NasdaqGS:CARTransportation
Why Avis Budget Group (CAR) Is Down 18.5% After a US$500 Million EV Fleet Write-Down
Avis Budget Group recently reported fourth-quarter and full-year 2025 results, posting US$2,664 million in Q4 sales and a full-year net loss of US$889 million after a large impairment on its electric vehicle fleet.
The company’s decision to shorten the economic life of certain EVs and record more than US$500 million in related write-downs marks a major reset of its fleet strategy and risk management approach.
We’ll now examine how this sizable EV fleet write-down and broader reset in fleet...