Every 8-K 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 8-K covers material events a company has to report between its quarterly 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.
Avis Budget Group, Inc. (CAR) reported that Ravi Simhambhatla, its Executive Vice President and Chief Digital & Innovation Officer, will be leaving the company. He will continue in his current role until September 30, 2026 to support a smooth transition.
The company expressed appreciation for his leadership and contributions over the past four years. No successor, compensation changes, or strategic shifts were described in this report.
Avis Budget Group reported second-quarter 2026 revenue of $2.998 billion, down 1% year over year, with net income attributable to the company of $35 million, total net income of $63 million, Adjusted EBITDA of $286 million (up 3%) and diluted EPS of $0.98.
Total vehicle utilization reached a record second-quarter 72.6% for the company and 73.2% in the Americas, while total per‑unit fleet costs per month declined 4% to $292. Revenue per day increased 1% year over year and rental days fell 2%. The company highlighted its autonomous vehicle partnership with Waymo in Dallas and several financing actions, including issuing $300 million of add-on senior notes, refinancing a $2 billion revolving credit facility to 2031 and adding a new $200 million facility. Quarter-end liquidity was about $1.0 billion, plus $1.9 billion of fleet funding capacity.
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. 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.
Avis Budget Group, Inc. amended and extended its Avis Budget Rental Car Funding (AESOP) LLC asset-backed variable-funding facilities that help finance its U.S. car rental fleet. The Series 2010-6 Notes facility’s aggregate amount (excluding Class R Notes) rose from approximately $2.227 billion to $2.628 billion, and the Series 2015-3 Notes facility increased from approximately $109 million to $132 million. These higher limits will be reduced by $438 million and $22 million, respectively, on November 1, 2026. The Class A notes for both series have a two-year term, while the Class B notes for both series have a one-year term.
Avis Budget Group reported first‑quarter 2026 results with revenue of $2.53 billion and a net loss of $283 million, narrower than a year ago. Loss before income taxes improved to $340 million from $677 million, while Adjusted EBITDA showed a loss of $113 million versus a $93 million loss in 2025.
Revenue rose 4% year over year, with 3% growth in the Americas and 9% in International. Revenue per day excluding exchange rates increased 3% in both regions, and vehicle utilization reached about 70% company‑wide, a first‑quarter record in over fifteen years. Adjusted free cash flow was $80 million, and liquidity totaled $915 million plus $2.9 billion of additional fleet funding capacity.
Avis Budget Group entered into an Equity Distribution Agreement that allows it to sell up to 5,000,000 shares of its common stock from time to time through or to a syndicate of sales agents in at-the-market offerings under an existing shelf registration.
Sales can be made on the Nasdaq Global Select Market, through market makers, or in negotiated transactions, with commissions to the agents capped at 2.00% of the gross sales price per share. The company may also sell shares to the agents acting as principals under separate terms agreements and can suspend the program at any time. Avis Budget expects to use any net proceeds for general corporate purposes.
Avis Budget Group reported that its subsidiary Avis Budget Rental Car Funding (AESOP) LLC issued $668.20 million of asset-backed securities on March 11, 2026. The notes have three- and five-year maturities and are secured by vehicles in the company’s U.S. rental fleet and related assets.
The issuance includes multiple tranches of Series 2026-1 and Series 2026-2 Class A, B, C and D notes with fixed interest rates ranging from 4.28% to 7.04%. ABRCF also issued $20.62 million of Series 2026-1 8.000% Class R notes and $15.25 million of Series 2026-2 8.522% Class R notes, which are subordinated and held by an affiliated leasing subsidiary to satisfy U.S. risk retention rules.
Avis Budget Group, Inc. filed a Form 8-K to furnish a court-ordered notice to shareholders about the proposed voluntary dismissal of two shareholder derivative actions in federal court in New Jersey. The notice explains that, unless another shareholder intervenes, the cases will be dismissed without prejudice.
Any Avis shareholder who owns common stock and wishes to pursue the claims or oppose dismissal may move to intervene in either action. Motions to intervene must be filed with the District Court for the District of New Jersey by April 13, 2026, and must follow the requirements of Federal Rule of Civil Procedure 24.
Avis Budget Group reported a challenging 2025, with heavy EV-related charges driving losses despite solid demand. For Q4 2025, revenue was $2.7 billion, with a net loss of $856 million and Adjusted EBITDA of $5 million. Full-year 2025 revenue was $11.7 billion, net loss was $995 million, and Adjusted EBITDA was $748 million, up 19% from 2024.
The company recorded $518 million of long-lived asset impairment and related charges tied to shortening the useful life of certain U.S. electric vehicle rental cars, significantly affecting results. Liquidity at year-end included about $818 million plus $2.1 billion of additional fleet funding capacity, while vehicle program debt reached $19.2 billion and corporate debt $6.1 billion.
Avis Budget Group, Inc. filed a current report to disclose that it has reported its third quarter 2025 results. The company states that the detailed financial and operating results for this period are contained in a press release dated October 27, 2025, which is attached as Exhibit 99.1 and incorporated by reference.
The disclosure is made under Item 2.02, covering results of operations and financial condition, and the company clarifies that this information, including Exhibit 99.1, is not deemed filed for liability purposes under the Exchange Act unless specifically incorporated into another filing.
Avis Budget Group, Inc. disclosed the filing of two supplemental documents titled Series 2025-3 Supplement and Series 2025-4 Supplement, each dated September 16, 2025, executed between the company and The Bank of New York Mellon Trust Company, N.A. acting as trustee and as Series 2025-3 and Series 2025-4 Agent respectively.
The filing lists these supplements as exhibits to an 8-K under the categories that include Entry into a Material Definitive Agreement and Creation of a Direct Financial Obligation. No financial amounts, interest terms, payment schedules, or other economic details are included in the provided text.
Avis Budget Group, Inc. reported the execution of a Second Amendment, dated September 5, 2025, to its Fourth Amended and Restated Cooperation Agreement dated December 23, 2022 among Avis Budget Group, Inc., SRS Investment Management, LLC and certain affiliates. The filing is on Form 8-K and lists the cover page formatted in Inline XBRL as Exhibit 101. The report is signed by Jean M. Sera, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary, dated September 8, 2025.
The document states the existence and execution date of the amendment but does not disclose the amendment's economic terms, specific governance changes, or other substantive provisions. Because those details are not included here, the immediate financial impact and any changes to rights or obligations remain unspecified.