---
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"
generated_at: "2026-06-06T04:33:51.158611+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Group reports record FY2023 revenue of $12.0B; Q4 Adj. EBITDA $311M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/723612/000072361224000004/0000723612-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/car-20240212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-24-000004
- JSON: https://secwatch.observer/filing/0000723612-24-000004.json
- Plain text: https://secwatch.observer/filing/0000723612-24-000004.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported the fourth quarter ended December 31, 2023 results: revenue $2.8 billion, net income $260 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $2.8 billion
  - Net income: $260 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/0000723612-24-000004-index.htm
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported the full year ended December 31, 2023 results: revenue $12.0 billion, net income $1.6 billion.
  - Period: the full year ended December 31, 2023
  - Revenue: $12.0 billion
  - Net income: $1.6 billion
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361224000004/0000723612-24-000004-index.htm

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