What move does the options market price into Avis Budget's report?

Implied ±23.9%, either direction · provisional.

CARNasdaqServices-Auto Rental & Leasing (No Drivers)

Avis Budget Group, Inc. (CAR) earnings date, market-implied expected move, and options open interest by expiry

109.34

−2.18 · −1.95%

post 100.14 −8.41%

After hours16:20 ETdelayed

Open111.99Volume713,654Mkt cap$3.9BEPS-18.01

Day97.51 – 112.0018%52-wk85.96 – 847.702%

CAR

Avis Budget Group, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±23.9%implied · straddle

84.91138.13

spot 111.52exp Feb 19ATM strike 110ATM straddle 31.30IV 65%

Nov 2 closeprovisional

Expected move

Inputs

News

Next report

Last report

Nov 3

after close

confirmedOct 30 close

Implied vs realized

Linked news

78dAIOT · supplierPowerFleet (AIOT) Q1 2027 Earnings Call Transcript

News

Largest filed tie

13F top-10 QoQ

+0.39%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

313 managers

Top fund weight

0.07%

CAR weight · MDY

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Avis Budget (CAR) is expected to report on Feb 17 after close (estimated date).

Implied vs realized

8 reports

—≥ implied

Oct 31 '24Oct 31 '24confirmed—▲+10.92%—

Feb 11 '25Feb 11 '25confirmed—▼−6.82%—

May 7 '25May 7 '25confirmed—▲+0.59%—

Jul 29 '25Jul 29 '25confirmed—▼−15.41%—

Oct 27 '25Oct 27 '25confirmed—▼−6.06%—

Feb 18 '26Feb 18 '26confirmed—▼−21.54%—

Q1 FY26Apr 29 '26confirmed—▼−0.47%—

Q2 FY26Jul 28 '26confirmed—▼−6.90%—

quarterimplied−25%0+25%realized×

Q2 FY26—▼−6.90%—

Q1 FY26—▼−0.47%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Nov 2 close

0.38OI · 9 expiries · Nov 2 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

437+2%Nov 63d0.64680+36%0.64

181+1%Nov 1310d0.94193+7%0.94

3,243+3%Nov 2017d0.714,5670%0.71

86+1%Nov 2724d0.30282+1%0.30

300%Dec 431d1.30230%1.30

0—Dec 1138d—0——

10,7550%Dec 1845d2.604,1430%2.60

10,212−1%Jan 1573d1.218,4600%1.21

report · Feb 17 · after close · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 63d437+2%680+36%0.64

Nov 1310d181+1%193+7%0.94

Nov 2017d3,243+3%4,567

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±23.9%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

2.10%as filednet margin · revenue +18.50% QoQ · −1.35% YoY

Revenue

$3.0B+18.50% QoQ

Gross profit

$3.0B+18.50% QoQ

100.00% margin

Operating income

$181M+178.35% QoQ

6.04% margin

Pre-tax income

$73M+121.47% QoQ

Net income

$63M+126.92% QoQ

2.10% margin

Operating expenses

$2.8B+2.03% QoQ

SG&A $1.9B

Depreciation $643M

Other operating $242M

Other operating $21M

Other expense

$108M

Tax

$10M+109.43% QoQ

Revenue$3.0B+18.50%

Gross profit

$3.0B+18.50%

100.00% margin

Operating income

$181M+178.35%

6.04% margin

Pre-tax income

$73M+121.47%

Net income

$63M+126.92%

2.10% margin

Cost of revenue

Operating expenses

$2.8B+2.03%

SG&A $1.9B

Depreciation $643M

Other operating $242M

Other expense

$108M

Tax$10M+109.43%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:15 ET

Intraday

Event sensitivity

CPROF ×1.57· ±4.5% vs ±2.9% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±4.5%7 of 12×1.57

GDPgross domestic product±3.3%9 of 19×1.15

FOMCrate decision±3.2%10 of 24×1.09

NFPjobs report±2.9%7 of 10×1.02

PPIproducer prices±2.4%4 of 10×0.82

CPIconsumer prices±2.2%5 of 10×0.76

PCEpersonal income & outlays±1.7%6 of 19×0.59

Bar = avg |move| to ±5% · tick = ±2.9% avg day · ×base = |move| ÷ ±2.9% · min 6 releases

Earnings history

EPS 0.98 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 28 '26 · confirmed	0.98	—
Q1 FY26	Apr 29 '26 · confirmed	-8.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod