Q2 25 EPS
$0.10
MISS 94.55%
Est. $1.83
Q2 25 Revenue
$3.04B
BEAT +1.21%
Est. $3.00B
vs S&P Since Q2 25
-17.7%
TRAILING MARKET
CAR -4.1% vs S&P +13.6%
Market Reaction
Did CAR Beat Earnings? Q2 2025 Results
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 … Read more 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
CAR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CAR Revenue by Segment
With YoY comparisons, source: SEC Filings
CAR Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Brian Choi, Q2 2025 Earnings Press Release
CAR Earnings Trends
CAR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CAR EPS Trend
Earnings per share: estimate vs actual
CAR Revenue Trend
Quarterly revenue: estimate vs actual
CAR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $-0.23 | $-21.25 | -8,946.40% | $2.66B | -2.96% |
| FY Full Year | $-4.16 | $-25.25 | -507.60% | $11.65B | -0.69% |
| Q3 25 BEAT | $7.90 | $10.11 | +27.92% | $3.52B | +2.19% |
| Q2 25 MISS | $1.83 | $0.10 | -94.55% | $3.04B | +1.21% |
| Q1 25 MISS | $-5.61 | $-14.35 | -155.68% | $2.43B | -2.50% |