Avis Budget Group, Inc. (CAR)

The company now

Avis Budget Group was paid $650 million in cash on October 5, 2026, settling its lawsuit against Pentwater Capital Management to recover short-swing profits 24.

The company said the court approved the payment and that it expects to use a portion to repay the remaining $350 million of its 5.750% Senior Notes due 2027 before year end 4.

The company said the payment belongs in its fourth quarter financial statements 4.

In the second quarter of 2026, revenue was $3.0 billion and net income was $63 million 3.

Adjusted EBITDA, the company's own profit measure with several charges left out, was $286 million 3.

Revenue was $41 million lower than a year earlier, mainly because rental volume fell 2 percent 2.

Costs fell faster, mainly because fleet costs were lower 2.

Chief executive Brian Choi said the company resized its fleet as booking trends shifted, to protect utilization and returns 3.

In the six months to June 30, 2026, the net loss attributable to the company was $248 million, a loss $253 million smaller than a year earlier 2.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.