{ "ok": true, "cik": "723612", "ticker": "CAR", "name": "AVIS BUDGET GROUP, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/723612/000095014226002582/0000950142-26-002582-index.htm" }, { "form": "8-K", "filed": "2026-09-01", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/723612/000095014226002479/0000950142-26-002479-index.htm" }, { "form": "10-Q", "filed": "2026-07-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/723612/000072361226000039/0000723612-26-000039-index.htm" }, { "form": "8-K", "filed": "2026-07-28", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/723612/000072361226000037/0000723612-26-000037-index.htm" }, { "form": "8-K", "filed": "2026-07-01", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/723612/000095014226001951/0000950142-26-001951-index.htm" }, { "form": "8-K", "filed": "2026-06-22", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/723612/000072361226000032/0000723612-26-000032-index.htm" } ], "events12m": 17, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000723612.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=723612" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up AVIS BUDGET GROUP, INC. ($CAR). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-24. 17 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 11652000000, "revenueGrowth1y": -0.011621002629569888, "revenueGrowthPerYear": 0.05761528377795688, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.08539306556814281, "operatingCashFlow": 3296000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 519000000, "longTermDebt": 6049000000, "longTermDebtChange": 0.12581425646752287, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 9313000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 11994000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 12008000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 11789000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 11652000000 } ], "totalEquity": -3129000000, "totalAssets": 31257000000, "equityRatio": -0.1001055763508974, "returnOnEquity": null, "dividendsPaid": 0, "payoutRatio": null, "dividendPerShare": 10, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -25.25, "sharesOutstanding": 35200000, "bookValuePerShare": -88.89204545454545, "revenuePerShare": 331.02272727272725, "range80": { "low": 9648046315.827358, "high": 12812280125.63613, "baseline": 11528386529.150646, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.13156991017706923, "classVolatility": 0.06659579566308972, "volatility": 0.1042728182797465 }, "ifPaceHeld": { "low": 9648046315.827358, "high": 12812280125.63613 } }, "edgarette": "🔖 Exposure: revenue $11.7B (FY2025), total debt $6.0B. Experience: revenue down 1.2% on the year, up 5.8% a year over 4 years. Soundness: equity -10.0% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $9.6B and $12.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $8.5B to $14.4B. A range, not a forecast. Against peers (8 filers, $50M+ revenue, its industry group): growth -1.2% against 1.9%.", "peers": { "sic": 7510, "sicDescription": "Services-Auto Rental & Leasing (No Drivers)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "75", "growth": [ 0.0191, 8 ] }, "summary": "Avis Budget Group (CAR) saw revenue fall 1.2% in FY2025 to $11.7 billion, equity -10.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
AVIS BUDGET GROUP, INC. against its own record and its peers
Revenue, on the yearPeer median 1.9%-1.2%Equity of assets-10.0%No peer group large enough for a median
", "chartHorizon": null, "backtest": { "tests": 6, "hits": 3, "rate": 0.5, "method": "v4", "byYear": { "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:46.194Z", "hash": "ab007b0756aaafed", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Avis Budget Group (CAR) saw revenue fall 1.2% in FY2025 to $11.7 billion, equity -10.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 11652000000, "totalDebt": 6049000000, "cash": 519000000 }, "experience": { "revenueGrowth1y": -0.011621002629569888, "revenueGrowthPerYear": 0.05761528377795688, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.08539306556814281, "freeCashFlow": null }, "soundness": { "equityRatio": -0.1001055763508974, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": 10, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7510, "sicDescription": "Services-Auto Rental & Leasing (No Drivers)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "75", "growth": [ 0.0191, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 9648046315.827358, "high": 12812280125.63613, "baseline": 11528386529.150646, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.13156991017706923, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.1042728182797465, "k": 3 }, "stress": { "low": 8517751562.465723, "high": 14354535150.335875, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 3, "rate": 0.5, "method": "v4", "byYear": { "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:46.194Z", "hash": "ab007b0756aaafed", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000723612.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=723612" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }