Avis is focusing on long-term strategic growth through innovation and partnerships, specifically with the launch of Avis First and collaboration with Waymo, indicating potential future success. However, current operational challenges such as fleet recalls, delays, and a competitive pricing environment present significant short-term hurdles.

Company Guidance -

Q3 2025

During the Avis Budget Group's second-quarter 2025 earnings call, the company provided forward-looking guidance and discussed strategic initiatives, including the introduction of Avis First and a new partnership with Waymo. The company did not provide specific financial metrics for future quarters, choosing instead to focus on strategic direction and innovation. Avis First aims to redefine the premium car rental experience with concierge services and high-quality vehicles, while the Waymo partnership signifies a step into autonomous vehicle management, potentially expanding Avis's footprint in the mobility ecosystem. The call emphasized structural growth opportunities over cyclical trends, aiming for long-term shareholder value creation through innovative products and partnerships, while maintaining a baseline EBITDA of $1 billion annually. No specific figures for future quarters were provided, but the discussion highlighted the importance of maintaining financial discipline, enhancing customer experience, and leveraging Avis's core competencies in fleet management.

Introduction of Avis First

Avis launched Avis First, a new premium product offering that aims to redefine the first-class car rental experience. It is operational in over a dozen locations and plans to expand to over 50 markets by the end of the year. This product is expected to be margin accretive from day one and aims to provide a 14% RPD uplift.

Partnership with Waymo

Avis announced a strategic partnership with Waymo to manage autonomous vehicles in Dallas. This multiyear agreement intends to expand to additional cities and represents a significant move into the autonomous vehicle space.

Focus on Innovation and Future Growth

Avis is focusing on structural growth through value-creating innovation, highlighting its commitment to evolving the car rental industry with products like Avis First and partnerships in the autonomous vehicle space.

Avis Budget (CAR) Earnings, Revenues Date & History

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CAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	9.22 / -	7.238	―	―	―
Jul 29, 2025	2025 (Q2)	2.21 / 2.70	1.558	73.23% (+1.14)
May 07, 2025	2025 (Q1)	-5.95 / -2.11	-3.07	31.40% (+0.96)	―
Feb 11, 2025	2024 (Q4)	-1.16 / 17.49	7.375	137.19% (+10.12)	―
Oct 31, 2024	2024 (Q3)	8.26 / 7.24	16.86	-57.07% (-9.62)	―
Aug 05, 2024	2024 (Q2)	2.49 / 1.56	11.137	-86.01% (-9.58)	―
May 01, 2024	2024 (Q1)	-2.94 / -3.07	7.72	-139.77% (-10.79)	―
Feb 12, 2024	2023 (Q4)	4.16 / 7.38	10.46	-29.49% (-3.09)	―
Nov 01, 2023	2023 (Q3)	14.18 / 16.86	21.7	-22.30% (-4.84)	―
Jul 31, 2023	2023 (Q2)	9.45 / 11.14	15.94	-30.13% (-4.80)	―

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
Jul 29, 2025	$203.88	$172.46	-15.41%
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%

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.