---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-23-000051"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:32:53.355084+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Group Q3 2023 rev $3.6B, net income $627M, Adj EBITDA $907M; repurchased 2.2M shares

## Summary
- Revenue $3.6B, rental days up 5% YoY; record volumes in the Americas.
- Net income $627M; Adjusted EBITDA $907M (Americas $740M, International $196M).
- Repurchased ~2.2M shares for $487M during Q3.
- Issued €400M Senior Notes due 2030 to redeem €300M notes due Nov 2024; no near-term maturities until mid-2025.
- Liquidity ~$1.0B plus $1.1B fleet funding capacity; October trend strong.

## SEC filing metadata
- accession: 0000723612-23-000051
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361223000051/0000723612-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361223000051/car-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-23-000051
- JSON: https://secwatch.observer/filing/0000723612-23-000051.json
- Plain text: https://secwatch.observer/filing/0000723612-23-000051.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported third quarter 2023 results: revenue $3.6 billion, net income $627 million.
  - Period: third quarter 2023
  - Revenue: $3.6 billion
  - Net income: $627 million
  - Result: reported results
  source text: PARSIPPANY, N.J., November 1, 2023 - Avis Budget Group, Inc. ( NASDAQ: CAR ) announced financial results for third quarter 2023 today. We ended the quarter with revenues of $3.6 billion, driven by peak demand and seasonal revenue per day increases. Net income was $627 million and our Adjusted EBITDA 1 was $907 million. Our liquidity position at the end of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000072361223000051/0000723612-23-000051-index.htm

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