Q3 25 EPS
$10.11
BEAT +27.92%
Est. $7.90
Q3 25 Revenue
$3.52B
BEAT +2.19%
Est. $3.44B
vs S&P Since Q3 25
+10.0%
BEATING MARKET
CAR +14.9% vs S&P +4.9%
Market Reaction
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 ove… Read more 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
CAR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CAR Revenue by Segment
With YoY comparisons, source: SEC Filings
CAR Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Brian Choi, Q3 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% |