What Avis Budget Group (CAR) Said on Its Q3 Earnings Call
Published . Updated .
Key takeaways
- Avis Budget Group (NASDAQ:CAR) reported third-quarter adjusted EBITDA of $513 million, down 8% from a year earlier and about $50 million below the company’s prior expectations, as weaker travel demand in August pressured rental volume, revenue mix and operating leverage.
- Exposed: CARZ, XLY, TSLA, GM, TM
- Market reaction: XLY +3.8% on the day (still updating); GM +5.7% on the day (still updating); F +3.7% on the day (still updating)
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Avis Budget Group (NASDAQ:CAR) reported third-quarter adjusted EBITDA of $513 million, down 8% from a year earlier and about $50 million below the company’s prior expectations, as weaker travel demand in August pressured rental volume, revenue mix and operating leverage. Chief
Directly affected
- CAR Avis Budget Group+3.3% 30d
Named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “car” (autos) in this story.
- TSLA Tesla+4.7% 30d
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- GM General Motors+2.0% 30d
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- TM Toyota Motor+2.2% 30d
Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- F Ford Motor-6.8% 30d
Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- BKNG Booking Holdings+1.3% 30d
Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “travel” (travel) in this story.
- MAR Marriott International+24.1% 10d
Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “travel” (travel) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CAR | -6.94% | -1.29% | base | +7.92% | after close | after close | after close |
| CARZ | +1.00% | +0.00% | base | after close | after close | after close | after close |
| XLY | -1.73% | -1.67% | base | +3.82% | after close | after close | after close |
| TSLA | +1.54% | +0.40% | base | -3.59% | after close | after close | after close |
| GM | -6.59% | -1.05% | base | +5.66% | after close | after close | after close |
| TM | +0.72% | +1.38% | base | +3.53% | after close | after close | after close |
| F | -2.85% | -0.57% | base | +3.66% | after close | after close | after close |
| BKNGNo price data for this ticker | — | — | — | — | — | — | — |
| MARNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
What Avis Budget Group (CAR) Said on Its Q3 Earnings Call Yahoo Finance
Source: Yahoo Finance
How far First Tr Exchange-Traded Fd (CARZ) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| CAR | that day | +7.92% | still updating |
| CAR | three days earlier | -1.29% | final price |
| CAR | five days earlier | -6.94% | final price |
| First Tr Exchange-Traded Fd (CARZ) | three days earlier | 0.00% | final price |
| First Tr Exchange-Traded Fd (CARZ) | five days earlier | +1.00% | final price |
| Ford Motor (F) | that day | +3.66% | still updating |
| Ford Motor (F) | three days earlier | -0.57% | final price |
| Ford Motor (F) | five days earlier | -2.85% | final price |
| General Motors (GM) | that day | +5.66% | still updating |
| General Motors (GM) | three days earlier | -1.05% | final price |
| General Motors (GM) | five days earlier | -6.59% | final price |
| Toyota Motor Corp/ (TM) | that day | +3.53% | still updating |
| Toyota Motor Corp/ (TM) | three days earlier | +1.38% | final price |
| Toyota Motor Corp/ (TM) | five days earlier | +0.72% | final price |
| Tesla (TSLA) | that day | -3.59% | still updating |
| Tesla (TSLA) | three days earlier | +0.40% | final price |
| Tesla (TSLA) | five days earlier | +1.54% | final price |
| Select Sector Spdr Tr (XLY) | that day | +3.82% | still updating |
| Select Sector Spdr Tr (XLY) | three days earlier | -1.67% | final price |
| Select Sector Spdr Tr (XLY) | five days earlier | -1.73% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Ford Motor (F), worth $1,001 - $15,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Ford Motor (F) (held by a dependent child), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Booking Holdings (BKNG), worth $250,001 - $500,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around First Tr Exchange-Traded Fd (CARZ)
Companies carried with this story
- CARZ First Tr Exchange-Traded Fd
In “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call,” First Tr Exchange-Traded Fd (CARZ) is linked, with no stored direction, medium confidence. Reason on file: First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story
- XLY Select Sector Spdr Tr
Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call.” Reason on file: Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “car” (autos) in this story
- TSLA Tesla
Tesla (TSLA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call.” Reason on file: Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
- GM General Motors
General Motors (GM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call.” Reason on file: General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
- TM Toyota Motor Corp/
For “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call,” Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence. Reason on file: Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
- F Ford Motor
For “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call,” Ford Motor (F) is linked, with no stored direction, medium confidence. Reason on file: Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
How “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call” reaches First Tr Exchange-Traded Fd (CARZ)
First Tr Exchange-Traded Fd (CARZ) is the company in “What Avis Budget Group (CAR) Said on Its Q3 Earnings Call,” the 4 Nov 2026 this story story.
The link for First Tr Exchange-Traded Fd (CARZ) is this: First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story
A second company, Select Sector Spdr Tr (XLY), is listed for a different reason: Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “car” (autos) in this story
The price range for First Tr Exchange-Traded Fd (CARZ), and the dates in the story
TSLA traded between 349.39 and 414.19 across 20 sessions. The latest close on file is 398.21. XLY traded between 110.58 and 119.20 across 20 sessions. The latest close on file is 118.15.
How strong the case is around First Tr Exchange-Traded Fd (CARZ)
46 out of 100Price not final
“What Avis Budget Group (CAR) Said on Its Q3 Earnings Call” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.