Appointed
Daniel Cunha
Chief Financial Officer
CAR ·
AVIS BUDGET GROUP, INC.
Daniel Cunha will become Chief Financial Officer of the Company, effective July 1, 2025.
CAR
AVIS BUDGET GROUP, INC.
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Ready 8-Ks
17
Latest filing
May 05, 2026 23:59 UTC
Top materiality
0.80
Event mix
debt ×7 · earnings ×4 · other_material ×3
Sentiment
3 pos · 2 neg · 12 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for CAR
Highest-materiality recent filing
Avis Budget Q4 net loss $856M, $518M EV impairment; FY revenue $11.7B
- 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.
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Avis Budget amends ABRCF fleet financing: Series 2010-6 to $2.628B, Series 2015-3 to $132M
Series 2010-6 facility increased from ~$2.227B to $2.628B; Series 2015-3 from ~$109M to $132M.
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Avis Budget Q1 2026: revenue $2.5B, net loss $234M, Adj. EBITDA loss $113M
Revenue of $2.5 billion; net loss of $234 million; Adjusted EBITDA loss of $113 million.
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Avis Budget Group enters ATM equity distribution agreement to sell up to 5M shares
Agreement with 10 sales agents allows sale of up to 5,000,000 shares of common stock.
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Avis Budget subsidiary issues $668.2M in asset-backed securities across two series
ABRCF issued Series 2026-1 and 2026-2 notes totaling $668.2M, secured by domestic fleet vehicles.
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Avis Budget derivative suits voluntarily dismissed; shareholder intervention deadline April 13, 2026
Plaintiffs Jones (filed June 6, 2025) and Dua (filed Sept 9, 2025) seek to voluntarily dismiss derivative suits without prejudice.
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Avis Budget Q4 net loss $856M, $518M EV impairment; FY revenue $11.7B
Q4 revenue $2.7B, net loss $856M, adjusted EBITDA $5M; rental days down 1% YoY.
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Avis Budget issues $965M ABS notes; repays existing $965M AESOP notes
Issued $965M in three tranches: $844M floating-rate Class A, $44M 5.65% Class B, $77M 7.35% Class C.
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Avis Budget Q3 revenue $3.5B, net income $360M; Adjusted EBITDA $559M
Revenue $3.5B; revenue per day (ex-FX) down 1%, rental days up 1% vs Q3 2024.
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Avis Budget issues $793.2M in asset-backed notes across two series with 3- and 5-year maturities
Series 2025-3: $199M Class A at 4.17%, $29.75M Class B at 4.46%, $21.25M Class C at 4.95%, $33.29M Class D at 6.42%, $15.6M Class R at 8.373%.
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Avis Budget amends cooperation agreement with SRS, raises voting cap to 45%
SRS voting cap increased from 35% to 45%; excess voting rights to be voted proportionally with other stockholders.
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Avis Budget Group files amended charter to revise director removal vote and officer exculpation
Stockholders at May 14, 2025 annual meeting approved amendments to the certificate of incorporation.
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Avis Budget Q2 revenue $3B, Adj EBITDA $277M; launches Avis First, Waymo partnership
Q2 revenues $3.0B, net income $5M, Adjusted EBITDA $277M.
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Avis Budget refinances $1.149B term loans with repriced facility due 2032
New Tranche B Term Loans of $1,148,864,850 to repay existing tranche B term loans outstanding.
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Avis Budget appoints Daniel Cunha as CFO; Izzy Martins departs June 30
Daniel Cunha becomes CFO effective July 1, 2025; Izzy Martins leaves on June 30 to pursue another opportunity.
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Avis Budget subsidiary issues $736.5M asset-backed notes in two series
ABRCF issued $283.3M Series 2025-1 notes (Class A 4.80%, B 5.24%, C 5.87%, D 7.48%) plus $318.4M Class A, $47.6M B, $34.0M C, $53.26M D in Series 2025-2 (rates 5.12%-7.84%).
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All six director nominees elected: Jagdeep Pahwa, Anu Hariharan, Bernardo Hees, Lynn Krominga, Glenn Lurie, Karthik Sarma.
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Avis Budget issues $600M of 8.375% Senior Notes due 2032 for refinancing
Issued $600M of 8.375% Senior Notes due June 15, 2032; interest payable semi-annually starting Dec 15, 2025.
Executive changes
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.60 · Most common event debt