Avis Stock Slides 2.2% to 345th in Trading Volume Amid JPMorgan Downgrade and Autonomous Mobility Pivot with Waymo

On August 4, 2025, Avis Budget Group (CAR) saw a 2.20% decline with a trading volume of $0.32 billion, ranking 345th in market activity. The stock’s performance was influenced by a downgrade from JPMorgan, which cited underwhelming earnings and near-term challenges. The firm reduced its rating to Neutral from Overweight, noting that Avis’ recent rally has outpaced earnings growth amid safety recalls and waning tariff tailwinds.

Second-quarter results highlighted mixed outcomes. Revenue rose slightly to $3.04 billion, meeting expectations, but earnings per share (EPS) fell to $0.10, missing forecasts by 95%. The results underscored operational pressures, including a $14.5 million asset impairment. Meanwhile, Avis announced a strategic partnership with Waymo to launch autonomous ride-hailing in Dallas by 2026. As fleet operations partner, Avis will manage vehicle readiness and maintenance, signaling a pivot toward mobility-as-a-service.

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