earnings
confidence high
sentiment neutral
materiality 0.70
Avis Budget Q3 revenue ~$3.5B, net income $238M, Adjusted EBITDA $503M
AVIS BUDGET GROUP, INC.
2024-Q3 EPS reported
$3.84
revenue$9,079,000,000
- Revenue nearly $3.5B, net income $238M, Adjusted EBITDA $503M; pricing down 2% YoY, rental days flat.
- Americas Adjusted EBITDA $384M on utilization +1pt and strong summer pricing, offset by higher fleet costs.
- International Adjusted EBITDA $139M driven by rental days +5% and utilization +3pts YoY.
- Issued $700M unsecured Senior Notes, repurchased ~526k shares for ~$43M through Oct 30.
- Liquidity over $1.2B with $3.2B fleet funding capacity; no material maturities until 2027.