Avis Budget Group's stock fell over 42% on Thursday, triggering eight trading halts due to extreme volatility.
The fall added a 38% drop from prior day, creating a two‑day sell‑off exceeding 57% after a 600% rally since late March.
JPMorgan analyst Ryan Brinkman downgraded Avis Budget to Underweight, raising the price target to $165 from $123, citing overvaluation despite capital‑market opportunities.
Fugazi Research noted $11.65 bn revenue, $889 m 2025 net loss, $25.3 bn debt, $3.1 bn equity and 0.56 interest coverage, showing earnings can't meet interest.