Avis Budget reports Q1 EPS ($8.01), consensus ($7.50)

Reports Q1 revenue $2.53B, consensus $2.44B. “We executed on the changes we outlined last quarter, and the first quarter reflects a meaningful inflection in our operating performance,” said Brian Choi, Avis Budget (CAR) Group CEO. “With tighter fleet discipline, improving pricing, and stronger utilization, we are building a more resilient business with clear momentum heading into the rest of the year.”