Avis Budget Group(US:CAR) Benzinga·2025-10-27 20:24Core Insights - Avis Budget Group, Inc. reported strong third-quarter earnings, exceeding both revenue and earnings estimates, indicating a positive trend in financial performance [1][2] Financial Performance - Quarterly earnings were $10.11 per share, surpassing the analyst estimate of $8.78 by 15.12% [1] - Quarterly revenue reached $3.51 billion, exceeding the Street estimate of $3.45 billion [1] Operational Highlights - The company experienced a return to revenue growth while continuing to invest in future innovations and customer experience [2] - Revenue per day, excluding exchange rate effects, decreased by 1%, while rental days increased by 1% compared to the third quarter of 2024 [4] - Adjusted EBITDA in the Americas was $398 million, up from $384 million year-over-year, driven by lower fleet costs and increased rental days [4] - Adjusted EBITDA in International was $190 million, compared to $139 million in the same period last year, supported by stronger revenue per day and lower fleet costs [4]