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Avis Budget Group/$CAR

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About Avis Budget Group

Avis Budget Group Inc is a provider of mobility solutions through its three brands Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Its brands offer a range of options, from car and truck rental to car sharing. The company operates in two reportable business segments: Americas - (i) vehicle rental operations in North America, South America, Central America and the Caribbean, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly. International - consisting of (i) vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly.
Ticker
$CAR
Sector
Mobility
Primary listing
NASDAQ
Employees
21,000

CAR Metrics

BasicAdvanced
$3.7B
-
-$18.04
1.90
-

What the Analysts think about CAR

Analyst ratings (Buy, Hold, Sell) for Avis Budget Group stock.
Analyst projections of the future price of Avis Budget Group stock.

Bulls say / Bears say

Avis’s fleet reset is lifting unit economics: Q2 Americas utilisation hit a record 73.2%, while per-unit fleet cost excluding foreign exchange fell 4% year on year to $290 a month. Adjusted EBITDA reached $286m and management expects year-on-year EBITDA growth in Q3, supporting full-year guidance of $850m-$1bn. (Avis Budget Group, Earnings Calls)
Funding risk has eased at the margin: in June, Avis replaced its $2bn revolver with one maturing in 2031, added $200m of revolving capacity, and ended Q2 with about $1bn of liquidity plus $1.9bn of fleet funding capacity. Management also targets reducing net corporate leverage by at least one turn by the end of 2026. (Avis Budget Group, Earnings Calls)
The Waymo partnership gives Avis an option on a new mobility revenue stream: autonomous operations went live in Dallas on 1 June and completed thousands of trips in the first month. Management says the financial contribution should become more visible in 2027 as the launch scales. (SEC filing, Earnings Calls)
Demand has softened: Q2 revenue was $3.0bn, slightly below last year, Americas rental days fell about 2%, and management said forward bookings weakened in early May. It expects the Americas fleet to remain down by a similar mid-single-digit percentage in Q3, with revenue per day roughly flat. (Avis Budget Group, Earnings Calls)
Avis remains highly levered: net corporate leverage was 7.4 times at Q2, while debt under vehicle programmes was $19.85bn against $21.47bn of related assets. This leaves earnings and refinancing costs sensitive to interest rates, used-car values and access to asset-backed funding. (Earnings Calls, SEC filing)
International operations are under pressure: first-half revenue excluding foreign exchange declined and adjusted EBITDA fell 11%, with weaker strategic-account demand and excess vehicle supply in several European markets. That makes a broad recovery harder to rely on even if the Americas stabilises. (Yahoo Finance, Earnings Calls)
Data summarised monthly by Lightyear AI. Last updated on 28 Sept 2026.

CAR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CAR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing CAR

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