Avis Budget Group (CAR) Q4 2025 Earnings
How Did CAR Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −4.25%.
Did CAR Beat Earnings? Q4 2025 Results
No. Avis Budget Group reported Q4 2025 earnings of $-21.25 a share on Feb 18, 2026, missing the $-0.19 consensus estimate by 11,014.0%. Revenue was $2.7B against a $2.7B estimate.
Avis Budget Group delivered a deeply disappointing fourth quarter for fiscal 2025, with earnings collapsing far below expectations as a $518.00 million impairment charge tied to the accelerated rotation of its U.S. electric vehicle rental fleet drove a net loss of $856.00 million. The company posted an EPS of -$21.25, missing the consensus estimate of -$0.23 by a staggering 8946.40%, while revenue of $2.66 billion fell 2.96% short of the $2.75 billion estimate and declined 1.7% year-over-year. The EV write-down, connected to a strategic fleet restructuring and the Interpace Ventures transaction, proved the dominant story, overwhelming otherwise encouraging signals like an 18% decline in per-unit fleet costs and Adjusted EBITDA swinging to a positive $5.00 million from a loss of $101.00 million a year prior. Shares have shed roughly 21.8% since the February release, reflecting investor unease. CEO Brian Choi acknowledged the turbulence but pointed toward 2026, framing tighter fleet discipline and a projected Adjusted EBITDA of $800.00 million to $1.00 billion as evidence the repositioning is gaining traction.
- Lower per-unit fleet costs drove Adjusted EBITDA improvement in both Americas and International segments
- Revenue per day excluding exchange rate effects declined 2% year-over-year
- Rental days declined 1% year-over-year
- Vehicle utilization improved slightly to 68.0% from 67.7%
- $518 million EV impairment charge from shortened useful life of certain U.S. electric vehicles
“As we enter 2026, we've repositioned the business and turned a challenging fourth quarter into a catalyst for meaningful change. We are tightening fleet discipline, strengthening our balance sheet, and raising the bar on customer experience to drive sustainable earnings growth.”
Avis Budget Group CEO, on the earnings call
What Was Avis Budget Group's Outlook in Q4 2025?
CEO Brian Choi indicated the company has repositioned the business heading into 2026, focusing on tightening fleet discipline, strengthening the balance sheet, and raising the bar on customer experience to drive sustainable earnings growth.
CAR YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.7B | $2.7B | −1.7% |
| Net Income | −$747.0M | −$461.5M | +61.9% |
CAR Revenue by Segment
CAR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.