{"schema_version":"secwatch.filing_event.v1","accession":"0000723612-23-000010","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.893308+00:00","generated_at":"2026-06-19T16:56:54.852297+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Avis Budget posts record FY2022 revenue $12.0B, net income $2.8B; board adds $1B buyback","bullets":["Q4 revenue $2.8B (+8% YoY); net income $424M; Adjusted EBITDA $658M; utilization 67.0%.","Full-year revenue $12.0B (+29% YoY, record); net income $2.8B; Adjusted EBITDA $4.1B (records).","Americas segment FY Adj. EBITDA $3.7B; International $560M (both all-time highs).","Board approved $1.0B increase to share repurchase authorization; total remaining ~$1.7B.","Liquidity $1.6B plus $1.9B fleet funding capacity; no debt maturities until 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000723612-23-000010","json":"https://secwatch.observer/filing/0000723612-23-000010.json","markdown":"https://secwatch.observer/filing/0000723612-23-000010.md","text":"https://secwatch.observer/filing/0000723612-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/0000723612-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/car-20230213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T16:56:54.852297+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f5b67e7c343ace1562dd7ef7194767582e57aec","claim":"AVIS BUDGET GROUP, INC. reported full year ended December 31, 2022 results: revenue $12.0 billion, net income $2.8 billion.","evidence_excerpt":"was 67.0%, showing that our fleet continues to be well positioned to meet demand. Full year revenues increased 29% compared to the prior year and 31% compared to 2019, at $12.0 billion. Net income was $2.8 billion and Adjusted EBITDA was $4.1 billion, both full year records for the Company. Our liquidity position at the end of the quarter was approximately $1.6","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/0000723612-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"$12.0 billion"},{"label":"Net income","value":"$2.8 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bab78908a8e5c4cb49b275bca8238aa792ef9468","claim":"AVIS BUDGET GROUP, INC. reported fourth quarter ended December 31, 2022 results: revenue $2.8 billion, net income $424 million.","evidence_excerpt":"financial results for fourth quarter and full year ended December 31, 2022. We ended 2022 with fourth quarter revenues 8% above prior year and 28% above fourth quarter 2019, at $2.8 billion. Our revenues were driven by increased revenue per day and strong demand from both our commercial business and leisure holiday travel. Net income was $424 million and Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/0000723612-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$2.8 billion"},{"label":"Net income","value":"$424 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}