Avis Budget Group (Nasdaq: CAR) reported earnings on Aug. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Avis Budget Group missed estimates on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.

Gross margins were steady, operating margins improved, and net margins increased.

Revenue details
Avis Budget Group booked revenue of $1.87 billion. The five analysts polled by S&P Capital IQ hoped for sales of $1.91 billion on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $1.41 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.94. The eight earnings estimates compiled by S&P Capital IQ forecast $0.70 per share. GAAP EPS of $0.66 for Q2 were 57% higher than the prior-year quarter's $0.42 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.0%, about the same as the prior-year quarter. Operating margin was 17.0%, 10 basis points better than the prior-year quarter. Net margin was 4.2%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.54.

Next year's average estimate for revenue is $7.34 billion. The average EPS estimate is $2.52.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 240 members out of 376 rating the stock outperform, and 136 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Avis Budget Group a green thumbs-up, and 49 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avis Budget Group is buy, with an average price target of $23.67.