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AI brief of an SEC Form 8-K · Avis Budget (CAR)

Avis Budget Group Q1 revenue rises 4% to $2.5 billion; net loss narrows to $283 million

Mixed Impact 3 of 5 earnings Written later

Avis Budget Group reported first quarter 2026 results on April 29, 2026. Revenue rose 4% to $2.5 billion and the net loss attributable to the company narrowed to $283 million from $505 million a year earlier, but the Adjusted EBITDA loss widened to $113 million from $93 million.

Key points

  • Revenue was $2,530 million, up 4% from $2,430 million in the first quarter of 2025.
  • Net loss attributable to Avis Budget Group was $283 million, or $8.01 per share, compared with $505 million, or $14.35 per share, a year earlier.
  • Adjusted EBITDA loss was $113 million, compared with a $93 million loss in the first quarter of 2025.
  • Adjusted free cash flow was $80 million, and liquidity at quarter end was $915 million.

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECApr 29, 2026, 7:01 AM ET
Accession number0000723612-26-000025

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.