---
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"
generated_at: "2026-05-15T02:32:46.783605+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q1 2026: revenue $2.5B, net loss $234M, Adj. EBITDA loss $113M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-26-000025
- JSON: https://secwatch.observer/filing/0000723612-26-000025.json
- Plain text: https://secwatch.observer/filing/0000723612-26-000025.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported first quarter ended March 31, 2026 results: revenue $2.5 billion, net income $234 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $2.5 billion
  - Net income: $234 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/0000723612-26-000025-index.htm

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