CAR
Avis Budget Group, Inc.132.67
+4.06+3.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.67BP/E (TTM)
-Basic EPS (TTM)
-59.10Dividend Yield
0%Recent Filings
8-K
Q3 revenues up, profits soar
Avis Budget Group reported third quarter 2025 revenues of $3.5 billion, up 1% from last year, with net income surging 51% to $360 million and Adjusted EBITDA climbing 11% to $559 million. Americas Adjusted EBITDA rose 4% to $398 million on lower fleet costs and more rental days, while International jumped 37% to $190 million from stronger pricing, despite softer volumes. In July, the company extended its $1.1 billion term loan maturity to 2032. Liquidity stands near $1.0 billion. Fleet costs fell sharply, yet revenue per day dipped 1%.
8-K
SRS voting cap raised to 45%
Avis Budget Group amended its cooperation agreement with SRS Investment Management on September 5, 2025, raising SRS's voting cap from 35% to 45% while requiring excess votes to mirror other shareholders' proportions. The board size stays fixed at five or six directors as long as SRS owns at least 10%, with no more than two SRS affiliates allowed. This balances SRS's growing 49.5% stake against independent governance. Transfer restrictions curb activist risks.
8-K
Charter amendments filed
Avis Budget Group filed its Amended and Restated Certificate of Incorporation with Delaware on July 31, 2025, implementing shareholder-approved Charter Amendments from the May 14, 2025 Annual Meeting. These changes revise director removal vote requirements, allocate preferred stock voting privileges on relevant amendments, and enable officer exculpation alongside housekeeping updates. The tweaks strengthen governance while shielding executives from certain liabilities. No financial impacts disclosed.
10-Q
Q3 2025 results
Avis Budget Group, Inc. (CAR) reported Q3 2025 results with revenue of $3,039 million (up 1% YoY), net income of $5 million (down from $15 million), and adjusted EBITDA of $1,039 million (up 1% YoY). The company highlighted strong demand in North America and Europe, offset by higher operating costs. Key metrics included EPS of $0.10 (down from $0.41) and adjusted EBITDA margin of 34.2% (flat YoY). CAR reaffirmed its FY2025 guidance for revenue growth of 1-2% and adjusted EBITDA margin of 33-34%. The report noted challenges from inflation and labor costs but expressed optimism for the holiday season.
8-K
Q2 revenues flat, EBITDA up 29%
Avis Budget Group reported Q2 2025 revenues of $3.0 billion, flat year-over-year, with net income dropping to $5 million but Adjusted EBITDA surging 29% to $277 million, fueled by lower fleet costs and higher vehicle utilization. Americas Adjusted EBITDA climbed to $220 million from $186 million, while International jumped to $82 million from $48 million, despite flat rental days. Launched premium Avis First service; partnered with Waymo for autonomous fleet management in Dallas. Debt restructuring extended maturities, bolstering liquidity near $950 million. Competition in mobility looms large.
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