Education
About Us
Working with TipRanks
Follow Us
Avis Budget (DE:CUCA)
FRANKFURT:CUCA
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-5.08Last Year’s EPS
-2.81Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -23.03%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong full-year revenue and record-breaking holiday demand, supported by technological advancements and improved vehicle utilization. However, significant challenges included a large non-cash asset impairment, adjusted EBITDA loss, and decreased international rental performance. The sentiment is balanced with notable achievements offset by substantial challenges.Company Guidance
During Avis Budget Group's fourth quarter and full year 2024 earnings call, significant guidance was provided regarding the company's financial outlook and strategic initiatives. For 2024, Avis reported revenue of $11.8 billion with an adjusted EBITDA of $628 million, despite a $2.5 billion non-cash asset impairment due to an accelerated fleet rotation strategy. This strategy aims to replace higher-cost model year '23 and '24 vehicles with more affordable model year '25 vehicles, thus positioning the company to normalize fleet costs and improve utilization. The Americas segment reported $2.1 billion in revenue for the fourth quarter with an adjusted EBITDA loss of $63 million, while international operations saw revenue of over $590 million with an adjusted EBITDA loss of $11 million. Vehicle utilization in the Americas and international regions improved year-over-year by more than two and three percentage points, respectively. Looking ahead, Avis anticipates generating no less than $1 billion in adjusted EBITDA in 2025, with fleet cost per unit per month expected to decrease throughout the year, exiting at approximately $300. The company is also focused on leveraging data analytics and new technologies to enhance customer experience and operational efficiencies.Strong Full Year Revenue
Achieved $11.8 billion in revenue for the full year 2024, indicating strong demand and performance.
Record December Holidays
Record-breaking revenue during the Christmas period in the U.S., indicating strong holiday demand.
Improved Vehicle Utilization
Americas vehicle utilization over 67%, more than two points higher than Q4 2023, with December at the high end of historic norms.
Technological Advancements
Launch of a new customer app and digital tools to improve customer experience and operational efficiency.
Positive Leisure Demand Trends
Strong leisure demand continued into January 2025 with robust MLK weekend performance.
International Utilization Improvement
International vehicle utilization over 68%, up nearly 3 points compared to the prior year.
---
DE:CUCA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
DE:CUCA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | €87.12 | €79.10 | -9.21% |
| Oct 31, 2024 | €77.72 | €74.50 | -4.14% |
| Aug 05, 2024 | €72.86 | €74.32 | +2.00% |
| Feb 12, 2024 | €155.25 | €126.00 | -18.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Avis Budget (DE:CUCA) report earnings?
Avis Budget (DE:CUCA) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Avis Budget (DE:CUCA) earnings time?
Avis Budget (DE:CUCA) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Avis Budget stock?
The P/E ratio of Avis Budget is N/A.
What is DE:CUCA EPS forecast?
DE:CUCA EPS forecast for the fiscal quarter 2025 (Q1) is -5.08.
---
