Avis Budget Group stock reports Q2 profit as guidance holds

Published on 09/29/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avis Budget Group stock posted Q2 revenue of USD 3.0 billion and adjusted EPS of USD 0.98 on July 28, 2026. Full-year adjusted EBITDA guidance stayed at USD 850 million to USD 1 billion.

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Avis Budget Group stock centers on a sharp earnings contrast: the company reported USD 63 million of net income on USD 3.0 billion of Q2 2026 revenue, while adjusted EPS came in at USD 0.98. Avis Budget Group published the results for the quarter ended June 30, 2026, on July 28, 2026.

Profit holds despite lower revenue

The revenue total fell 1.3 percent year over year, but adjusted EBITDA increased to USD 286 million, according to MarketBeat on September 26, 2026. The operating result gives the quarter a more resilient profile than the headline revenue decline suggests.

The comparison with expectations was less favorable. Adjusted EPS of USD 0.98 missed the USD 2.05 consensus estimate by USD 1.07, while revenue of USD 3.0 billion came in below the USD 3.10 billion estimate, MarketBeat reported.

Fleet discipline supports guidance

Management said the Americas fleet ended the quarter down 5.4 percent year over year, while vehicle utilization reached 73.2 percent, the highest second-quarter level in company history. The combination shows how Avis is prioritizing utilization and transaction economics over fleet expansion.

On the Q2 earnings call dated July 29, 2026, management reiterated full-year adjusted EBITDA guidance of USD 850 million to USD 1 billion, according to Fortune. The company also said the Pentwater settlement could provide USD 650 million in cash, subject to final court approval, with debt reduction identified as a priority.

Analysts keep a cautious view

MarketBeat said on September 26, 2026, that Morgan Stanley lowered its price objective from USD 99.00 to USD 95.00 and kept an Equal Weight rating. The same report cited a consensus Reduce rating and an average target of USD 135.00, leaving analyst expectations divided between operational progress and balance-sheet pressure.

Market value and operating profile

Avis Budget Group had a market capitalization of USD 3.7 billion as of September 28, 2026. Its 52-week range was USD 85.96 to USD 847.70, placing the stock in a highly volatile valuation context even as Q2 adjusted EBITDA improved.