---
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"
generated_at: "2026-06-19T16:56:54.852297+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Avis Budget posts record FY2022 revenue $12.0B, net income $2.8B; board adds $1B buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-23-000010
- JSON: https://secwatch.observer/filing/0000723612-23-000010.json
- Plain text: https://secwatch.observer/filing/0000723612-23-000010.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported full year ended December 31, 2022 results: revenue $12.0 billion, net income $2.8 billion.
  - Period: full year ended December 31, 2022
  - Revenue: $12.0 billion
  - Net income: $2.8 billion
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/0000723612-23-000010-index.htm
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported fourth quarter ended December 31, 2022 results: revenue $2.8 billion, net income $424 million.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $2.8 billion
  - Net income: $424 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361223000010/0000723612-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.