Avis Budget Group (CAR) Q1 2026 Earnings

No. Avis Budget Group reported Q1 2026 earnings of $-8.01 a share on Apr 29, 2026, missing the $-7.50 consensus estimate by 6.7%. Revenue was $2.5B against a $2.4B estimate.

Avis Budget Group delivered a mixed first quarter for fiscal 2026, posting revenue of $2.53 billion, up 4.1% year over year and ahead of the $2.44 billion consensus estimate by 3.85%, while earnings per share of negative $8.01 fell short of the negative $7.50 consensus by 6.73%. The headline loss was driven partly by worsening Adjusted EBITDA, which deepened to a loss of $113 million from a loss of $93 million a year ago, even as the company's net loss narrowed sharply to $283 million from $505 million, aided by a dramatic drop in vehicle depreciation and lease charges to $664 million from $1.05 billion. Fleet discipline was the central theme, with the average rental fleet trimmed 2% year over year to roughly 619,700 vehicles and utilization reaching 70% across both segments. CEO Brian Choi pointed to improving pricing and stronger utilization as foundations for a more resilient business ahead, though the quarter also drew attention from a separate corporate governance storyline involving a major shareholder's large stock sales occurring amid elevated volatility in the company's shares.