NASDAQ$CAR
Avis Budget Group Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Avis Budget Group achieved record net income and Adjusted EBITDA, driven by increased revenue per day and rental days as demand normalized.
Avis Budget Group reported a strong second quarter with revenues up 212% compared to the prior year and 1% above 2019, reaching $2.4 billion. Net income was $398 million, and Adjusted EBITDA increased more than three times compared to 2019, reaching $624 million, marking the company's best quarterly Adjusted EBITDA in its history.
- Total Company revenues were up 212% compared to second quarter 2020 and up 1% compared to 2019.
- Adjusted EBITDA in the Americas was $634 million for second quarter 2021.
- Adjusted EBITDA in International was $8 million for second quarter 2021.
- Company issued $800 million asset-backed notes incurring lowest ever interest at a weighted average rate of 1.73%.
Headline financials
Revenue & EPS history
Avis · Revenue · Quarterly
$2.37B
Revenue by segment
Avis · $2.37B total across 2 segments · Q2 2021
- Americas$1.97B+249.4%83.3%
- International$397M+103.6%16.7%
Forward guidance
The momentum seen in the second quarter is expected to continue through the summer, and the team will be ready to take advantage of increased demand while maintaining rigorous cost discipline.
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 Q2 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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