Budget Group target to USD 105.00 on October 8, 2026.
Second-quarter revenue was USD 2.998 billion and net income was USD 63.0 million.
Avis Budget Group stock stood at EUR 90.86 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST.
Third-quarter results are scheduled for November 3, 2026.

CAR, US0537741052, Illustration mit AI erstellt.

JPMorgan cut its target for Avis Budget Group from USD 145.00 to USD 105.00 on October 8, 2026, while retaining an Underweight rating, according to Yahoo Finance. The new target stood 2.81 percent above the USD 102.13 Nasdaq price at the latest quoted time. Avis Budget Group was trading at EUR 90.86 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST.

Second-quarter figures show the trade-off

Avis Budget Group reported USD 2.998 billion of revenue and USD 63.0 million of net income for the second quarter ended June 30, 2026. Adjusted EBITDA was USD 286 million, according to the company investor-relations page. Revenue declined 1.30 percent from the prior-year quarter, while net income increased from USD 5.0 million.

The operating picture was mixed. Vehicle utilization reached 72.60 percent in the second quarter, up from 70.70 percent a year earlier, while the average rental fleet fell 5.00 percent to 664,638 vehicles. The figures show how higher utilization helped offset lower fleet volume.

Nasdaq valuation stays under pressure

On Nasdaq, CAR was last at USD 102.13 on October 20, 2026 at 1:18 p.m. ET, with 66,003 shares traded and a market capitalization of USD 3.6 billion. The 52-week range was USD 85.96 to USD 847.70 in the same market quotation, a wide spread that underscores the stock's volatility.

November date sets the next test

Avis Budget Group plans to report third-quarter 2026 results after the market close on November 3, 2026, with the conference call scheduled for November 4, 2026. The company investor-relations page lists the call for 8:30 a.m. EST. For investors, the next report will put fleet utilization, revenue and cash generation alongside JPMorgan's reduced target.

Target cut meets operating progress

The valuation debate now turns on whether better vehicle utilization can offset weaker revenue and the lower target from JPMorgan. The second-quarter adjusted EBITDA result of USD 286 million provides a measurable benchmark for the November update.

Trading level and next report

Avis Budget Group was trading at EUR 90.86 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST. The next scheduled result is November 3, 2026. The further course of trading is shown by the continuously updated real-time quote of Avis Budget Group stock.