Welcome to our dedicated page for Avis Budget SEC filings (Ticker: CAR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Avis Budget Group, Inc. filings document the formal disclosure record for its common stock, listed on the Nasdaq Global Select Market under CAR, and for its global rental and mobility operations. Current reports cover operating results, non-GAAP measures, rental-day, revenue-per-day, vehicle-utilization and fleet-cost metrics across the Americas and International businesses.
Material-event filings also describe fleet financing through Avis Budget Rental Car Funding (AESOP) LLC, including asset-backed notes and variable-funding facilities secured primarily by domestic rental vehicles and related assets. Proxy materials cover annual meeting votes, board elections and governance matters, while current-report disclosures address equity distribution arrangements, capital structure, shareholder voting matters and fleet strategy items.
Avis Budget Group updated its main corporate credit facilities through an Eleventh Amendment to its existing credit agreement. The company refinanced its existing $2 billion revolving loan facility with a new $2 billion 2031 Revolving Facility, which now matures on June 29, 2031, subject to a springing maturity if certain long-term debt exceeds $300 million.
The Borrower also established a new $200 million 2028 Revolving Facility maturing on June 29, 2028, with a springing maturity tied to the same long-term debt threshold and to any legal settlement cash proceeds above $500 million. These changes reset the company’s revolving credit maturities and add additional committed liquidity capacity under revised terms.
Avis Budget Group, Inc. executive Christina M. Goldenberg, VP & Chief Accounting Officer, reported her initial ownership of company equity. She directly holds 324 shares of common stock and several grants of restricted stock units that convert into common stock on a one-to-one basis as they vest.
The filing lists restricted stock unit awards tied to 368, 400 and 111 underlying common shares, all held directly. Footnotes explain that some units vest in equal installments in March 2027 and 2028, with additional units vesting in March 2027, 2028 and 2029. The filing records holdings only and does not show any recent share purchases or sales.
Avis Budget Group, Inc. entered into a Settlement and Release Agreement with Pentwater Capital Management LP and certain affiliates to resolve a pending Section 16(b) short-swing profits action. The agreement provides for a $650,000,000 cash settlement amount, payable to Avis Budget Group, subject to court approval.
The court must issue an order approving the settlement terms, including findings that the company diligently pursued the claims and that the settlement amount is fair, reasonable and adequate, along with other customary conditions. The company notes that statements about the lawsuit and settlement are forward-looking and subject to risks, including the possibility the court does not approve the agreement.
Avis Budget Group, through its Avis Budget Rental Car Funding (AESOP) LLC subsidiary, issued $650 million of asset-backed securities on June 9, 2026. The financing is split between Series 2026-3 and Series 2026-4 notes with maturities of three and five years.
Series 2026-3 includes $182.50 million of Class A notes at 4.82%, $23.75 million of Class B at 5.21%, $16.25 million of Class C at 5.50%, and $27.50 million of Class D at 6.96%. Series 2026-4 includes $292 million of Class A at 5.09%, $38 million of Class B at 5.48%, $26 million of Class C at 5.87%, and $44 million of Class D at 7.67%.
ABRCF also issued subordinated risk-retention Class R notes of $13.75 million for Series 2026-3 at 8.429% and $22 million for Series 2026-4 at 9.134%, held by subsidiary AESOP Leasing L.P. The notes are secured by vehicles in the company’s domestic fleet and related assets under an existing Base Indenture structure.
Avis Budget Group, Inc., through subsidiaries Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., issued $300 million of new 8.000% Senior Notes due 2031 as additional notes to its existing 8.000% 2031 series.
The company plans to use the net proceeds from these new notes, together with cash on hand, to redeem a portion of its outstanding 5.750% Senior Notes due 2027 and to pay related fees and expenses. The notes mature on February 15, 2031, pay cash interest semi-annually on May 15 and November 15, and interest on the new notes accrues from May 15, 2026 with the first payment on November 15, 2026.
The notes are senior unsecured obligations guaranteed by Avis Budget Group, Avis Budget Holdings, LLC and specified wholly owned domestic restricted subsidiaries. The indenture includes optional redemption features (including an equity-funded redemption of up to 40% of the notes before November 15, 2026), a 101% change-of-control repurchase requirement, and customary covenants limiting dividends, liens, investments, asset sales, mergers and subsidiary designations.
Avis Budget Group, Inc. announced a leadership transition in its finance organization. The company appointed Tina Goldenberg as Vice President and Chief Accounting Officer, effective June 15, 2026, succeeding Cathleen DeGenova, who will retire from her role on June 14, 2026 and then advise the company through April 1, 2027.
Goldenberg, age 42, has held senior accounting and reporting roles at Avis Budget since 2013 and is a Certified Public Accountant. Under an offer letter dated May 26, 2026, she will receive an annual base salary of $270,000, be eligible for an annual incentive award targeted at 45% of base salary, and continue to participate in the company’s long-term incentive program.
Avis Budget Group, Inc. held its 2026 Annual Meeting of Shareholders, where six director nominees were elected to one-year terms expiring in 2027. Each nominee, including Jagdeep Pahwa and Anu Hariharan, received more than 26.6 million votes in favor, with relatively few votes against or abstentions.
Shareholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026, with over 28.2 million votes in favor. On an advisory basis, shareholders approved the compensation of the named executive officers, while a shareholder proposal seeking a majority voting standard and potential meeting adjournment failed by a wide margin.
Pentwater-managed funds reported derivative sales tied to Avis Budget Group. A group of investment funds advised by Pentwater Capital Management LP filed an amended Form 4 describing open-market sales of 444 call option contracts, each representing an obligation to sell Avis common stock at specified strike prices.
The options, all expiring on May 15, 2026, have strike prices of $400, $360, $350 and $340 per share and were sold at premiums ranging from $19.68 to $24.08 per option. The trades are attributed to entities including Pentwater Merger Arbitrage Master Fund Ltd., Pentwater Equity Opportunities Master Fund Ltd., Pentwater Credit Master Fund Ltd., Oceana Master Fund Ltd., LMA SPC MAP 98 Segregated Portfolio and Crown Managed Accounts SPC.
The filing amends and restates prior footnotes and states that the reporting persons disclaim beneficial ownership beyond their pecuniary interest. It also notes they are in discussions with Avis Budget Group and will voluntarily pay any realized short swing profits to the extent required under Section 16(b).
AVIS BUDGET GROUP, INC. (CAR) reported amended insider activity related to funds managed by Pentwater Capital Management LP. On April 23, 2026, these funds executed 30 open-market sales of call options on CAR common stock, totaling 792 option contracts, at prices ranging from $24.08 to $51.85 per contract.
The options are “call options (obligation to sell)” with exercise prices between $280 and $340 and expiration dates on May 15, 2026 and June 18, 2026. The filing states the reporting persons are in discussions with the issuer and will voluntarily pay any realized short swing profits required under Section 16(b).
Avis Budget Group, Inc. received an amended insider report from Pentwater-affiliated entities detailing derivative sales tied to its stock. Pentwater Capital Management LP and Matthew Halbower, each a ten percent owner, filed a Form 4/A covering call option positions held by various Pentwater-managed funds.
On April 23, 2026, these funds executed 30 open-market sales of call options referencing Avis Budget Group common stock, totaling 307 call option contracts. Sale prices ranged from $10.21 to $46.96 per contract, with conversion or exercise prices between $250 and $300 and expirations in April 2026 and June 2026. Footnotes state the trades were made by specific funds, such as Pentwater Merger Arbitrage Master Fund Ltd., Oceana Master Fund Ltd., and others, and that the options are exercisable at any time.
The reporting persons disclaim beneficial ownership beyond their pecuniary interest, if any. They also note they are in discussions with Avis Budget Group and, to the extent required under Section 16(b), will voluntarily pay any realized short swing profits.