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Avis Budget (CAR)
NASDAQ:CAR
Earnings Data
Report Date
Aug 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.13Last Year’s EPS
1.56Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 12.16%
|Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in fleet management and technology-driven efficiencies, countered by financial challenges such as revenue decline, adjusted EBITDA loss, and commercial demand pullback.Company Guidance
In the first quarter of 2025, Avis Budget Group reported a quarterly revenue of $2.4 billion and an adjusted EBITDA loss of $93 million, reflecting a decline in revenue by 4% year-over-year, primarily due to a 3% decrease in pricing and a 1% decline in volume, exacerbated by calendar shifts. Despite these challenges, vehicle utilization improved by nearly four points compared to the first quarter of 2024, reaching almost 70% in the Americas. The company aggressively executed its fleet rotation strategy, disposing of a record number of risk vehicles and acquiring new model year 2025 vehicles, which contributed to better-than-expected fleet costs of $351 per unit per month against a forecast of $400. This strategic move, alongside strong leisure demand and technological investments, positions Avis Budget Group to exceed its adjusted EBITDA guidance for the first quarter and anticipate improvements in fleet costs to approximately $325 per unit per month in the second quarter, with further enhancements expected by the start of the fourth quarter.Record Vehicle Disposals
The company reported a record number of risk vehicle disposals, setting a company record for any quarter in its history.
Improved Vehicle Utilization
Vehicle utilization improved nearly four points year-over-year, reaching nearly 70% in the Americas.
Fleet Rotation Strategy Success
The accelerated fleet rotation strategy resulted in significant cost efficiencies and improved fleet age and mileage.
Positive Forward Bookings
Forward bookings are up year-over-year, indicating strong leisure demand.
Technology and Operational Efficiencies
The company is leveraging technology to improve revenue generation, operational efficiencies, and customer experience, enhancing margin contributions.
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CAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $100.50 | $101.09 | +0.59% |
Feb 11, 2025 | $89.71 | $83.59 | -6.82% |
Oct 31, 2024 | $83.00 | $92.06 | +10.92% |
Aug 05, 2024 | $83.96 | $86.27 | +2.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avis Budget (CAR) report earnings?
Avis Budget (CAR) is schdueled to report earning on Aug 04, 2025, TBA Not Confirmed.
What is Avis Budget (CAR) earnings time?
Avis Budget (CAR) earnings time is at Aug 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAR EPS forecast?
CAR EPS forecast for the fiscal quarter 2025 (Q2) is 2.13.
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