CAR Earnings Prediction
The chart below shows how CAR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CAR sees a +0.30% change in stock price 10 days leading up to the earnings, and a +4.49% change 10 days following the report. On the earnings day itself, the stock moves by -0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
CAR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.48B
-2.36%
14.17%
Gross Margin
32.30%
-14.84%
22.58%
Operating Margin
20.55%
-19.79%
50.55%
Net Margin
6.84%
-61.11%
1295.92%
EPS
6.64
-60.43%
1602.56%
No Data Available
CAR Earnings Analysis
Avis Budget Group, Inc. Corporation (CAR.O) Earnings Conference Call
Positive
Quarterly Revenue and EBITDA: The company reported quarterly revenue of nearly $3.5 billion and adjusted EBITDA of $503 million.
Americas Segment Performance: The Americas segment generated more than $2.6 billion of revenue in the third quarter with $384 million of adjusted EBITDA.
Americas Utilization Rate: Utilization in the Americas was nearly 72%, which is more than one point higher than the third quarter of 2023.
Fleet Utilization Improvement: The company continues to maintain fleet discipline, allowing for improved vehicle utilization year-over-year.
Reduced Inventory Strategy: The company expects to start 2025 with substantially fewer cars than it started in 2024, positioning for lower holding costs.
Negative
Revenue Decline Alert: Quarterly revenue decreased to nearly $3.5 billion, down from previous expectations.
Decline in Adjusted EBITDA: Adjusted EBITDA fell to $503 million, indicating a decline in profitability.
Americas Rental Days Decline: Rental days in the Americas segment were down 2% compared to the third quarter of 2023.
Fleet Expense Surge: Fleet costs increased significantly, resulting in over $100 million in incremental fleet expenses year-over-year.
Fleet Cost Challenges: The company faced unprecedented challenges in fleet costs and vehicle interest rates, impacting overall financial performance.
CAR FAQs
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CAR Earning Call Sentiment
Avis Budget Group, Inc. (CAR) Q3 2024 Earnings Call Transcript
1.0x
00:00
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CAR.O
-4.21%Positive
The earnings call indicates a stable financial performance with strong international growth and improved fleet utilization. Despite some cost pressures, the company shows effective cost control and strategic focus on high-margin business. The Q&A section reassures confidence in pricing stability and operational efficiency, with management actively participating in growth markets like ride-sharing. The share repurchase and strong liquidity position add to positive sentiment. Considering the market cap, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.