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.
Pentwater Capital Management LP and Matthew Halbower, as reporting persons for various Pentwater funds, reported a series of open-market sales of Avis Budget Group (CAR) common stock. Across April 22–23 2026, the funds sold an aggregate of about 1,852,642 shares.
The common stock sales occurred at prices including $438.74 per share on April 22 2026 and in ranges such as $250.61–$290.38 per share on April 23 2026. In addition, the funds sold multiple call options (obligations to sell) on Avis Budget common stock with strike prices between $220 and $310 per share, collecting option premiums such as $20.06–$30.28 per option and creating obligations on specified numbers of underlying shares.
All positions are reported as indirect holdings by named funds including Pentwater Merger Arbitrage Master Fund Ltd., Pentwater Equity Opportunities Master Fund Ltd., Pentwater Credit Master Fund Ltd., Oceana Master Fund Ltd., Crown Managed Accounts SPC and LMA SPC. The reporting persons disclaim beneficial ownership beyond their pecuniary interest and state 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).
Pentwater-managed funds reported significant open-market sales of Avis Budget Group common stock and related call options. On April 22, 2026, various funds advised by Pentwater Capital Management sold an aggregate of 1,643,913 shares of Common Stock at prices ranging from $438.74 to $702.24 per share, leaving combined indirect holdings of about 7.8 million shares across the funds noted in the filing.
On April 23, 2026, the same fund complex recorded multiple sales of Call Options (obligation to sell) on Avis Budget common stock, with exercise prices between $260.00 and $320.00 and expirations in early May 2026. All positions are held indirectly by entities such as Pentwater Merger Arbitrage Master Fund Ltd., Oceana Master Fund Ltd., and others, not by Pentwater Capital Management LP or Matthew Halbower personally.
The footnotes state that Pentwater Capital Management LP and Matthew Halbower each disclaim beneficial ownership except to the extent of any pecuniary interest. They also note that the reporting persons are in discussions with Avis Budget Group and, if required under Section 16(b), will voluntarily pay any realized short swing profits, and that this amended Form 4 restates prior footnotes.
Jane Street Group, LLC and affiliated entities reported beneficial ownership of 75,179 shares of Avis Budget Group, Inc. The position represents 0.2% of the class as disclosed for the reporting period ending 03/31/2026. The filing shows shared voting and dispositive power of 75,179 shares across the reporting entities.
Avis Budget Group, Inc.: Schedule 13G/A amendment reporting a passive ownership stake. Pentwater Capital Management and Matthew Halbower report beneficial ownership of 2,590,000 shares, representing 7.3% of common stock based on 35,324,986 shares outstanding as of April 22, 2026. The shares are held by the Pentwater Funds; shared voting and dispositive power are reported. The filing clarifies ownership and attribution by the Investment Manager and Mr. Halbower.
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 executive Ravi Simhambhatla reported an open-market sale of company stock. On the reported date, he sold 3,469 shares of Common Stock at a weighted average price of $184.09 per share, with individual sale prices ranging from $184.09 to $184.25. After these transactions, he directly holds 13,876 shares of Avis Budget Group Common Stock.
Avis Budget Group EVP and Chief HR Officer Edward P. Linnen sold 9,483 shares of CAR common stock in open-market transactions on 2026-04-30. The shares were sold in two blocks at weighted average prices of about $182.05 and $183.10. Footnotes note that sale prices ranged from $182.00 to $183.11, and Linnen continues to hold a meaningful direct equity stake after these trades.
CAR submitted a Form 144 notice reporting proposed sales of Common Stock to be effected through Merrill Lynch (address shown). The notice lists proposed sale activity tied to stock plan entries dated 03/09/2023 and 12/30/2025, and identifies 04/30/2026 as a transaction date shown on the form.
CAR submitted a Form 144 notice reporting proposed transactions in Common stock tied to stock plan activity. The filing lists multiple dated entries: 347, 518, 1,002, and 1,602 associated with dates from 07/26/2023 through 07/26/2025.
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.