---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-24-000030"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:30:05.738430+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q1 net loss $113M on $2.6B revenue; Adjusted EBITDA $12M

## Summary
- Net loss of $113 million; Adjusted EBITDA of $12 million on revenue of $2.6 billion.
- Americas segment Adjusted EBITDA $44 million; International loss $15 million.
- Rental days up 5% YoY; record vehicle disposals to align fleet size.
- Issued €600M senior notes due 2029, repaid €350M notes due 2026.
- Liquidity $0.7B plus $3.8B fleet funding capacity; no maturities until 2027 after April repayment.

## SEC filing metadata
- accession: 0000723612-24-000030
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361224000030/0000723612-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361224000030/car-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-24-000030
- JSON: https://secwatch.observer/filing/0000723612-24-000030.json
- Plain text: https://secwatch.observer/filing/0000723612-24-000030.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported first quarter 2024 results: revenue $2.6 billion, net income $113 million.
  - Period: first quarter 2024
  - Revenue: $2.6 billion
  - Net income: $113 million
  - Result: reported results
  source text: Results PARSIPPANY, N.J., May 1, 2024 - Avis Budget Group, Inc. ( NASDAQ: CAR ) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA 1 was $12 million. Our liquidity position at the end of the quarter was approximately $0.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000072361224000030/0000723612-24-000030-index.htm

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