Avis Budget Group (CAR)
NASDAQIndustrialsRental & Leasing ServicesSnapshot 2026-11-04
NASDAQIndustrialsRental & Leasing ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · CAR
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Results of Operations and Financial Condition. On November 3, 2026, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our third quarter 2026 results. Our third quarter 2026 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exch…
Other Events. On November 2, 2026, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., each a wholly-owned subsidiary of Avis Budget Group, Inc., delivered a notice for the redemption of all $350,000,000 aggregate principal amount outstanding of their 5.750% Senior Notes due July 2027 (the “Notes”). The Notes will be redeemed in full on December 30, 2026 (the “Redemption Date”) at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon…
Other Events. On October 5, 2026, Avis Budget Group, Inc. (the “Company”) was paid a settlement amount of $650,000,000 in cash (the “Settlement Amount”), pursuant to the previously reported Settlement and Release Agreement entered into on June 19, 2026 with Pentwater Capital Management LP and certain affiliated persons (“Pentwater”), to settle the Company’s lawsuit against Pentwater for the recovery of short-swing profits under Section 16(b) of the Securities Exchange Act of 1934. The payment…
Entry into a Material Definitive Agreement. On September 21, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of five years comprised of $474.5 million aggregate principal amount of Series 2026-5 5.69%, Class A notes, $61.75 million aggregate principal amount of Series 2026-5 5.95%, Class B notes, $47.125 million aggregate principal amount of Series 2026-5 6.44%, Class C notes and $66.…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
Executive Vice President and Chief Digital & Innovation Officer — Ravi Simhambhatla: The Executive Vice President and Chief Digital & Innovation Officer is resigning, representing a genuine departure of a senior officer, though the transition is described as smooth and the role is not the CEO or CFO.
Results of Operations and Financial Condition. On July 28, 2026, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our second quarter 2026 results. Our second quarter 2026 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Excha…
Entry into a Material Definitive Agreement. On June 29, 2026 (the “Closing Date”), Avis Budget Group, Inc. (the “Company”) and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC, as the Borrower (collectively, the “Avis Parties”), entered into the Eleventh Amendment (the “Eleventh Amendment”) to the Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto (as amended, restated or otherwise…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
Other Events. On June 19, 2026, Avis Budget Group, Inc. (the “Company”) entered into a Settlement and Release Agreement (the “Settlement Agreement”) with Pentwater Capital Management LP and certain affiliated persons (“Pentwater”) to settle its pending lawsuit against Pentwater for the recovery of short-swing profits under Section 16(b) of the Securities Exchange Act of 1934 (the “Section 16(b) Action”). Under the Settlement Agreement, the settlement amount is $650,000,000 in cash (the “Settl…
Entry into a Material Definitive Agreement. On June 9, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of three years and five years, respectively, comprised of $182.50 million aggregate principal amount of Series 2026-3 4.82%, Class A notes, $23.75 million aggregate principal amount of Series 2026-3 5.21%, Class B notes, $16.25 million aggregate principal amount of Series 2026-3 5.50…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
Other Events. On May 29, 2026, Avis Budget Car Rental, LLC (“ABCR”) and Avis Budget Finance, Inc. (together, the “Issuers”), each, a wholly-owned subsidiary of Avis Budget Group, Inc. (the “Company”), issued $300 million aggregate principal amount of 8.000% Senior Notes due 2031 (the “New Notes”). The New Notes were issued as additional notes pursuant to the Indenture, dated as of November 22, 2023 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of May 29…
Vice President and Chief Accounting Officer — Tina Goldenberg: Tina Goldenberg was promoted to Vice President and Chief Accounting Officer, succeeding Cathleen DeGenova who is retiring.
Entry into a Material Definitive Agreement. Avis Budget Rental Car Funding (AESOP) Facilities On April 30, 2026 (the “Closing Date”), Avis Budget Group, Inc.’s (the “Company”, “we” or “our”) Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) completed an amendment and extension of its asset-backed variable-funding financing facilities, which provide a portion of the financing for our car rental fleet in the United States. This financing is comprised of the Series 2010-6 Notes fac…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
Results of Operations and Financial Condition. On April 29, 2026, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our first quarter 2026 results. Our first quarter 2026 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchan…
Other Events. On March 27, 2026, Avis Budget Group, Inc. (the “Company”), entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) by and among the Company, on the one hand, and BofA Securities, Inc., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC (the “Sa…
Entry into a Material Definitive Agreement. On March 11, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $668.20 million of asset-backed securities with a maturity of three years and five years, respectively, comprised of $280.39 million aggregate principal amount of Series 2026-1 4.28%, Class A notes, $34.57 million aggregate principal amount of Series 2026-1 4.57%, Class B notes, $23.05 million aggregate principal amount of Series 2026-1…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
Results of Operations and Financial Condition. On February 18, 2026, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our fourth quarter and full year 2025 results. Our fourth quarter and full year 2025 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act…
Entry into a Material Definitive Agreement. On December 30, 2025 (the “Closing Date”), our Interpace Funding LLC subsidiary (“Interpace Funding”) issued $965 million of alternative funding asset-backed securities with a targeted two-year term and a maturity date of June 20, 2028, comprised of approximately $844 million of floating rate Class A Notes, $44 million of 5.65% Class B Notes and $77 million of 7.35% Class C Notes. The notes were issued under the Series 2025-1 Supplement, dated as of…
by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized. AVIS BUDGET GROUP, INC. By: /s/ Jean M. Sera Name: Jean M. Sera Title: Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary Date: January 5, 2026
Results of Operations and Financial Condition. On October 27, 2025, Avis Budget Group, Inc. (the “Company,” “we,” “our” or “us”) reported our third quarter 2025 results. Our third quarter 2025 results are discussed in detail in the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exch…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under
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