CAR

CAR shares jump 10.2% despite a Q3 earnings miss, as record fleet utilization, improved cash flow and expectations of Q4 EBITDA recovery draw attention.

Avis Budget Group, Inc. ( CAR ) Q3 2026 Earnings Call November 4, 2026 8:30 AM EST Company Participants David Calabria - Treasurer & Senior VP of Corporate Finance Brian Choi - Chief Executive Officer Daniel Cunha - Executive VP & CFO Conference Call Participants John Healy - Northcoast Research Partners, LLC Stephanie Benjamin Moore - Jefferies LLC, Research Division Christopher Stathoulopoulos - Susquehanna Financial Group, LLLP, Research Division Chris Woronka - Deutsche Bank AG, Research Division Joshua Young - Barclays Bank PLC, Research Division Rajat Gupta - JPMorgan Chase & Co, Research Division Presentation Operator Greetings, and welcome to the Avis Budget Group Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's conference is being recorded.

Avis Budget Group NASDAQ: CAR reported third-quarter adjusted EBITDA of $513 million, down 8% from a year earlier and about $50 million below the company's prior expectations, as weaker travel demand in August pressured rental volume, revenue mix and operating leverage.

Avis Budget (CAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CAR, USAS and APC have been added to the Zacks Rank #5 (Strong Sell) List on October 20, 2026.

Beaten-down rental stocks are bouncing while the wider transportation sector slips, and Hertz Global Holdings (NASDAQ:HTZ) is leading the rebound from the deepest hole in the group. Hertz stock is at $2.

CAR's stronger utilization and lower fleet costs lift second-quarter profits despite fewer vehicles and softer rental volumes.

NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed on behalf of investors in Avis Budget Group, Inc. (“Avis” or the “Company”) (NASDAQ: CAR).   The class action, filed in the United States District Court for the Middle District of Florida, and docketed under 26-cv-02275, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Avis securities (including those who bought Avis common stock to cover a short position) between February 20, 2025 and April 21, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 9(a) and 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against Pentwater Capital Management LP (“Pentwater”) and its Founder, Chief Executive Officer (“CEO”), and Chief Investment Officer Matthew Halbower (“Halbower”).

New York, New York--(Newsfile Corp. - September 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR), including those who bought Avis common stock to cover a short position, between February 20, 2025 and April 21, 2026, inclusive (the "Class Period"), of the important September 29, 2026 lead plaintiff deadline. SO WHAT: If you purchased Avis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

A securities class action alleges that Pentwater Capital Management LP and its CEO drove Avis Budget Group shares up more than 400% before dumping 4.3 million shares over two trading days, and this release maps the sequence of dated events investors are being asked to examine. A securities class action alleges that Pentwater Capital Management LP and its CEO drove Avis Budget Group shares up more than 400% before dumping 4.3 million shares over two trading days, and this release maps the sequence of dated events investors are being asked to examine.