{"schema_version":"secwatch.filing_event.v1","accession":"0000723612-24-000004","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.760280+00:00","generated_at":"2026-06-06T04:33:51.158611+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 Group reports record FY2023 revenue of $12.0B; Q4 Adj. EBITDA $311M","bullets":["Full year 2023 revenue $12.0B (record); net income $1.6B; Adjusted EBITDA $2.5B (second highest).","Q4 2023 revenue $2.8B; net income $260M; Adjusted EBITDA $311M.","Paid one-time special dividend of $10 per share in Q4; repurchased 1.4M shares for $257M.","Issued $500M Senior Notes due 2031 to redeem €250M notes due 2025 and repay $200M Term Loan C.","Liquidity over $800M plus ~$900M fleet funding capacity; no meaningful maturities until 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000723612-24-000004","json":"https://secwatch.observer/filing/0000723612-24-000004.json","markdown":"https://secwatch.observer/filing/0000723612-24-000004.md","text":"https://secwatch.observer/filing/0000723612-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/0000723612-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/car-20240212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:33:51.158611+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":"178fff34533844e024f7b10ac87d8692dae6e878","claim":"AVIS BUDGET GROUP, INC. reported the fourth quarter ended December 31, 2023 results: revenue $2.8 billion, net income $260 million.","evidence_excerpt":"We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA 1 was $311 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/0000723612-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$2.8 billion"},{"label":"Net income","value":"$260 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7b489101944dc946bd87dcee764350f7f5886775","claim":"AVIS BUDGET GROUP, INC. reported the full year ended December 31, 2023 results: revenue $12.0 billion, net income $1.6 billion.","evidence_excerpt":"Full year revenues of $12.0 billion was a new record for the Company. Net income was $1.6 billion and Adjusted EBITDA was $2.5 billion, both second highest full year records for the Company.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/0000723612-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$12.0 billion"},{"label":"Net income","value":"$1.6 billion"},{"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"}