Avis Budget Group stock falls 1.91 percent after Q2 miss
Published on 09/24/2026 at 04:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Avis Budget Group stock closed at USD 105.67 on Nasdaq on September 23, 2026, down 1.91 percent from the prior close of USD 107.73. The move followed a second-quarter 2026 earnings miss, with EPS of USD 0.98 versus a USD 2.05 consensus estimate.
Revenue misses the estimate
Avis Budget Group reported second-quarter revenue of USD 3.0 billion and net income of USD 63 million for the period ended June 30, 2026, according to Avis Budget Group. The company also posted adjusted EBITDA of USD 286 million in the quarter.
MarketBeat reported that revenue was USD 3.0 billion against a USD 3.1 billion estimate, while quarterly EPS of USD 0.98 missed consensus by USD 1.07. The revenue result was 1.3 percent below the year-earlier quarter, making the earnings gap more significant than the headline revenue difference.
Profit remains the key variable
The second-quarter net income of USD 63 million compares with USD 5 million in the prior-year quarter, according to the company release. That improvement did not prevent the EPS shortfall, which points to a heavier per-share burden from the company structure and its share count.
The revenue miss was smaller than the earnings miss: USD 3.0 billion was USD 100 million below consensus, while EPS was USD 1.07 below the estimate. For investors, that split makes operating profitability more important than revenue alone in the next earnings comparison.
Stock stays above its yearly low
Avis Budget Group stock traded between USD 104.95 and USD 110.75 during the September 23 session. Its 52-week range was USD 85.96 to USD 847.70, placing the closing price USD 19.71 above the yearly low and USD 742.03 below the yearly high.
The closing price of USD 105.67 on Nasdaq on September 23, 2026, gives Avis Budget Group a market capitalization of USD 3,732,872,214. The daily decline of 1.91 percent keeps the near-term market signal aligned with the earnings miss rather than the higher net income figure.
Avis Budget Group market data
- Company: Avis Budget Group, Inc.
- Ticker: CAR
- Trading venue: Nasdaq
- Closing price (September 23, 2026): USD 105.67
- Market capitalization: USD 3,732,872,214 (as of September 23, 2026)
- 52-week range: USD 85.96-847.70 (as of September 23, 2026)
- Sector / Industry: Industrials / Rental and Leasing Services
