Avis (CAR): FY26 Q2 earnings call, Jul 29, 2026

…in the strategic direction of the company. First, on Pentwater. You will recall that last quarter I spent time addressing the volatility in our stock…

…reflecting stronger operating execution across the network. Even with continued no-fix recall constraints, Americas utilization reached 73.2%, our highest second-quarter utilization level in…

…RPD in isolation. This quarter, we also continued to manage through significant recall-related constraints. Like the broader industry, we were impacted by extensive recall campaigns…

…the approximately 15,000 grounded vehicles we exited 2025 with. Year to date, recalls have represented more than $50 million of directly attributable costs before considering…

That's helpful. Just to follow up on recalls, a 3-point headwind utilization in 2Q. Could you give us any visibility on how you might see…