secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0000723612-26-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000072361226000010/0000723612-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000072361226000010/car-20260218.htm
  HTML page:      https://secwatch.observer/filing/0000723612-26-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer