Welcome to our dedicated page for Avis Budget news (Ticker: CAR), a resource for investors and traders seeking the latest updates and insights on Avis Budget stock.
Avis Budget Group, Inc. reports developments in global mobility services, including vehicle rental under the Avis and Budget brands, car sharing through Zipcar, and licensee operations in markets where it does not operate directly. The company operates most rental offices in North America, Europe and Australasia and describes its business through Americas and International segments.
Recurring news centers on quarterly results, fleet discipline, pricing, utilization, per-unit fleet costs and rental-day metrics. Updates also cover product and mobility initiatives such as Avis First, strategic fleet-management partnerships, customer-experience programs and fleet strategy changes, including disclosures tied to electric vehicle rental assets.
Avis Budget Group (NASDAQ: CAR) reported second quarter 2026 revenues of $2.998 billion, down 1% year over year, net income of $63 million (net income attributable to Avis Budget Group of $35 million), and Adjusted EBITDA of $286 million, up 3%. Diluted EPS was $0.98 versus $0.10 a year ago. Total Company vehicle utilization rose to 72.6%, up 1.9 points, while per‑unit fleet costs per month excluding exchange rates declined 4% to $290. Americas Adjusted EBITDA increased 8% to $237 million, partially offset by an 11% decline in International Adjusted EBITDA to $73 million.
According to Avis Budget Group, liquidity was about $1.0 billion, plus $1.9 billion of fleet funding capacity. The company issued $300 million of add‑on unsecured senior notes due 2031, refinanced its $2 billion senior revolving credit facility to June 2031, and added a new $200 million revolver maturing in 2028. For the first half of 2026, revenues were $5.528 billion, Adjusted EBITDA $173 million, and Adjusted Free Cash Flow $161 million.
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Avis Budget Group (NASDAQ: CAR) will release its second quarter 2026 financial results after the market close on Tuesday, July 28, 2026. The company will host a conference call for institutional investors to discuss the results on Wednesday, July 29, 2026 at 8:30 a.m. Eastern time, accessible via its investor relations website or by phone, with both webcast and telephone replays available.
Avis Budget Group (NASDAQ: CAR) priced a private offering of $300 million in additional 8.000% senior notes due 2031, issued at 100.500% of face value under its existing 2031 indenture.
Net proceeds, plus cash on hand, are intended to redeem part of its 5.750% senior notes due 2027 and cover related fees. The notes will be guaranteed on a senior unsecured basis and sold only to qualified institutional and certain non-U.S. investors.
Avis Budget Group (NASDAQ: CAR) plans, subject to market conditions, to offer $300 million of additional 8.000% Senior Notes due 2031 via its subsidiaries in a private placement. These notes will be senior unsecured obligations guaranteed by the parent and certain U.S. subsidiaries.
The company expects to use net proceeds, with cash on hand, to redeem part of its 5.750% Senior Notes due 2027 and pay related fees and expenses. The notes will be offered under Rule 144A and Regulation S and will not be registered under the Securities Act.
Avis Budget Group (NASDAQ: CAR) reported Q1 2026 results for the quarter ended March 31, 2026: revenues $2.5 billion, net loss $234 million, and an Adjusted EBITDA loss $113 million. Operational highlights included revenue-per-day +3% in Americas and International and vehicle utilization at a 1Q record of 70%.
Adjusted free cash flow was $80 million, liquidity totaled $915 million, and fleet funding capacity was $2.9 billion. Management cited tighter fleet discipline and improving pricing heading into the year.
Avis Budget Group (NASDAQ: CAR) will report its first quarter 2026 financial results on April 29, 2026 at 7:00 a.m. Eastern, followed by a conference call for institutional investors at 8:30 a.m. Eastern.
Investors can access the live call and webcast replay on the company’s Investor Relations site at ir.avisbudgetgroup.com. Telephone and webcast replays will be available; a phone replay runs from April 29, 2026 12:30 p.m. ET until May 13, 2026 10:00 p.m. ET (conference code 13760060).
Avis Budget Group (NASDAQ: CAR) reported fourth-quarter 2025 results on February 18, 2026: Q4 revenue $2.7 billion, Q4 net loss $856 million, and Q4 Adjusted EBITDA $5 million. For full year 2025, revenue was $11.7 billion, net loss $995 million, and Adjusted EBITDA $748 million.
The company recorded a $518 million impairment tied to certain U.S. EV rental vehicles, monetized $183 million in tax-credit proceeds, issued $965 million of asset-backed securities, and ended the quarter with ~$818 million liquidity plus $2.1 billion fleet funding capacity.
Avis Budget Group (NASDAQ: CAR) reported third quarter 2025 results with $3.5 billion of revenues, $360 million net income and $559 million Adjusted EBITDA. Revenue per day, excluding FX effects, was down 1% while rental days rose 1% versus Q3 2024. Americas Adjusted EBITDA was $398 million (vs. $384 million) and International Adjusted EBITDA was $190 million (vs. $139 million). The company amended a $1.1 billion floating rate term loan, extending maturity to July 2032. Liquidity at quarter end was nearly $1.0 billion with an additional $1.9 billion of fleet funding capacity. A conference call is scheduled for Oct 28, 2025 at 8:30 a.m. ET.
Avis Budget Group (NASDAQ: CAR) will report third quarter 2025 results after market close on Monday, October 27, 2025. The company will host a conference call for institutional investors on Tuesday, October 28, 2025 at 8:30 a.m. ET. Investors can access the live call and replay at ir.avisbudgetgroup.com or dial in at (877)-407-2991. A telephone replay is available from 12:30 p.m. ET on October 28, 2025 until 10:00 p.m. on November 11, 2025 at (877)-660-6853 using conference code 13756306. Investors are encouraged to dial in ~10 minutes early. Web replay will be posted after the call.