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Avis Budget Group Inc   (CAR)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 

CAR's Operating Income Growth by Quarter and Year

Avis Budget Group Inc 's Operating Income results by quarter and year




CAR Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,591.00 1,912.00 1,760.00 3,319.00
III Quarter September 2,382.00 2,861.00 2,208.00 944.00
II Quarter June 2,145.00 2,496.00 1,577.00 67.00
I Quarter March 1,775.00 1,895.00 772.00 845.00
FY   7,893.00 9,164.00 6,317.00 5,175.00



CAR Operating Income fourth quarter 2023 Y/Y Growth Comment
Avis Budget Group Inc reported decline in Operating Income in the fourth quarter 2023 by -16.79% to $ 1,591.00 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Avis Budget Group Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 7.29%.

Looking into fourth quarter 2023 results within Rental & Leasing industry 2 other companies have achieved higher Operating Income growth. While Avis Budget Group Inc ' s Operating Income fall of -16.79% ranks overall at the positon no. 318 in the fourth quarter 2023.

Explain Operating Income growth


CAR Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -16.79 % 8.64 % -46.97 % 172.27 %
III Quarter September -16.74 % 29.57 % 133.9 % -43.74 %
II Quarter June -14.06 % 58.28 % 2253.73 % -94.85 %
I Quarter March -6.33 % 145.47 % -8.64 % -13.51 %
FY   -13.87 % 45.07 % 22.07 % 0 %

Financial Statements
Avis Budget Group Inc 's fourth quarter 2023 Operating Income $ 1,591.00 millions CAR's Income Statement
Avis Budget Group Inc 's fourth quarter 2022 Operating Income $ 1,912.00 millions Quarterly CAR's Income Statement
New: More CAR's historic Operating Income Growth >>


CAR Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -33.21 % -33.17 % -20.29 % 251.59 %
III Quarter September 11.05 % 14.62 % 40.01 % 1308.96 %
II Quarter June 20.85 % 31.72 % 104.27 % -92.07 %
I Quarter March -7.17 % 7.67 % -76.74 % -30.68 %
FY (Year on Year)   -13.87 % 45.07 % 22.07 % 0 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Rental & Leasing Industry #3
Services Sector #53
Overall #318

Operating Income Y/Y Growth Statistics
High Average Low
412.92 % 7.29 % -425 %
(Dec. 30, 2015)   (Sep. 30, 2008)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Rental & Leasing Industry #3
Services Sector #53
Overall #318
Operating Income Y/Y Growth Statistics
High Average Low
412.92 % 7.29 % -425 %
(Dec. 30, 2015)   (Sep. 30, 2008)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Avis Budget Group Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
1308.96 % 54.55 % -96.6 %
(Sep 30 2020)  


CAR's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Avis Budget Group Inc realized fall in Operating Income from the third quarter by -33.21% to $ 1,591.00 millions, from $ 2,382.00 millions released in the previous reporting period.

As we evaluate recent slump in the quarter, we should presume, that usually IV. Quarter performance emerge sluggish relative to the third quarter

Within Rental & Leasing industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Avis Budget Group Inc 's Operating Income growth quarter on quarter, overall rank is 475.


Operating Income Q/Q Growth Company Ranking
Within: No.
Rental & Leasing Industry #4
Services Sector #60
Overall #475
Operating Income Q/Q Growth Company Ranking
Within: No.
Rental & Leasing Industry #4
Services Sector #60
Overall #475
Operating Income Q/Q Growth Statistics
High Average Low
1308.96 % 54.55 % -96.6 %
(Sep 30 2020)  


CAR's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Avis Budget Group Inc realized fall in Operating Income from the third quarter by -33.21% to $ 1,591.00 millions, from $ 2,382.00 millions achived a quarter before.

It's not important issue, as Avis Budget Group Inc 's Operating Income frequently gravitate to plunge in this quarter Callum  Wood, a business consultant wrote.

Within Rental & Leasing industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Avis Budget Group Inc 's Operating Income growth quarter on quarter, overall rank is 475.


Avis Budget Group Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 7,893.00 $ 8,214.00 $ 8,693.00 $ 9,044.00 $ 9,164.00
Y / Y Operating Income Growth (TTM) -13.87 % -8.85 % 4 % 21.56 % 45.07 %
Year on Year Operating Income Growth Overall Ranking # 97 # 586 # 379 # 94 # 590
Seqeuential Operating Income Change (TTM) -3.91 % -5.51 % -3.88 % -1.31 % 1.69 %
Seq. Operating Income Growth (TTM) Overall Ranking # 318 # 968 # 532 # 198 # 1342




Cumulative Operating Income growth Comment
Avis Budget Group Inc 's cumulative 12 months Operating Income continue to fall, but on the faster rate at -13.87% year on year, at Dec 31 2023 compare to the -8.85% decrease at Sep 30 2023. If the Avis Budget Group Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $7,893 millions.

Among companies within the Services sector 12 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 97, from total ranking in previous quarter at 586.

Operating Income TTM Q/Q Growth Statistics
High Average Low
412.92 %
7.29 %
-425 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Rental & Leasing Industry # 3
Services Sector # 13
Overall # 97

Operating Income TTM Y/Y Growth Statistics
High Average Low
412.92 %
7.29 %
-425 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 53
S&P 500 # 318
Cumulative Operating Income growth Comment
Avis Budget Group Inc 's cumulative 12 months Operating Income continue to fall, but on the faster rate at -13.87% year on year, at Dec 31 2023 compare to the -8.85% decrease at Sep 30 2023. If the Avis Budget Group Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $7,893 millions.

Among companies within the Services sector 12 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 97, from total ranking in previous quarter at 586.

Operating Income TTM Q/Q Growth Statistics
High Average Low
412.92 %
7.29 %
-425 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Rental & Leasing Industry # 3
Services Sector # 13
Overall # 97

Operating Income TTM Y/Y Growth Statistics
High Average Low
412.92 %
7.29 %
-425 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 53
S&P 500 # 318




Other Operating Income Growth
Rental & Leasing Industry Operating Income Growth Trends and Statistics
Services Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
CAR's Operating Income Growth Ratio versus Rental & Leasing Industry, Services Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for CAR's Competitors
Operating Income Growth for Avis Budget Group Inc 's Suppliers
Operating Income Growth for CAR's Customers

You may also want to know
CAR's Annual Growth Rates CAR's Profitability Ratios CAR's Asset Turnover Ratio CAR's Dividend Growth
CAR's Roe CAR's Valuation Ratios CAR's Financial Strength Ratios CAR's Dividend Payout Ratio
CAR's Roa CAR's Inventory Turnover Ratio CAR's Growth Rates CAR's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Dec 31 2023 within Services SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Liberty Latin America Ltd -0.58%$ -0.582 millions
Innovative Industrial Properties inc -0.64%$ -0.640 millions
Cushman and Wakefield Plc-0.99%$ -0.990 millions
Comcast Corporation-1.02%$ -1.015 millions
Asgn Inc-7.74%$ -7.743 millions
Cable One Inc -8.26%$ -8.255 millions
Kforce Inc -9.19%$ -9.189 millions
Biglari Holdings Inc -9.44%$ -9.438 millions
Ryder System Inc -11.64%$ -11.641 millions
Msc Industrial Direct Co Inc -12.45%$ -12.449 millions
Sirius Xm Holdings Inc -12.79%$ -12.789 millions
Invitation Homes Inc -13.20%$ -13.202 millions
Herc Holdings Inc -13.46%$ -13.459 millions
Ziff Davis Inc -13.63%$ -13.630 millions
Aramark-16.38%$ -16.377 millions
Avis Budget Group Inc -16.79%$ -16.789 millions
Marriott Vacations Worldwide Corporation-16.86%$ -16.856 millions
Etsy Inc -17.14%$ -17.142 millions
Gladstone Commercial Corp-17.79%$ -17.786 millions
Matson inc -18.68%$ -18.683 millions
Expedia Group Inc -18.75%$ -18.750 millions
Nathans Famous Inc -18.87%$ -18.872 millions
Mrc Global Inc -20.00%$ -20.000 millions
Hilton Worldwide Holdings Inc -20.63%$ -20.635 millions
Kennedy wilson Holdings Inc -20.68%$ -20.685 millions
Rci Hospitality Holdings Inc -22.09%$ -22.091 millions
Xenia Hotels and Resorts Inc -22.30%$ -22.299 millions
Red Rock Resorts Inc -22.39%$ -22.387 millions
Casella Waste Systems inc -22.41%$ -22.411 millions
Yelp Inc-25.07%$ -25.069 millions




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