Q4 25 EPS
$-21.25
MISS 8,946.40%
Est. $-0.23
Q4 25 Revenue
$2.66B
MISS 2.96%
Est. $2.75B
vs S&P Since Q4 25
+65.2%
BEATING MARKET
CAR +70.5% vs S&P +5.3%
Full Year 2025 Results
FY 25 EPS
$-25.25
MISS 507.60%
Est. $-4.16
FY 25 Revenue
$11.65B
MISS 0.69%
Est. $11.73B
Market Reaction
Did CAR Beat Earnings? Q4 2025 Results
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… Read more 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.
Key Takeaways
- • 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
CAR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CAR Revenue by Segment
With YoY comparisons, source: SEC Filings
CAR Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Brian Choi, Q4 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% |