---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-25-000076"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:16:15.428003+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q3 revenue $3.5B, net income $360M; Adjusted EBITDA $559M

## Summary
- Revenue $3.5B; revenue per day (ex-FX) down 1%, rental days up 1% vs Q3 2024.
- Americas Adjusted EBITDA $398M (up from $384M); International $190M (up from $139M).
- Liquidity ~$1.0B, fleet funding capacity $1.9B; amended $1.1B term loan maturing 2032.
- CEO Brian Choi cites return to revenue growth and continued investment in innovation.

## SEC filing metadata
- accession: 0000723612-25-000076
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361225000076/0000723612-25-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361225000076/car-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-25-000076
- JSON: https://secwatch.observer/filing/0000723612-25-000076.json
- Plain text: https://secwatch.observer/filing/0000723612-25-000076.txt

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