earnings
confidence high
sentiment neutral
materiality 0.60
Avis Budget Q2 net income $15M; Adj. EBITDA $214M on revenues >$3B
AVIS BUDGET GROUP, INC.
2024-Q2 EPS reported
-$2.80
revenue$5,599,000,000
- Revenues >$3.0B, rental days +2% YoY; net income $15M; Adjusted EBITDA $214M.
- Americas Adj. EBITDA $186M; International $48M; rental days up 1% and 5% respectively.
- Vehicle utilization 70.2%; June utilization +1 pt vs June 2023; June pricing in Americas -2% YoY.
- Liquidity $822M + $2.9B fleet funding cap; no meaningful maturities until 2027.