For Q1 FY2026 ended March 31, 2026, Avis Budget Group reported revenue of $2.53 billion, up 4.1% year-over-year. Net loss was $283 million, compared to a net loss of $505 million in the prior year, improving 44.0%. Diluted EPS was -$8.01, also improving 44.2% year-over-year. The company had $528 million in cash, $6.02 billion in long-term debt, and negative equity of $3.42 billion.
•Revenue increased 4.1% YoY to $2.53 billion.
•Net loss improved 44.0% YoY to $283 million.
•Diluted EPS improved 44.2% YoY to -$8.01.
•Long-term debt stood at $6.02 billion with negative equity of $3.42 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Avis Budget provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia.
The company operates the Avis brand, which offers vehicle rental and mobility solutions to the commercial and leisure segments of the travel industry and the Zipcar brand, a car sharing network that offers vehicle rental and mobility solutions comprising budget car rental and budget truck.
It also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll vehicle Hire. Founded in 1946 and based in Parsippany, New Jersey, Avis Budget was formerly known as Cendant Corporation before rebranding in September 2006.
Avis Budget Group, Inc., trading under the ticker CAR, is a leading provider of vehicle rental and mobility solutions. The company offers car and truck rentals, car sharing, and ancillary products and services to both business and leisure customers. It operates through several well-known brands, including Avis, which serves the commercial and leisure travel segments, and Zipcar, a popular car sharing network. Other brands in its portfolio include Budget (car rental and truck), Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, ACL Hire, and McNicoll Vehicle Hire. The company's services span across the Americas, Europe, the Middle East and Africa, Asia, and Australasia, making it a global player in the rental and leasing industry.
Where is Avis Budget Group (CAR) listed and what currency does it use?
Avis Budget Group, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol CAR. The company's financial reporting and stock trading are conducted in US Dollars (USD). As a US-based corporation, its primary listing is on a major American exchange, providing liquidity and visibility to investors worldwide. The use of USD aligns with its headquarters in the United States and facilitates transactions in its home market.
What sector and industry does Avis Budget Group (CAR) belong to?
Avis Budget Group operates in the Industrials sector, specifically within the Rental & Leasing Services industry. This classification reflects the company's core business of providing short-term vehicle rentals and leasing solutions to customers. As a rental and leasing services firm, it manages a large fleet of vehicles and offers flexible mobility options, ranging from daily car rentals to long-term truck leases. The Industrials sector encompasses companies that provide industrial goods and services, and Avis Budget's role in facilitating transportation and logistics fits squarely within this category.
Where is Avis Budget Group (CAR) headquartered and what markets does it serve?
Avis Budget Group is headquartered in Parsippany, New Jersey, United States. The company was founded in 1946 and has grown to serve a global customer base. Its operations cover the Americas, Europe, the Middle East and Africa, Asia, and Australasia. This extensive geographic reach allows it to cater to both domestic and international travelers, as well as businesses with cross-border needs. The company's brands, such as Avis and Budget, are recognized worldwide, and its car sharing network Zipcar operates in numerous urban areas. By maintaining a presence across multiple continents, Avis Budget Group is able to offer consistent service to customers in key travel and business hubs.
How does Avis Budget Group (CAR) make money and what are its key brands?
Avis Budget Group generates revenue primarily through vehicle rentals and related services. Its business model involves renting cars and trucks to customers on a short-term basis, as well as offering car sharing through its Zipcar brand. The company also provides ancillary products such as insurance, navigation systems, and roadside assistance. Key brands include Avis, which targets both commercial and leisure travelers; Budget, which offers budget-friendly car and truck rentals; and Zipcar, a membership-based car sharing service. Other brands like Payless, Apex, Maggiore, and several regional names help the company capture diverse market segments. By operating a multi-brand strategy, Avis Budget Group can serve different customer needs and price points across its global footprint.