Avis Budget Appoints Daniel Cunha as New CFO

Avis Budget ( (CAR) ) has provided an update.

On June 9, 2025, Avis Budget Group announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025, succeeding Izzy Martins who will leave on June 30, 2025, to pursue other opportunities. Cunha, with a strong background in strategic financial leadership from his previous roles at Orion Services Group, Ocean Spray, and Heinz North America, will lead the company’s finance functions and contribute to its long-term strategic objectives. Martins will assist in the transition until August 31, 2025, after serving the company for over 20 years.

The most recent analyst rating on (CAR) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Avis Budget stock, see the CAR Stock Forecast page.

Spark’s Take on CAR Stock

According to Spark, TipRanks’ AI Analyst, CAR is a Neutral.

Avis Budget’s stock score is primarily constrained by its financial performance, particularly high leverage and negative equity. Technical indicators provide some optimism with bullish momentum, but valuation concerns due to a negative P/E ratio and lack of dividends weigh heavily. The earnings call and corporate events suggest strategic improvements, but financial challenges persist.

To see Spark’s full report on CAR stock, click here.

More about Avis Budget

Avis Budget Group is a leading global provider of mobility solutions, operating through its Avis and Budget brands with approximately 10,250 rental locations in about 180 countries, and through its Zipcar brand, the world’s leading car sharing network. The company operates most car rental locations directly in North America, Europe, and Australasia, and primarily through licensees in other regions. It is headquartered in Parsippany, N.J.

Average Trading Volume: 1,711,291

Technical Sentiment Signal: Buy

Current Market Cap: $4.33B

See more data about CAR stock on TipRanks’ Stock Analysis page.