Avis Budget Group(US:CAR) ZACKS·2025-08-06 17:26Core Insights - Avis Budget Group, Inc. (CAR) reported second-quarter 2025 results that were narrower than expected, with adjusted earnings per share of 10 cents, missing the Zacks Consensus Estimate by 95.1% and decreasing 75.6% from the previous year [1][8] - Revenues for the quarter were $3 billion, slightly below consensus estimates and showing a marginal year-over-year decline [1][8] - Following the earnings release on July 29, CAR's stock experienced a 21.9% decline due to disappointing earnings and revenue results [1][8] Financial Performance - Year-to-date, CAR shares have surged 97.5%, contrasting with a 3.3% decline in the industry and a 7.3% growth in the Zacks S&P 500 composite [2] - Revenues from the Americas segment were $2.3 billion, reflecting a 1% decline from the previous year and missing the estimate of $2.4 billion [3] - International revenues totaled $707 million, down 3% year-over-year, also missing the estimate of $698.2 million [3] - Adjusted EBITDA for the company was $277 million, up 29% from the prior year, with the Americas segment contributing $220 million (an 18% increase) and international operations reporting $82 million (a 71% increase) [4] Balance Sheet and Cash Flow - At the end of Q2 2025, Avis Budget had cash and cash equivalents of $541 million, up from $516 million at the end of Q1 2025 [5] - Corporate debt increased to $6.1 billion from $5.9 billion in the previous quarter [5] - The company generated $837 million in net cash from operating activities, with adjusted free cash flow utilized at $17 million and capital expenditure at $53 million [5]