Car rental firm Avis Budget's Q4 revenue misses estimates

Reuters
12 hours ago
Car rental firm Avis Budget's Q4 revenue misses estimates

Overview

  • Car rental provider's Q4 revenue missed analyst expectations

  • Adjusted EBITDA for Q4 missed analyst expectations

  • Net loss reflects $518 mln impairment charges on EV rental cars

Outlook

  • Avis Budget did not provide specific financial guidance for 2026

Result Drivers

  • LOWER FLEET COSTS - Improved Adjusted EBITDA in Americas and International segments driven by lower fleet costs

  • REVENUE DECLINE - Q4 revenue per day and rental days decreased, contributing to overall revenue decline

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$2.66 bln

$2.74 bln (6 Analysts)

Q4 EPS

-$21.25

Q4 Net Income

-$747 mln

Q4 Adjusted EBITDA

Miss

$5 mln

$145.80 mln (6 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the passenger transportation, ground & sea peer group is "buy."

  • Wall Street's median 12-month price target for Avis Budget Group Inc is $142.00, about 16.3% above its February 17 closing price of $122.10

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX3ZvFpS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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