{"schema_version":"secwatch.filing_event.v1","accession":"0000723612-26-000025","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.679836+00:00","generated_at":"2026-05-15T02:32:46.783605+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 2026: revenue $2.5B, net loss $234M, Adj. EBITDA loss $113M","bullets":["Revenue of $2.5 billion; net loss of $234 million; Adjusted EBITDA loss of $113 million.","Revenue per day (ex-FX) up 3% in both Americas and International versus Q1 2025.","Vehicle utilization reached 70% for both segments, a first-quarter record in over 15 years.","Adjusted free cash flow of $80 million, improvement of $570+ million YoY.","Liquidity at $915 million, plus $2.9 billion fleet funding capacity; fleet costs flat at $351/mo."],"urls":{"canonical":"https://secwatch.observer/filing/0000723612-26-000025","json":"https://secwatch.observer/filing/0000723612-26-000025.json","markdown":"https://secwatch.observer/filing/0000723612-26-000025.md","text":"https://secwatch.observer/filing/0000723612-26-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/0000723612-26-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/car-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:32:46.783605+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":[{"claim_id":"36a608a2589aea5c1e229f5549a921a256498a5b","claim":"AVIS BUDGET GROUP, INC. reported first quarter ended March 31, 2026 results: revenue $2.5 billion, net income $234 million.","evidence_excerpt":"We ended the quarter with revenues of $2.5 billion, a net loss of $234 million, and an Adjusted EBITDA 1 loss of $113 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/0000723612-26-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$2.5 billion"},{"label":"Net income","value":"$234 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}