Avis Budget Group reports second-quarter profit: what it means for Avis Budget Group stock

Published on 10/07/2026 at 00:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 2.998 billion in the second quarter. MarketBeat lists 9 ratings and a USD 135.00 target for Avis Budget Group stock.

CAR, US0537741052, Illustration mit AI erstellt.

Avis Budget Group (US0537741052) reported USD 63.0 million of net income on USD 2.998 billion in revenue for the second quarter ended June 30, 2026, according to Avis Budget Group on July 28, 2026. The result gives the stock a sharper operating question: can tighter fleet management offset softer rental demand and elevated financing pressure?

Second-quarter earnings missed estimates

Adjusted EBITDA reached USD 286.0 million in the second quarter, while management reiterated full-year adjusted EBITDA guidance of USD 850 million to USD 1.0 billion. The figures show a business protecting profitability through fleet discipline even as revenue declined.

According to MarketBeat on October 2, 2026, diluted earnings per share were USD 0.98 against a USD 2.05 consensus estimate, while revenue of USD 3.0 billion came in below the USD 3.1 billion forecast. Revenue also fell 1.3 percent year over year.

Fleet utilization carries the outlook

The earnings call pointed to a 73.2 percent Americas utilization rate in the second quarter, the company's highest second-quarter level on record. Americas adjusted EBITDA grew 7.7 percent year over year even as segment revenue declined 1.9 percent, highlighting the payoff from operating fewer vehicles with higher utilization.

The counterweight is leverage and cost exposure. Management reported a net corporate leverage ratio of 7.4 times at June 30, 2026, alongside more than USD 50 million of year-to-date recall costs. That combination leaves execution and balance-sheet repair central to the investment case.

Analysts keep a cautious valuation

MarketBeat counted six hold ratings and three sell ratings on October 2, 2026, producing a Reduce consensus and an average 12-month target of USD 135.00. The target is 19.86 percent above the Nasdaq price of USD 112.65, calculated from the two dollar values.

Nasdaq quote and company profile

On Nasdaq, CAR was last at USD 112.65 on October 6, 2026 at 4:00 p.m. ET. The finance quote showed a market capitalization of USD 4.0 billion and a 52-week range of USD 85.96 to USD 847.70, putting the quote 86.72 percent below the yearly high.