{"schema_version":"secwatch.filing_event.v1","accession":"0000723612-25-000053","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.109437+00:00","generated_at":"2026-05-22T09:46:49.596340+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Avis Budget Q1 net loss $505M on $2.4B revenue; records $390M fleet charge, no further charges expected","bullets":["Q1 revenue $2.4B; net loss $505M; Adjusted EBITDA loss $93M; includes $390M non-cash fleet charge for Americas vehicle dispositions.","Americas Adjusted EBITDA loss $67M; International loss $3M, improved from $15M loss in prior year.","Issued $500M floating-rate term loan due Dec 2025; increased fleet funding capacity by $640M in April.","Liquidity over $1.1B with $3B additional fleet funding; management says no further fleet charges expected."],"urls":{"canonical":"https://secwatch.observer/filing/0000723612-25-000053","json":"https://secwatch.observer/filing/0000723612-25-000053.json","markdown":"https://secwatch.observer/filing/0000723612-25-000053.md","text":"https://secwatch.observer/filing/0000723612-25-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000072361225000053/0000723612-25-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000072361225000053/car-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T09:46:49.596340+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}