---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-26-000010"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:13:37.014342+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q4 net loss $856M, $518M EV impairment; FY revenue $11.7B

## Summary
- Q4 revenue $2.7B, net loss $856M, adjusted EBITDA $5M; rental days down 1% YoY.
- Full year revenue $11.7B, net loss $995M, adjusted EBITDA $748M.
- Recorded $518M impairment on US EV rental cars after shortening useful life.
- Sold EVs to JV, received $183M cash from monetization of tax credits.
- Issued $965M ABS (due June 2028) to pay fleet debt; liquidity $818M + $2.1B funding capacity.

## SEC filing metadata
- accession: 0000723612-26-000010
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361226000010/0000723612-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361226000010/car-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-26-000010
- JSON: https://secwatch.observer/filing/0000723612-26-000010.json
- Plain text: https://secwatch.observer/filing/0000723612-26-000010.txt

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