Equity Profile

CAR

Avis Budget Group, Inc.

IndustrialsPassenger Ground Transportation$4.9B

May4Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Avis Budget Group, Inc. (CAR) operates in the passenger ground transportation sector, primarily focusing on rental cars....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

N/A

Revenue Growth

Revenue growth is essential to assess how well the company is recovering from previous downturns and adapting to market conditions.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CAR Q2-2026 Earnings Preview

Context

Company Snapshot

Avis Budget Group, Inc. (CAR) operates in the passenger ground transportation sector, primarily focusing on rental cars. As travel demand fluctuates, the company's performance is closely tied to consumer spending and tourism trends, making it a key player in the industrials sector.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

-1654.95%

Avg Stock Reaction

-0.40%

Last Quarter Recap

In Q1 2026, Avis Budget Group reported an EPS of -$8.01, missing estimates significantly. The stock reacted negatively, dropping 0.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Avis Budget Group are cautious, given the company's recent earnings history of significant misses. Investors are looking for signs of recovery in demand and profitability.

Bull Case

If the company can show a strong rebound in rental demand and improved cost management, it could lead to a positive surprise and boost investor confidence.

Bear Case

Conversely, if the company continues to report losses and fails to demonstrate a clear path to profitability, it may face further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the rental days for the quarter?

This metric will provide insight into demand recovery and operational efficiency, which are critical for the company's performance.

What is the outlook for EPS in the upcoming quarters?

Guidance on future earnings will help investors assess the company's path to profitability and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in travel demand, which could lead to better-than-expected rental days.

Supporting Evidence

Options are pricing an 8% move, but the stock has only moved more than 6% once in the last 8 quarters.

The recent trend in travel bookings suggests a potential uptick in rental demand that may not be fully reflected in current estimates.

Key Risk

If rental days exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether Avis can recover from its recent losses and demonstrate a sustainable path to profitability.

Bull Confirmed If

A rental days increase of 15% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

An EPS loss greater than $10 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.8%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move of about 7.8%, indicating that traders expect volatility around the earnings report.

Options are pricing ±7.8% while CAR has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

257.9%

Calls (937K)P/C Ratio: 0.26Puts (922K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Avis beats expectations, history suggests a potential stock increase of around 1.47%, confirming a recovery narrative.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors weigh future prospects.

Miss

A miss could lead to a decline of about 0.29%, reinforcing concerns about the company's ongoing challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on rental days and demand trends.
2Any guidance on cost management and operational efficiency.
3Insights into the company's strategy for recovering from recent losses.
4Comments on competitive pressures in the rental market.
5Future outlook on EPS and revenue growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

May1

KRYSReported

Krystal Biotech, Inc.

RecapView

May1

UUUUReported

Company Snapshot

Avis Budget Group, Inc. (CAR) operates in the passenger ground transportation sector, primarily focusing on rental cars....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

N/A

Revenue Growth

Revenue growth is essential to assess how well the company is recovering from previous downturns and adapting to market conditions.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CAR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

-1654.95%

Avg Stock Reaction

-0.40%

Last Quarter Recap

In Q1 2026, Avis Budget Group reported an EPS of -$8.01, missing estimates significantly. The stock reacted negatively, dropping 0.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Avis Budget Group are cautious, given the company's recent earnings history of significant misses. Investors are looking for signs of recovery in demand and profitability.

Bull Case

If the company can show a strong rebound in rental demand and improved cost management, it could lead to a positive surprise and boost investor confidence.

Bear Case

Conversely, if the company continues to report losses and fails to demonstrate a clear path to profitability, it may face further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the rental days for the quarter?

This metric will provide insight into demand recovery and operational efficiency, which are critical for the company's performance.

What is the outlook for EPS in the upcoming quarters?

Guidance on future earnings will help investors assess the company's path to profitability and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in travel demand, which could lead to better-than-expected rental days.

Supporting Evidence

Options are pricing an 8% move, but the stock has only moved more than 6% once in the last 8 quarters.

The recent trend in travel bookings suggests a potential uptick in rental demand that may not be fully reflected in current estimates.

Key Risk

If rental days exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether Avis can recover from its recent losses and demonstrate a sustainable path to profitability.

Bull Confirmed If

A rental days increase of 15% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

An EPS loss greater than $10 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.8%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move of about 7.8%, indicating that traders expect volatility around the earnings report.

Options are pricing ±7.8% while CAR has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

257.9%

Calls (937K)P/C Ratio: 0.26Puts (922K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Avis beats expectations, history suggests a potential stock increase of around 1.47%, confirming a recovery narrative.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors weigh future prospects.

Miss

A miss could lead to a decline of about 0.29%, reinforcing concerns about the company's ongoing challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on rental days and demand trends.
2Any guidance on cost management and operational efficiency.
3Insights into the company's strategy for recovering from recent losses.
4Comments on competitive pressures in the rental market.
5Future outlook on EPS and revenue growth.