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

Avis Budget Group Q2 profit rises to $35 million as revenue dips 1% to $3.0 billion

Mixed Impact 3 of 5 earnings Written later

Avis Budget Group reported second quarter 2026 revenue of $2,998 million, down 1% from $3,039 million a year earlier. Net income attributable to the company rose to $35 million from $4 million, and Adjusted EBITDA rose 3% to $286 million, so profit improved while sales slipped.

Key points

  • Revenues $2,998 million vs. $3,039 million in Q2 2025, down 1%
  • Net income attributable to Avis Budget Group $35 million vs. $4 million; diluted EPS $0.98 vs. $0.10
  • Adjusted EBITDA $286 million vs. $277 million, up 3%; Total Company vehicle utilization 72.6%, up 1.9 points
  • Liquidity about $1.0 billion at quarter end; $300 million add-on senior notes due 2031 issued in May

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECJul 28, 2026, 4:10 PM ET
Accession number0000723612-26-000037

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 July 28, 2026.

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