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NASDAQ NMS - GLOBAL MARKET · Road & Rail · CIK 0000723612
$101.55
+3.21% · live
Updated
$3.57B market value
From AVIS BUDGET GROUP, INC.'s FY2025 10-K, filed Feb 19, 2026 · read the filing
AVIS BUDGET repairs and services vehicles and equipment. It took in $11.65B last year, which makes it a large company. It spends more than it earns — losing about 8 cents on every dollar of sales.
The filing does not provide enough evidence for a clear financial conclusion.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -0.25
Recent open-market selling by Simhambhatla Ravi, not under a pre-arranged plan.
$652.6K sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Significant financial weakness across most measures.
From AVIS BUDGET GROUP, INC.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
-$1.82B → -$889.0M
Earnings per share
-$51.34 → -$25.32
Profit margin
-15.4% → -7.6%
Long-term debt
$5.37B → $6.05B
Measured against FY2024, from the 10-K filed Feb 19, 2026
Improved: $932.0M narrower
-$1.82B to -$889.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
CAR rose 3.21% on the latest quote. The S&P 500 moved −1.04%. That is 4.3 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 16 analysts covering this company, as of . Their views, not this site's.
Of 16 analysts publishing on this company, 9 say hold, 6 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $889.0M last year, losing about 8 cents on every dollar of sales.
No. Sales shrank 1.2% last year.
No. At its current cash flow it could clear its debt in about 1.7 years. For every $1 it owes, it owns $0.91 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $889.0M and generated $3.30B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 19, 2026Filing for FY2025 | FY202410-K · Feb 14, 2025Filing for FY2024 | FY202310-K · Feb 16, 2024Filing for FY2023 | FY202210-K · Feb 16, 2024Filing for FY2022 | FY202110-K · Feb 16, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $11.65B | $11.79B | $12.01B | $11.99B | $9.31B | −1.2% |
| Selling, general and administrative | $1.45B | $1.35B | $1.41B | $1.35B | $1.15B | +7.0% |
| Interest expense | $422.0M | $358.0M | $296.0M | $250.0M | $218.0M | +17.9% |
| Income before tax | -$929.0M | -$2.63B | $1.91B | $3.64B | $1.71B | +64.6% |
| Net income | -$889.0M | -$1.82B | $1.63B | $2.76B | $1.28B | +51.2% |
| Net marginNet income ÷ revenueWhat is this? | -7.6% | -15.4% | 13.6% | 23.0% | 13.8% | +7.8 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-25.32 | $-51.34 | $41.35 | $51.41 | $18.40 | +50.7% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| CARAVIS BUDGET GROUP, INC. · this page | 2.0/10 | 4/8 | -1.2% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 2,936 shares at $138.27 ($406.0K)
Holds 20,576 shares after this filing.
Sold on the open market — 1,490 shares at $139.53 ($207.9K)
Holds 19,086 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingWrite down why you are following AVIS BUDGET GROUP, INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 145 subsidiaries named in its 10-K, incorporated across 37 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from CAR's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 19, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 2.0 | 4/8 | 10-K, filed Feb 19, 2026 |
| FY2024 | 2.0 | 4/8 | 10-K, filed Feb 14, 2025 |
| FY2023 | 6.0 | 6/8 | 10-K, filed Feb 16, 2024 |
| FY2022 | 10.0 | 6/8 | 10-K, filed Feb 16, 2023 |
| FY2021 | 7.3 | 7/8 | 10-K, filed Feb 17, 2022 |
| FY2020 | 2.0 | 3/8 | 10-K, filed Feb 17, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
-0.25
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: $26.02 narrower
-$51.34 to -$25.32Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +7.8 pts
-15.4% to -7.6%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +12.6%
$5.37B to $6.05BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -1.0%
35.5M to 35.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q1 FY2026 against Q1 FY2025, from the 10-Q filed Apr 29, 2026 — read it.
Improved: $222.0M narrower
-$505.0M to -$283.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.6 pts
-20.8% to -11.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: $6.33 narrower
-$14.35 to -$8.02Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +10.9%
$5.43B to $6.02BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 15.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
| -7.6% |
| — |
| -10.99x |
| UBERUber Technologies, Inc | 8.0/10 | 7/9 | 18.3% | 19.3% | 14.21x | 1.25x |
|---|
| LYFTLyft, Inc. | 6.0/10 | 4/9 | 9.9% | 48.2% | 2.52x | 1.76x |
|---|
| Median of peers | 7.0/10 | — | 14.1% | 33.8% | 8.36x | 1.50x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Sold on the open market — 276 shares at $140.27 ($38.7K)
Holds 18,810 shares after this filing.
Exercised stock options — 17,791 shares
Holds 31,667 shares after this filing.
Had shares withheld to cover taxes — 8,155 shares at $159.48 ($1.3M)
Holds 23,512 shares after this filing.
Exercised stock options — 969 shares
Holds 969 shares after this filing.
Had shares withheld to cover taxes — 304 shares at $159.04 ($48.3K)
Holds 665 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 4,702 shares ($652.3K) on or after .
Shares originally obtained via Stock Plan Activity.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join
Quarterly report on Form 10-Q
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingQuarterly report for Q1 FY2026
Profit margin +9.6 pts · Profit $222.0M narrower · Earnings per share $6.33 narrower — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingReported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingMade a Regulation FD disclosure
Read the filingAnnual report for FY2025
Profit margin +7.8 pts · Profit $932.0M narrower · Earnings per share $26.02 narrower — against FY2024
Read the filingPublished results
Read the filingThe first 40 of 145. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-19. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research