FiNews

Verra Mobility Receives Termination Notice from Avis Budget

Author: Ceren Kaya

Verra Mobility Receives Termination of Agreement Notice from Avis Budget Group

Verra Mobility Corp (NASDAQ: VRRM) announced it has received a termination of agreement notice from Avis Budget Group. The company is taking steps to reduce costs and re-allocate resources.

2026 Outlook Revised

Following the termination notice, Verra Mobility revised its 2026 outlook. New estimates include revenue of $985-995 million, adjusted EBITDA of $380-385 million, and adjusted EPS of $1.19-1.25.

The termination is expected to reduce 2026 commercial services revenue by $135-145 million. The company is reviewing its contractual rights and obligations.

Impacted Symbols

Symbols affected by this headline and their sentiment signals

VR
VRRMNegative

Verra Mobility Corporation

The termination of the agreement with Avis Budget Group will reduce Verra Mobility's 2026 revenue by $135-145 million, and the company revised its outlook downward.

Impact score90%

The news, analyses, and comments on this platform do not constitute investment advice. When making investment decisions, you should conduct your own research and consult with a qualified financial advisor if necessary. FiNews cannot be held responsible for any losses that may arise from the use of this information.

Verra Mobility Receives Termination Notice from Avis Budget - FiNews