Avis Budget Group(NASDAQ) CAR

Avis Budget Group, Inc. helps people rent cars and trucks for travel or moving. Its brands make it easy for businesses and families to get around. The company also lets city dwellers share cars for short trips.

Cars, Trucks, and Car Sharing

• Americas Vehicle Rentals: Car and truck hire across North and South America; generated $2.3 billion in revenue for the three months ended June 30, 2026.
• International Vehicle Rentals: Mobility services across Europe, Asia, and Australasia; generated $710 million in revenue for the three months ended June 30, 2026.
• Car Sharing: On-demand vehicle access through the Zipcar network for individual and business members.
• Truck Rentals: Hauling services via the Budget Truck brand using a fleet of roughly 20,000 vehicles.

Building the Global Fleet

• Amended the European rental fleet securitization program in Feb. 2026 to increase its total borrowing capacity.
• Established an at-the-market equity program in March 2026 to sell up to five million shares of common stock.
• Refinanced a $2 billion senior revolving credit facility in June 2026 with a new maturity in June 2031.
• Updated the United States electric vehicle strategy in late 2025 by accelerating the disposal of certain units.

A Reach Across Borders

The firm manages 10,400 locations and 665,000 vehicles as of June 30, 2026. Its operations reach 180 countries through company-owned facilities and licensees.

The Latest Financial Data

• Revenue was $5.5 billion for the six months ended June 30, 2026, up 1% year over year.
• Total expenses were $5.8 billion for the six months ended June 30, 2026, down 5% year over year.
• Net loss attributable to the company was $248 million for the six months ended June 30, 2026.
• Total liquidity reached $1.0 billion as of June 30, 2026, including $558 million in cash.
• Indebtedness was $25.9 billion as of June 30, 2026, with $19.9 billion tied to vehicle programs.

Company Evolution

Avis has evolved into a global mobility provider with a focus on brand diversity and efficiency. The company continues to adapt its fleet and financing to manage changing travel demand.