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Avis Budget Group CAR Q3 2024 earnings

Reported October 31, 2024 · After market close

Revenue$3.5BBeat by $755.2M
EPS$6.65Miss by $1.53
Revenue estimate$2.7B
EPS estimate$8.18

Next report

Oct 26, 2026 (in 3 months)
Revenue estimate$3.6B
EPS estimate$9.92

Financials

Q3 2024

Income statement

See full
Revenue$3.5B-2.4%
Net income$237.0M-62.1%
EPS (diluted)$6.65-60.4%

Balance sheet

See full
Cash & equivalents$649.0M-10.0%
Total debt$9.5B+26.5%
Total equity-$238.0M-621%
Total assets$32.7B+1.4%

Cash flow

See full
Operating cash flow$1.3B+1.6%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$3.12B-55.1%
Enterprise value$11.95B-13.0%
P/E7.9×+4.0×
P/S0.3×-0.3×

Profitability

See full
Net margin3.3%-11.6pp

Returns & leverage

See full
Current ratio0.7×-0.1×

Segments

By product

See full
Avis$2.0B-1.6%
Budget$1.3B-3.9%
Other$206.0M-0.5%

By segment

See full
Americas$2.6B-3.5%
International$840.0M+1.4%

By geography

See full
Europe, Middle East and Africa$511.3M
Asia and Australasia$158.3M

Versus estimates

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Questions, answered.

When did Avis Budget Group report Q3 2024 earnings?
Avis Budget Group (CAR) reported Q3 2024 earnings on October 31, 2024 after market close.
What were Avis Budget Group's Q3 2024 revenue and EPS?
Avis Budget Group reported revenue of $3.5B and eps of $6.65 for Q3 2024.
Did Avis Budget Group beat estimates in Q3 2024?
Revenue beat the consensus estimate of $2.7B by $755.2M. EPS missed the consensus estimate of $8.18 by $1.53.
Where can I find Avis Budget Group's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000723612-24-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.