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NASDAQ:CAR
Avis Budget Group Stock Earnings Reports
Invest in CAR
$119.71
+1.96 (+1.66%)
At Close: May 23, 2025
Avis Budget Group Earnings Calls
Q1 2025
Missed
-$14.35 (-150.87%)
| Release date | May 07, 2025 |
| EPS estimate | -$5.72 |
| EPS actual | -$14.35 |
| EPS Surprise | -150.87% |
| Revenue estimate | 2.492B |
| Revenue actual | 2.43B |
| Revenue Surprise | -2.50% |
Q4 2024
Beat
-$0.230 (54.00%)
| Release date | Feb 11, 2025 |
| EPS estimate | -$0.500 |
| EPS actual | -$0.230 |
| EPS Surprise | 54.00% |
| Revenue estimate | 2.718B |
| Revenue actual | 2.663B |
| Revenue Surprise | -2.03% |
Q3 2024
Missed
$6.65 (-18.70%)
| Release date | Oct 31, 2024 |
| EPS estimate | $8.18 |
| EPS actual | $6.65 |
| EPS Surprise | -18.70% |
| Revenue estimate | 2.725B |
| Revenue actual | 3.48B |
| Revenue Surprise | 27.71% |
Q2 2024
Missed
$0.410 (-84.17%)
| Release date | Aug 05, 2024 |
| EPS estimate | $2.59 |
| EPS actual | $0.410 |
| EPS Surprise | -84.17% |
| Revenue estimate | 3.138B |
| Revenue actual | 3.048B |
| Revenue Surprise | -2.86% |
Last 4 Quarters for Avis Budget Group
Below you can see how CAR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Missed
| Release date | Aug 05, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $83.96 |
| EPS estimate | $2.59 |
| EPS actual | $0.410 |
| EPS surprise | -84.17% |
| Date | Price |
|---|---|
| Jul 30, 2024 | $98.62 |
| Jul 31, 2024 | $101.01 |
| Aug 01, 2024 | $94.50 |
| Aug 02, 2024 | $84.44 |
| Aug 05, 2024 | $83.96 |
| Aug 06, 2024 | $86.27 |
| Aug 07, 2024 | $86.93 |
| Aug 08, 2024 | $89.29 |
| Aug 09, 2024 | $86.96 |
| 4 days before | -14.87% |
| 4 days after | 3.57% |
| On release day | 2.75% |
| Change in period | -11.82% |
Q3 2024
Missed
| Release date | Oct 31, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $83.00 |
| EPS estimate | $8.18 |
| EPS actual | $6.65 |
| EPS surprise | -18.70% |
| Date | Price |
|---|---|
| Oct 25, 2024 | $82.36 |
| Oct 28, 2024 | $85.44 |
| Oct 29, 2024 | $87.10 |
| Oct 30, 2024 | $85.94 |
| Oct 31, 2024 | $83.00 |
| Nov 01, 2024 | $92.06 |
| Nov 04, 2024 | $90.27 |
| Nov 05, 2024 | $88.51 |
| Nov 06, 2024 | $96.43 |
| 4 days before | 0.777% |
| 4 days after | 16.18% |
| On release day | 10.92% |
| Change in period | 17.08% |
Q4 2024
Beat
| Release date | Feb 11, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $89.71 |
| EPS estimate | -$0.500 |
| EPS actual | -$0.230 |
| EPS surprise | 54.00% |
| Date | Price |
|---|---|
| Feb 05, 2025 | $88.00 |
| Feb 06, 2025 | $90.82 |
| Feb 07, 2025 | $87.01 |
| Feb 10, 2025 | $89.32 |
| Feb 11, 2025 | $89.71 |
| Feb 12, 2025 | $83.59 |
| Feb 13, 2025 | $87.19 |
| Feb 14, 2025 | $90.75 |
| Feb 18, 2025 | $96.50 |
| 4 days before | 1.94% |
| 4 days after | 7.57% |
| On release day | -6.82% |
| Change in period | 9.66% |
Q1 2025
Missed
| Release date | May 07, 2025 |
| Fiscal end date | Mar 31, 2025 |
| Price on release | $100.50 |
| EPS estimate | -$5.72 |
| EPS actual | -$14.35 |
| EPS surprise | -150.87% |
| Date | Price |
|---|---|
| May 01, 2025 | $92.97 |
| May 02, 2025 | $96.17 |
| May 05, 2025 | $96.30 |
| May 06, 2025 | $97.29 |
| May 07, 2025 | $100.50 |
| May 08, 2025 | $101.09 |
| May 09, 2025 | $104.13 |
| May 12, 2025 | $103.76 |
| May 13, 2025 | $106.35 |
| 4 days before | 8.10% |
| 4 days after | 5.82% |
| On release day | 0.587% |
| Change in period | 14.39% |
Avis Budget Group Earnings Call Transcript Summary of Q1 2025
Summary of Key Points from Avis Budget Group's Q1 2025 Earnings Call
Financial Performance:
- Revenue: Q1 2025 revenue was reported at $2.4 billion, a slight decrease from $2.5 billion in Q1 2024.
- Adjusted EBITDA: The company experienced an adjusted EBITDA loss of $93 million compared to a positive $12 million in the same quarter last year, attributed to calendar shifts and weaker commercial demand.
- Fleet Costs: Q1 fleet costs were better than anticipated, coming in at $351 per unit per month, down from prior guidance of $400. The expectation for Q2 is to further reduce costs to $325 per unit and potentially $300 per unit by Q4.
Strategic Initiatives:
- Fleet Rotation Strategy: The company implemented an aggressive fleet rotation strategy that resulted in record disposals of older vehicles, laying the groundwork for reduced fleet costs and improved operational efficiencies.
- Utilization Rates: Improved vehicle utilization rates were noted, reaching nearly 70%, up nearly four points year-over-year. This trend is expected to continue as the company aims to align fleet sizes with demand.
Market Trends and Challenges:
- Demand Trends: Leisure travel demand remains robust, with forward bookings higher than last year, despite a pullback in commercial demand. Pricing is expected to show seasonal improvement.
- Used Car Market: Strength in the used car residual values, driven by fewer new vehicles in inventory, contributed positively. The expected resilience of residuals bodes well for future vehicle disposals.
- Tariff Implications: Uncertainties around automotive tariffs may influence vehicle pricing and acquisition strategy for future model years, but the company is preparing for potential impacts while remaining flexible in fleet management.
Outlook:
- The company remains committed to achieving at least $1 billion in adjusted EBITDA annual targets, with expectations for Q2 adjusted EBITDA to exceed $200 million.
- Cash Flow: Positive free cash flow is anticipated in later quarters as the company continues its capital allocation strategy focused on debt repayment and operational efficiencies.
Leadership Transition:
- Joe Ferraro, CEO, will transition out of his role on June 30, 2025, after 45 years with the company. He expressed confidence in the team's ability to continue the positive momentum.
Key Takeaways for Investors:
- Positive Mix in Leisure Demand: The company's strong focus on leisure travel as a driver of growth offers a buffer against challenges in commercial rental.
- Fleet Optimization: Continuous improvement in fleet management efficiency is expected to lead to lower costs and enhanced profitability.
- Flexibility and Agility: The company's strategy emphasizes agility in fleet adjustments to meet market conditions, which is crucial in a volatile economic environment.
Overall, Avis Budget Group's results reflect strategic initiatives aimed at enhancing operational efficiency while navigating market challenges and leveraging opportunities in the travel sector. Could be a potential focus for investors looking at recovery and growth in post-pandemic travel demand.
Avis Budget Group Earnings History
Earnings Calendar
FAQ
When is the earnings report for CAR?
Avis Budget Group (CAR) has scheduled its earnings report for Aug 04, 2025 after the markets close.
What is the CAR price-to-earnings (P/E) ratio?
CAR P/E ratio as of May 23, 2025 (TTM) is -1.75.
What is the CAR EPS forecast?
The forecasted EPS (Earnings Per Share) for Avis Budget Group (CAR) for the first fiscal quarter 2025 is $2.10.
What are Avis Budget Group's retained earnings?
On its balance sheet, Avis Budget Group reported retained earnings of $2.43 billion for the latest quarter ending Mar 31, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
