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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.07Last Year’s EPS
2.7Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys meaningful operational progress and financial improvement—beat on adjusted EBITDA, raised full-year guidance, pricing recovery in the Americas, improved utilization, fleet youth and liquidity/ refinancing wins—while acknowledging material near-term challenges including elevated leverage, governance/stock volatility tied to a large shareholder sale and uneven international demand. Management presented a clear plan (fleet discipline, debt repayment, ongoing EBITDA growth) and expects continued improvement, supporting an overall constructive tone.Company Guidance
Adjusted EBITDA Beat and Raised Guidance
Adjusted EBITDA exceeded plan by approximately $50 million in Q1; company raised full-year adjusted EBITDA guidance to a range of $850 million to $1.0 billion.
Revenue and Pricing Improvement in Americas
Americas revenue grew 2.9% year-over-year; revenue per day (RPD) in the Americas increased 2.8% YoY (exited the quarter up nearly 4% YoY), marking the first quarter of positive pricing in the Americas since Q4 2022.
Improved Ancillary Revenue and Mix
Ancillary revenue grew 1.9% year-over-year and leisure share of revenue increased by 1.1 percentage points, supporting a shift toward higher-quality revenue.
Higher Utilization and Fleet Optimization
Utilization in the Americas was the highest seen in over 15 years for a Q1; fleet was deliberately reduced by 0.6% while maintaining rental days, and the fleet is approximately 20% younger versus prior period.
Depreciation Normalization Progress
Monthly depreciation in the Americas averaged roughly $380 for the quarter, improving from above $500 in January and moving into the mid-$300s by March; company expects depreciation to decline meaningfully in Q2.
Strong Liquidity and Refinancing Activity
As of March 31, available liquidity exceeded $900 million with about $2.9 billion of additional ABS capacity; renewed EUR 2.4 billion European securitization facility (extended 2 years) and issued $668 million of AESOP term debt across 3- and 5-year tenors.
Operational Dispositions and Used-Car Market Execution
Teams disposed of a record number of vehicles in the Americas, taking advantage of stronger-than-expected first-quarter used-car demand (Manheim Index above prior years) to rightsize fleet and accelerate depreciation normalization.
Strategic Product and Partnership Progress
Avis First expanded to 36 locations (including 9 international airports) with strong customer satisfaction metrics; Waymo partnership on track for Dallas launch in Q3 with impending public rider availability and potential future city expansions.
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
CAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $182.00 | $181.15 | -0.47% |
Feb 18, 2026 | $123.30 | $96.74 | -21.54% |
Oct 27, 2025 | $155.18 | $145.77 | -6.06% |
Jul 29, 2025 | $203.88 | $172.46 | -15.41% |
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.
FAQ
When does Avis Budget Group (CAR) report earnings?
Avis Budget Group (CAR) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Avis Budget Group (CAR) earnings time?
Avis Budget Group (CAR) earnings time is at Aug 04, 2026, After Close (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 2026 (Q2) is 2.07.
