Avis Budget Q1 revenue beats estimates on fleet discipline, better pricing and utilization

Avis Budget

29/04/2026 12:17

Overview

Car rental firm's Q1 revenue rose 4% yr/yr, beating analyst expectations

Adjusted EBITDA loss for Q1 was smaller than analyst estimates

Company cites tighter fleet discipline and improved pricing for better operating performance

Outlook

Avis Budget did not provide specific financial guidance for the current quarter or full year

Result Drivers

REVENUE PER DAY - Co said revenue per day rose 3% in both Americas and International, excluding exchange rate effects

RECORD UTILIZATION - Vehicle utilization reached 70% in both Americas and International, a first quarter record for both segments

FLEET DISCIPLINE - CEO said tighter fleet discipline contributed to improved operating performance

Company press release: ID:nGNX7yqLFK

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.53 bln
$2.43 bln (6 Analysts)
Q1 Net Income
-$283 mln
Q1 Adjusted EBITDA
Beat
-$113 mln
-$188.72 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 3 "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 $108.50, about 40.4% below its April 28 closing price of $182.01

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)