---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-23-000042"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:29:41.918250+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q2 net income $436M, Adj. EBITDA $737M on $3.1B revenue

## Summary
- Revenues of $3.1B; rental days up 4% vs Q2 2022.
- Adjusted EBITDA: Americas $631M, International $126M; total $737M.
- Utilization 70.5%, up 50 bps YoY; fleet well-positioned for peak demand.
- Liquidity ~$1.1B plus $1.1B fleet funding capacity; no meaningful maturities until mid-2025.
- Issued €400M Senior Notes due 2030 to redeem €300M notes due 2024; voluntary $400M cash into vehicle programs.

## SEC filing metadata
- accession: 0000723612-23-000042
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2023-07-31T23:59:59+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/723612/000072361223000042/0000723612-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361223000042/car-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-23-000042
- JSON: https://secwatch.observer/filing/0000723612-23-000042.json
- Plain text: https://secwatch.observer/filing/0000723612-23-000042.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported second quarter 2023 results: revenue $3.1 billion, net income $436 million.
  - Period: second quarter 2023
  - Revenue: $3.1 billion
  - Net income: $436 million
  - Result: reported results
  source text: We ended the quarter with revenues of $3.1 billion, driven by strong demand and seasonal revenue per day increase. Net income was $436 million and our Adjusted EBITDA 1 was $737 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000072361223000042/0000723612-23-000042-index.htm

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