Quarterly ResultApr 29, 2026, 04:39 PM
CAR Q1 Revenue +4.1% to $2.53B; Net Loss $(283)M; EPS $(8.01)
AI Summary
Avis Budget Group, Inc. reported Q1 2026 revenues of $2.53 billion, a 4.1% increase year-over-year. The company significantly narrowed its net loss to $(283) million, an improvement from $(505) million in the prior year, with diluted EPS improving to $(8.01) from $(14.35). Strategic activities included the acquisition of a North American licensee for $47 million and ongoing restructuring efforts, which incurred $28 million in expenses during the quarter.
Key Highlights
- Q1 Revenue rose 4.1% to $2.53 billion from $2.43 billion YoY.
- Q1 Net Loss improved to $(283) million from $(505) million YoY.
- Q1 Diluted EPS improved to $(8.01) from $(14.35) YoY.
- Acquired a North American licensee for $47 million in February 2026.
- Americas segment revenue grew 2.9% to $1.96 billion.
- Asia and Australasia segment revenue surged 19.1% to $193 million.
- Net cash from operating activities was $434 million, down from $619 million YoY.
- Incurred $28 million in restructuring expenses for Global Rightsizing.