Avis Budget Group Inc. Surges to Top 360 Most Actively Traded Stocks with $260 Million in Share Exchange

On May 22, 2025, Avis Budget Group Inc. (CAR) saw a significant surge in trading volume, with a total of $260 million in shares exchanged, marking an 118.92% increase from the previous day. This surge placed Avis among the top 360 most actively traded stocks for the day, with its share price rising by 8.06%.

Avis Budget Group Inc. has been making bold moves, with its adjusted EBITDA forecasted to exceed $200 million in the second quarter. This projection comes after a challenging first quarter, which saw a dip in earnings. Despite these setbacks, the company remains optimistic about its future prospects.

JPMorgan has raised its price target for Avis Budget’s shares from $145 to $155, maintaining an Overweight rating. This adjustment reflects increased confidence in the company’s potential and has driven interest among traders. Additionally, the partnership between Uber and Turo has put Avis Budget shares in focus, with prospects of offering Turo vehicles on Uber’s platform within the U.S.

In its first-quarter earnings report, Avis revealed a loss in EPS, highlighting a slow moment against consensus estimates. However, the company reported a revenue of $2.4 billion, which, although short of consensus predictions, sparked curiosity about future paths. Despite an adjusted EBITDA loss of $93 million, Avis prides itself on its fleet strategy advancements, which are expected to contribute to future performance.

Strategically, Avis has been focusing on expansion, with a $500 million senior note issue intended to cushion corporate growth against potential pitfalls of debt repayment. This move reflects the company’s robust foothold and its commitment to navigating the complexities of the market.