Avis Budget Group (CAR) Q2 FY26 earnings call

Avis Budget Group strategically reduced its fleet in Q2 FY26 in response to softening demand, prioritizing profitability and asset utilization over volume. This disciplined approach, coupled with technology investments, led to record utilization and adjusted EBITDA growth in the Americas despite revenue declines. The company also secured a significant legal settlement and is focused on deleveraging and optimizing its asset management approach for future quarters.