Avis Budget Group announced $3.4 billion in sales and $199 million in profit for the third quarter of 2026.

Nov 3, 2026, 7:12 PM ETResultsRead the original at globenewswire.com

Neutral

Avis Budget reported record Americas vehicle use and received a $650 million settlement, but softer travel and rising fleet costs work against those positives. It also issued a notice to redeem $350 million of notes, with no funding details reported, so the report gives mixed signals.

CAR · Avis Budget Group

AI read · Neutral

The AI's read

The settlement will be counted next quarter, so it does not show that rental operations improved. Record use suggests Avis kept cars busy despite softer travel, but higher fleet costs work against that strength. The report gives no earlier comparison for sales or profit. Avis also issued a notice to redeem $350 million of notes due in 2027, but gave no funding details.

Get alerts for CAR

Follow Avis Budget Group (CAR) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for CAR

Free on the App Store and Google Play, or on the web.