NASDAQ$CAR
Avis Budget Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Avis Budget Group reported record second quarter results, with revenues 37% above second quarter 2021.
Avis Budget Group reported a record second quarter with revenues of $3.2 billion, a 37% increase compared to Q2 2021. Net income reached $774 million and Adjusted EBITDA was $1.2 billion, both historical quarterly records. The company's liquidity position at the end of the quarter was approximately $850 million, with an additional $1.9 billion of fleet funding capacity.
- Total Company revenues increased by 37% and 39% compared to second quarter 2021 and 2019, respectively.
- Adjusted EBITDA in the Americas was $1.0 billion for the second quarter 2022 driven by the highest quarter demand in history and strong pricing.
- Adjusted EBITDA in International was $183 million for the second quarter 2022 driven by increased pricing and volume.
- The company's best quarterly net income and Adjusted EBITDA in its history.
Headline financials
Revenue & EPS history
Avis · Revenue · Quarterly
$3.24B
Revenue by segment
Avis · $3.24B total across 2 segments · Q2 2022
- Americas$2.57B+30.0%79.1%
- International$677M+70.5%20.9%
Forward guidance
The press release contains forward-looking statements regarding future expectations, travel levels, cost-saving actions, the global semiconductor shortage, and liquidity and cash flows.
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 2022
+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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