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.)