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Sixt:Quarterly Results/2025 Q1: Difference between revisions
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* Buy, €95: Raj Jilka of Jefferies [https://www.finanzen.net/analyse/sixt_se_st_buy-jefferies_&_company_inc._995707 said] Sixt is likely to continue its solid growth, driven by market share gains in the US and key European markets. | * Buy, €95: Raj Jilka of Jefferies [https://www.finanzen.net/analyse/sixt_se_st_buy-jefferies_&_company_inc._995707 said] Sixt is likely to continue its solid growth, driven by market share gains in the US and key European markets. | ||
== Competitor results == | |||
[https://www.notion.so/Avis-Q1-2025-earnings-call-summary-1ed950cb7377804582f0ca00d25c93b9?pvs=4#1ed950cb737780219339da2bea5a662f Q1 2025 Avis Earnings Call Summary by GPT 4o Deep Research] | [https://finchat.io/company/NasdaqGS-CAR/investor-relations/Q1-2025/ Q1 2025 Avis Earnings Transcript] | |||
=== Avis budget group earnings call summary === | |||
==== Travel demand ==== | |||
* CEO Joseph Ferraro said '''travel demand played out as largely expected in Q1 2025''', primarily due to leisure activity. | |||
* Ferraro said they saw a pullback in commercial demand as they transitioned through the quarter. | |||
* Ferraro said '''forward bookings are up year-over-year'''. "From a volume standpoint, forward bookings are up over prior year with continued growth in leisure and a pullback in commercial demand similar to what we saw in the first quarter," he said. "And when you look further out, twenty two days, thirty days, the reservation demand in those are up. And if you look back at the pandemic or even during the recessionary periods of 'eight and 'nine, those were down," he added. | |||
* Ferraro pointed out that their international regions remain popular destinations for cross border travel. | |||
==== Pricing ==== | |||
* Ferraro said pricing was down 2% year-over-year, but improved sequentially. | |||
==== Used car demand and tariffs ==== | |||
* Ferraro said the demand for their used car in North America was strong during the quarter. "In fact, the number of risk vehicles we sold was the most in any quarter in our company's history. '''The used car residual market has performed well this quarter, partially due to the annual spring bounce and both new and used vehicle inventories being down, but also due to early reactions following the announced automotive tariffs," he said.''' | |||
* '''Ferraro said the residual value index for cars of their type is ahead of prior year highs.''' "The used car residual value index for cars of our type is currently well ahead of prior year highs and we plan to continue to capitalize on this favorable environment," he said. | |||
* Ferraro said the tariff situation is still evolving. | |||
==== Q1 2025 results ==== | |||
* Revenue and EBITDA reflected expected softer year-over-year performance driven by calendar shifts, including one less year due to leap year in 2024 and Easter moving into April 2025. | |||
* Avis reiterated its EBITDA guidance for at least $1 billion in 2025. | |||
=== Fleet utilization === | |||
* Ferraro said their fleet utilization rate in the Q1 was optimal for them. | |||
==== Competition ==== | |||
* Ferraro said their industry is highly competitive and that the intensity of the competition hasn't changed. | |||
* Ferraro pointed out that everyone has done a good job trying to augment demand with fleet size. | |||
== References == | == References == | ||