secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0000723612-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/0000723612-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000072361226000025/car-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000723612-26-000025

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