Companies /Industrials
Avis Budget Group Inc
NASDAQ: CAR Rental & Leasing Services
$106.00
▲ $0.90 (+0.86%) today
Markets open · 2:45pm ET

Avis Budget Group (CAR) Q2 2025 Earnings

Reported Jul 29, 2025, 4:02pm ET · SEC source
$0.10
Miss −94.55%
EPS · est. $1.83
$3.0B
Beat +1.21%
Revenue · est. $3.0B
−9.9%
Trailing market
CAR vs S&P since report
2 quarters
Consecutive EPS misses

How Did CAR Stock React to Q2 2025 Earnings?

% change · around the report
−12%−6%0Jul 29Jul 30report 4:02pm ETearnings+0.6%−14.6%
−12%−6%0Jul 29Jul 30earnings+0.6%−14.6%
CAR −14.6%S&P 500 +0.6%
−12%−6%0Jul 29Jul 30report 4:02pm ETearnings+1.2%−14.6%
−12%−6%0Jul 29Jul 30earnings+1.2%−14.6%
CAR −14.6%NASDAQ +1.2%
−20%−10%0+10%Jul 28Aug 6report 4:02pm ETearnings−0.4%−20.2%
−20%−10%0+10%Jul 28Aug 6earnings−0.4%−20.2%
CAR −20.2%S&P 500 −0.4%
−20%−10%0+10%Jul 28Aug 6report 4:02pm ETearnings+0.1%−20.2%
−20%−10%0+10%Jul 28Aug 6earnings+0.1%−20.2%
CAR −20.2%NASDAQ +0.1%
−15.41%
Day of report
−1.29%
Next session
−9.17%
One week
−8.25%
30 days

S&P 500 over the same 30 days: +1.67%.

Did CAR Beat Earnings? Q2 2025 Results

No. Avis Budget Group reported Q2 2025 earnings of $0.10 a share on Jul 29, 2025, missing the $1.83 consensus estimate by 94.5%. Revenue was $3.0B against a $3.0B estimate.

Avis Budget Group delivered a sharply mixed second quarter for 2025, posting earnings that badly disappointed Wall Street even as revenues edged past expectations. The company reported diluted EPS of $0.10, missing the consensus estimate of $1.83 by 94.55%, while revenues of $3.04 billion came in 1.21% above forecasts but were essentially flat, slipping 0.3% year-over-year from $3.05 billion in Q2 2024. The headline earnings weakness reflected surging restructuring charges of $59.00 million, more than four times the $14.00 million recorded a year ago, alongside higher corporate interest expense of $110.00 million versus $88.00 million previously. Beneath those pressures, however, operational trends showed genuine progress, with Adjusted EBITDA climbing 29% to $277.00 million, driven by a 14% decline in per-unit fleet costs in the Americas and improved vehicle utilization. The results triggered a steep market reaction, with shares falling roughly 22% following the release, erasing a significant portion of the stock's substantial year-to-date gains heading into the print.

Key Takeaways
  • Lower per-unit fleet costs, down 12% overall and 14% in Americas (excluding exchange rate effects)
  • Improved vehicle utilization to 70.7% from 70.2% year-over-year
  • Stronger pricing in the International segment with revenue per day up 3% excluding exchange rate effects
  • Americas rental days increased 1% year-over-year

“At Avis Budget Group, we're building to scale where we hold structural advantages. With Avis First, we've created the category of first-class car rental; designed through product innovation and delivered with operational excellence. With our Waymo partnership, we're stepping into the autonomous future as a critical enabler of next-generation fleet management.”

Avis Budget Group CEO, on the earnings call

CAR YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$900.0M$1.8B$2.7B$3.0B$3.0BRevenue$428.6M$15.0MOperating Income$14.0M$4.0MNet Income
$0$900.0M$1.8B$2.7BRevenueOperating IncomeNet Income
CAR income statement, Q2 2025 versus Q2 2024
Metric Q2 2025 Q2 2024 Year over year
Revenue $3.0B $3.0B −0.3%
Operating Income $15.0M $428.6M −96.5%
Net Income $4.0M $14.0M −71.4%

CAR Revenue by Segment

Americas$2.3B−1.0%
International$707.0M+3.0%

CAR Revenue by Geography

Americas
Rest of World
International

Figures from SEC filings and company reports. Not investment advice.