Avis Budget Raises $668 Million Through Asset-Backed Notes

An announcement from Avis Budget ( (CAR) ) is now available.

On March 11, 2026, Avis Budget’s subsidiary Avis Budget Rental Car Funding (AESOP) LLC issued $668.2 million in asset-backed securities across two series of Class A through D notes with maturities of three and five years, secured by vehicles in the company’s U.S. fleet and related assets. The subsidiary also issued additional subordinated Class R notes retained by an affiliated entity to meet U.S. risk-retention requirements, underscoring the company’s ongoing use of securitization markets to fund its domestic fleet and maintain liquidity for its rental operations.

The most recent analyst rating on (CAR) stock is a Hold with a $97.00 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.

The score is held down primarily by weak financial performance (losses, sharp 2025 revenue decline, and a structurally weak balance sheet with negative equity) and bearish technicals (price below key moving averages with negative MACD). Partially offsetting factors include resilient operating cash flow, a neutral-but-action-oriented earnings call with liquidity actions (tax-credit monetization), and a modestly positive fleet refinancing event.

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

More about Avis Budget

Avis Budget operates in the global car rental and mobility services industry, providing short-term vehicle rentals and related fleet management through brands such as Avis and Budget. The company focuses on serving both leisure and corporate travelers, relying heavily on efficient fleet financing structures to support its large domestic and international vehicle fleets.

Average Trading Volume: 685,485

Technical Sentiment Signal: Sell

Current Market Cap: $3.51B

For a thorough assessment of CAR stock, go to TipRanks’ Stock Analysis page.