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Avis Budget 10-Q Filings

CAR NASDAQ

Every 10-Q that Avis Budget (CAR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CAR filings page.

Rhea-AI Summary

Avis Budget Group reported second-quarter 2026 revenues of $2,998 million, slightly below 2025, with income before income taxes of $73 million and net income attributable to the company of $35 million (basic EPS $1.00). For the first six months, revenues were $5,528 million and the net loss attributable to the company narrowed to $248 million. Adjusted EBITDA reached $286 million in the quarter and $173 million year to date, as lower per‑unit fleet costs and higher revenue per day offset softer rental volumes.

Operating cash flow for the first half was $1,066 million, funding significant fleet investment and vehicle programs. As of June 30, 2026, total assets were $32,328 million, including $21,465 million of assets under vehicle programs; corporate long‑term debt was $5,999 million and debt under vehicle programs $19,850 million, with stockholders’ equity at a negative $3,374 million, largely reflecting substantial treasury stock. The company disclosed a proposed $650 million cash settlement in a Section 16(b) action that will be recognized only if court approval and other conditions are satisfied, and vehicle purchase commitments of approximately $2.6 billion over the next 12 months.

Rhea-AI Summary

Avis Budget Group reported a larger operating loss for the first quarter of 2026 despite higher revenue. Revenue rose to $2.53 billion from $2.43 billion, driven mainly by higher revenue per day. Net loss attributable to the company narrowed to $283 million from $505 million, with diluted loss per share improving to $8.01 from $14.35.

Vehicle depreciation and lease charges dropped sharply to $664 million from $1.06 billion, reflecting lower fleet charges than 2025, but operating, selling, and interest costs increased. Adjusted EBITDA showed a loss of $113 million versus a $93 million loss a year earlier, as higher expenses more than offset revenue gains.

Rhea-AI Summary

Avis Budget Group (CAR) reported stronger Q3 2025 results. Revenue was $3.519 billion, up slightly from $3.480 billion a year ago. Net income rose to $360 million, and diluted EPS increased to $10.11 from $6.65, helped by lower vehicle depreciation and lease charges versus last year. The Americas remained the largest region with $2.621 billion of revenue, while EMEA grew to $742 million.

For the first nine months, revenue was $8.988 billion and the company recorded a net loss of $139 million, reflecting elevated fleet costs earlier in the year. Operating cash flow for the nine months was $2.859 billion. The balance sheet shows vehicles, net at $19.640 billion and vehicle program debt at $19.262 billion. Long‑term corporate debt increased to $6.020 billion following the issuance of $600 million of 8.375% Senior Notes due 2032 and the extension of the floating rate term loan to 2032. The company received a $114 million settlement distribution in September. As of October 22, 2025, shares outstanding were 35,196,992, and vehicle purchase commitments over the next 12 months were approximately $4.2 billion.