Avis Budget Stock Price Decreases 7% Since Reporting Loss in Q4

Core Viewpoint - Avis Budget Group, Inc. (CAR) experienced a 6.8% decline in stock price following disappointing fourth-quarter 2024 earnings and revenue results [1] Financial Performance - CAR reported a loss of 23 cents per share, which was better than the Zacks Consensus Estimate of a loss of 96 cents, but significantly lower than the EPS of $7.1 from the same quarter last year [2] - Total revenues for the quarter were $2.7 billion, slightly missing consensus estimates and reflecting a 2% year-over-year decline [2] - The company's shares have decreased by 21.6% over the past three months, contrasting with a 5.9% decline in the industry and a 2.4% growth in the Zacks S&P 500 composite [3] Segment Performance - Revenues from the Americas segment were $2.1 billion, down 2% year-over-year, meeting estimates [4] - International revenues totaled $593 million, a 1% decline year-over-year, falling short of the projected $633 million [4] Profitability Metrics - Adjusted EBITDA was negative $101 million, a significant drop from $311 million in the previous year [5] - The Americas segment reported adjusted EBITDA of negative $63 million compared to $309 million in the year-ago quarter, while international adjusted EBITDA was negative $11 million, down from $28 million [5] Balance Sheet & Cash Flow - At the end of the fourth quarter, CAR had cash and cash equivalents of $534 million, down from $602 million at the end of the third quarter [6] - Corporate debt decreased to $5.4 billion from $6 billion in the previous quarter [6] - The company generated $772 million in net cash from operating activities, with adjusted free cash flow of $554 million and capital expenditures of $71 million [6]