Avis Budget Group Inc

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.