NASDAQ$CAR
Avis Budget Group Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Avis Budget Group's Q1 2021 financial results were announced, highlighting recovery through cost discipline and fleet optimization.
Avis Budget Group reported a revenue decrease of 22% compared to the previous year, with a net loss of $170 million. However, the company achieved an Adjusted EBITDA of $47 million, driven by cost management and revenue per day growth in the Americas.
- Revenue per Day increased by 12% in the Americas due to improving demand.
- The Americas achieved record first quarter Adjusted EBITDA margins due to cost discipline and improved demand.
- International Adjusted EBITDA was nearly flat compared to Q1 2020, excluding currency exchange rate movements, due to cost mitigation.
- The company completed senior notes offerings to redeem higher-interest debt, achieving its lowest interest rate on an unsecured notes offering.
Headline financials
Revenue & EPS history
Avis · Revenue · Quarterly
$1.37B
Revenue by segment
Avis · $1.37B total across 2 segments · Q1 2021
- Americas$1.08B-14.1%78.7%
- International$292M-41.1%21.3%
Forward guidance
Due to continued macro uncertainties, the company is not providing guidance at this time.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.8%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.0%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+106.1%
Q3 2021
Best reaction
-25.8%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.1% | -11.6% | -3.1% | |
| Q4 2025 | -21.7% | -23.8% | -19.0% | |
| Q3 2025 | -6.1% | -12.3% | -13.7% | |
| Q1 2025 | +0.6% | +5.8% | +22.4% | |
| Q4 2024 | -6.8% | +1.2% | -30.9% | |
| Q3 2024 | +7.1% | +3.0% | +26.9% | |
| Q2 2024 | +2.2% | +3.0% | -11.7% | |
| Q1 2024 | +19.2% | +27.3% | +19.2% | |
| Q4 2023 | -23.1% | -33.5% | -33.0% | |
| Q3 2023 | +14.9% | +23.1% | +20.2% | |
| Q2 2023 | +1.9% | +1.3% | -1.1% | |
| Q1 2023 | -2.8% | -5.2% | -5.0% | |
| Q4 2022 | +13.6% | +12.1% | -12.9% | |
| Q3 2022 | -9.4% | -4.7% | -8.1% | |
| Q2 2022 | -5.2% | +1.1% | -8.0% | |
| Q1 2022 | +6.6% | -4.4% | -30.0% | |
| Q4 2021 | -5.5% | -11.5% | +55.3% | |
| Q3 2021 | +106.1% | +71.6% | +46.1% | |
| Q2 2021 | -12.8% | -2.7% | +10.5% | |
| Q1 2021 | -7.0% | -8.2% | -3.3% | |
| Q4 2020 | -4.2% | +9.0% | +50.6% | |
| Q3 2020 | -4.2% | -13.1% | +5.3% | |
| Q2 2020 | -4.1% | -9.5% | +19.3% | |
| Q1 2020 | -0.1% | +6.0% | +95.7% | |
| Q4 2019 | +21.8% | +6.8% | -73.4% | |
| Q3 2019 | -8.0% | -1.1% | -1.4% | |
| Q2 2019 | -3.0% | -9.6% | -29.8% | |
| Q1 2019 | +1.6% | +3.3% | -20.2% | |
| Q4 2018 | +16.5% | +19.3% | +12.3% | |
| Q3 2018 | -2.1% | +6.8% | -7.7% | |
| Q2 2018 | -8.2% | -5.8% | -12.4% | |
| Q1 2018 | -9.6% | -7.2% | -19.8% | |
| Q4 2017 | +10.7% | +15.9% | +15.2% | |
| Q3 2017 | -14.2% | -18.3% | -3.6% | |
| Q2 2017 | -6.6% | +8.0% | +11.7% | |
| Q1 2017 | -5.5% | -13.0% | -27.3% | |
| Q4 2016 | -6.9% | -12.1% | -14.9% | |
| Q3 2016 | +12.3% | +20.0% | +18.4% | |
| Q2 2016 | +2.5% | +6.6% | +0.2% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -25.8% | — | — | |
| Q3 2015 | -7.2% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -2.9% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | -1.5% | — | — | |
| Q2 2014 | +4.6% | — | — | |
| Q1 2014 | -3.9% | — | — | |
| Q4 2013 | +12.1% | — | — | |
| Q3 2013 | +8.0% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | +7.7% | — | — | |
| Q1 2012 | +3.9% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | -5.8% | — | — | |
| Q4 2010 | -5.3% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q3 2010 | +5.2% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — |
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