{"schema_version":"secwatch.filing_event.v1","accession":"0000723612-23-000032","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.072141+00:00","generated_at":"2026-06-16T05:36:59.519057+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Avis Budget Q1 revenue $2.6B record; Adjusted EBITDA $535M, net income $312M","bullets":["Revenue $2.6B, up 5% YoY, a first-quarter record; revenue per day in-line with prior year.","Net income $312M; Adjusted EBITDA $535M (Americas $516M, International $50M, a Q1 record).","Utilization 68.4%, up 1 point YoY; most rental transactions in Q1 history.","Liquidity ~$1.4B plus $2.3B fleet funding capacity; no material debt maturities until late 2024.","CEO highlights strong demand from international inbound and commercial customers."],"urls":{"canonical":"https://secwatch.observer/filing/0000723612-23-000032","json":"https://secwatch.observer/filing/0000723612-23-000032.json","markdown":"https://secwatch.observer/filing/0000723612-23-000032.md","text":"https://secwatch.observer/filing/0000723612-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000032/0000723612-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000032/car-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:36:59.519057+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":"57589d3e34b83d46cbb619a3f3d63bb51ac999aa","claim":"AVIS BUDGET GROUP, INC. reported first quarter 2023 results: revenue $2.6 billion, net income $312 million.","evidence_excerpt":"2023 - Avis Budget Group, Inc. ( NASDAQ: CAR ) announced financial results for first quarter 2023 today. We ended the quarter with revenues 5% above the first quarter 2022, at $2.6 billion, driven by strong demand and revenue per day in-line with prior year. Net income was $312 million and our Adjusted EBITDA 1 was $535 million. Utilization was up a point compared","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361223000032/0000723612-23-000032-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$2.6 billion"},{"label":"Net income","value":"$312 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"}