---
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"
generated_at: "2026-06-16T05:36:59.519057+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q1 revenue $2.6B record; Adjusted EBITDA $535M, net income $312M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-23-000032
- JSON: https://secwatch.observer/filing/0000723612-23-000032.json
- Plain text: https://secwatch.observer/filing/0000723612-23-000032.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported first quarter 2023 results: revenue $2.6 billion, net income $312 million.
  - Period: first quarter 2023
  - Revenue: $2.6 billion
  - Net income: $312 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361223000032/0000723612-23-000032-index.htm

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