Welcome to our dedicated page for Avis Budget news (Ticker: CAR), a resource for investors and traders seeking the latest updates and insights on Avis Budget stock.
Avis Budget Group, Inc. reports developments in global mobility services, including vehicle rental under the Avis and Budget brands, car sharing through Zipcar, and licensee operations in markets where it does not operate directly. The company operates most rental offices in North America, Europe and Australasia and describes its business through Americas and International segments.
Recurring news centers on quarterly results, fleet discipline, pricing, utilization, per-unit fleet costs and rental-day metrics. Updates also cover product and mobility initiatives such as Avis First, strategic fleet-management partnerships, customer-experience programs and fleet strategy changes, including disclosures tied to electric vehicle rental assets.
Avis Budget Group (NASDAQ: CAR) priced a private offering of $300 million in additional 8.000% senior notes due 2031, issued at 100.500% of face value under its existing 2031 indenture.
Net proceeds, plus cash on hand, are intended to redeem part of its 5.750% senior notes due 2027 and cover related fees. The notes will be guaranteed on a senior unsecured basis and sold only to qualified institutional and certain non-U.S. investors.
Avis Budget Group (NASDAQ: CAR) plans, subject to market conditions, to offer $300 million of additional 8.000% Senior Notes due 2031 via its subsidiaries in a private placement. These notes will be senior unsecured obligations guaranteed by the parent and certain U.S. subsidiaries.
The company expects to use net proceeds, with cash on hand, to redeem part of its 5.750% Senior Notes due 2027 and pay related fees and expenses. The notes will be offered under Rule 144A and Regulation S and will not be registered under the Securities Act.
Avis Budget Group (NASDAQ: CAR) reported Q1 2026 results for the quarter ended March 31, 2026: revenues $2.5 billion, net loss $234 million, and an Adjusted EBITDA loss $113 million. Operational highlights included revenue-per-day +3% in Americas and International and vehicle utilization at a 1Q record of 70%.
Adjusted free cash flow was $80 million, liquidity totaled $915 million, and fleet funding capacity was $2.9 billion. Management cited tighter fleet discipline and improving pricing heading into the year.
Avis Budget Group (NASDAQ: CAR) will report its first quarter 2026 financial results on April 29, 2026 at 7:00 a.m. Eastern, followed by a conference call for institutional investors at 8:30 a.m. Eastern.
Investors can access the live call and webcast replay on the company’s Investor Relations site at ir.avisbudgetgroup.com. Telephone and webcast replays will be available; a phone replay runs from April 29, 2026 12:30 p.m. ET until May 13, 2026 10:00 p.m. ET (conference code 13760060).
Avis Budget Group (NASDAQ: CAR) reported fourth-quarter 2025 results on February 18, 2026: Q4 revenue $2.7 billion, Q4 net loss $856 million, and Q4 Adjusted EBITDA $5 million. For full year 2025, revenue was $11.7 billion, net loss $995 million, and Adjusted EBITDA $748 million.
The company recorded a $518 million impairment tied to certain U.S. EV rental vehicles, monetized $183 million in tax-credit proceeds, issued $965 million of asset-backed securities, and ended the quarter with ~$818 million liquidity plus $2.1 billion fleet funding capacity.
Avis Budget Group (NASDAQ: CAR) reported third quarter 2025 results with $3.5 billion of revenues, $360 million net income and $559 million Adjusted EBITDA. Revenue per day, excluding FX effects, was down 1% while rental days rose 1% versus Q3 2024. Americas Adjusted EBITDA was $398 million (vs. $384 million) and International Adjusted EBITDA was $190 million (vs. $139 million). The company amended a $1.1 billion floating rate term loan, extending maturity to July 2032. Liquidity at quarter end was nearly $1.0 billion with an additional $1.9 billion of fleet funding capacity. A conference call is scheduled for Oct 28, 2025 at 8:30 a.m. ET.
Avis Budget Group (NASDAQ: CAR) will report third quarter 2025 results after market close on Monday, October 27, 2025. The company will host a conference call for institutional investors on Tuesday, October 28, 2025 at 8:30 a.m. ET. Investors can access the live call and replay at ir.avisbudgetgroup.com or dial in at (877)-407-2991. A telephone replay is available from 12:30 p.m. ET on October 28, 2025 until 10:00 p.m. on November 11, 2025 at (877)-660-6853 using conference code 13756306. Investors are encouraged to dial in ~10 minutes early. Web replay will be posted after the call.
Avis Budget Group (NASDAQ: CAR) reported Q2 2025 financial results with revenues of $3.0 billion, net income of $5 million, and Adjusted EBITDA of $277 million. The company announced two major strategic initiatives: the launch of Avis First, a premium car rental service offering curbside pickup and concierge service, and a strategic partnership with Waymo for autonomous ride-hailing operations in Dallas.
In Q2, Americas Adjusted EBITDA improved to $220 million from $186 million year-over-year, while International reached $82 million versus $48 million last year. The company strengthened its financial position by issuing $600 million in unsecured Senior Notes and amended its $1.1 billion floating rate term loan, extending maturity to 2032. Quarter-end liquidity stood at $950 million with additional fleet funding capacity of $1.7 billion.
Avis Budget Group (NASDAQ: CAR) has announced a strategic multi-year partnership with Waymo to launch and scale a fully autonomous ride-hailing service in Dallas. Under the agreement, Avis will serve as Waymo's fleet operations partner, providing infrastructure, vehicle readiness, maintenance, and depot operations.
The partnership marks Avis's evolution from a traditional rental car company to a fleet management provider for autonomous mobility. Initial testing is already underway, with the public launch scheduled for 2026. The collaboration positions Avis to leverage its core fleet management expertise in the growing autonomous vehicle sector, with plans to expand to additional cities in the future.
Avis Budget Group (NASDAQ: CAR) has scheduled its second quarter 2025 financial results announcement for July 29th, 2025, after market close. The company will host a conference call for institutional investors on July 30th, 2025, at 8:30 a.m. Eastern time.
Investors can access the call through the company's investor relations website or by phone. A web replay will be available on the IR website, and a telephone replay will be accessible from 12:30 p.m. ET on July 30th until 10:00 p.m. on August 13th.