Companies /Industrials

Avis Budget Group Inc

NASDAQ: CAR Rental & Leasing Services
$137.84
▼ $2.86 (−2.03%) today
Markets closed · 2:18am ET

Q3 2025 Earnings

Reported Oct 27, 2025, 4:01pm ET · SEC source
$10.11
Beat +27.92%
EPS · est. $7.90
$3.5B
Beat +2.19%
Revenue · est. $3.4B
−6.3%
Trailing market
CAR vs S&P since report
2 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−15%−10%−5%0Oct 27Oct 28report 4:01pm ETearnings+0.2%−14.1%
−15%−10%−5%0Oct 27Oct 28earnings+0.2%−14.1%
CAR −14.1%S&P 500 +0.2%
−15%−10%−5%0Oct 27Oct 28report 4:01pm ETearnings+0.7%−14.1%
−15%−10%−5%0Oct 27Oct 28earnings+0.7%−14.1%
CAR −14.1%NASDAQ +0.7%
−18%−12%−6%0Oct 27Nov 4report 4:01pm ETearnings−1.5%−14.9%
−18%−12%−6%0Oct 27Nov 4earnings−1.5%−14.9%
CAR −14.9%S&P 500 −1.5%
−18%−12%−6%0Oct 27Nov 4report 4:01pm ETearnings−1.6%−14.9%
−18%−12%−6%0Oct 27Nov 4earnings−1.6%−14.9%
CAR −14.9%NASDAQ −1.6%
−6.06%
Day of report
−4.61%
Next session
−5.32%
One week
−6.78%
30 days

S&P 500 over the same 30 days: −0.53%.

Did CAR Beat Earnings? Q3 2025 Results

Avis Budget Group posted a decisive earnings beat in the third quarter of 2025, with diluted EPS of $10.11 clearing the Wall Street consensus of $7.90 by 27.92% and revenue of $3.52 billion topping estimates by 2.19% while edging 1.1% higher year over year. The results, which sent shares up roughly 4.5% in after-hours trading, were anchored by aggressive fleet cost management, with total per-unit fleet costs falling 17% year over year to $303 per month, a discipline that helped lift Adjusted EBITDA 11% to $559 million and net income 51% to $359 million. The International segment was a particular bright spot, with revenue climbing 7% to $898 million and Adjusted EBITDA surging 37% to $190 million on stronger revenue per day and similarly reduced fleet expenses. CEO Brian Choi framed the quarter as a meaningful inflection point, highlighting the return to top-line growth and continued investment in innovation and customer experience as pillars of the company's forward strategy.

Key Takeaways
  • Lower fleet costs across both Americas and International segments
  • Increase in rental days in Americas (up 3% YoY)
  • Stronger revenue per day in International segment (up 9% as reported, 5% ex-FX)
  • Per-unit fleet costs declined 17% YoY to $303 per month
  • Americas Adjusted EBITDA increased to $398 million from $384 million
  • International Adjusted EBITDA surged 37% to $190 million

“This quarter marked meaningful progress for Avis Budget Group as we returned to revenue growth while continuing to invest in our future. We remain focused on leading the industry through innovation and a steadfast commitment to delivering an exceptional customer experience.”

Avis Budget Group CEO, on the earnings call

CAR YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$1.0B$2.0B$3.0B$3.5B$3.5BRevenue$237.0M$359.0MNet Income$716.0M$473.0MOperating Income
$0$1.0B$2.0B$3.0BRevenueNet IncomeOperating Income

CAR Revenue by Segment

Americas$2.6B−1.0%
International$898.0M+7.0%

CAR Revenue by Geography

Americas$2.6B−1.0%
Rest of World$898.0M+7.0%
International

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