Avis Budget Group Files 8-K on Financial Results
Ticker: CAR · Form: 8-K · Filed: Feb 12, 2024 · CIK: 723612
| Field | Detail |
|---|---|
| Company | Avis Budget Group, INC. (CAR) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-filing
TL;DR
**Avis Budget Group just dropped an 8-K on financial results, get ready for potential stock movement.**
AI Summary
Avis Budget Group, Inc. (CAR) filed an 8-K on February 12, 2024, to report its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing, potentially influencing stock price based on whether the results meet or exceed expectations.
Why It Matters
This filing provides investors with the latest financial performance data for Avis Budget Group, allowing them to assess the company's profitability and operational efficiency. Understanding these results is key to making informed decisions about buying, holding, or selling the stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently signal high risk.
Analyst Insight
A smart investor would review the full financial statements and results once they are available to understand the specifics of Avis Budget Group's performance and compare them against analyst expectations and historical data before making any investment decisions.
Key Numbers
- 001-10308 — Commission File Number (identifies Avis Budget Group, Inc. with the SEC)
- 06-0918165 — IRS Employer Identification Number (identifies Avis Budget Group, Inc. for tax purposes)
- 973-496-4700 — Business Phone Number (contact information for Avis Budget Group, Inc.)
- $0.01 — par value per share (par value of Avis Budget Group, Inc. Common Stock)
Key Players & Entities
- Avis Budget Group, Inc. (company) — the registrant filing the 8-K
- CAR (company) — the trading symbol for Avis Budget Group, Inc.
- February 12, 2024 (date) — the date of the earliest event reported in the 8-K
- Delaware (company) — state of incorporation for Avis Budget Group, Inc.
- The NASDAQ Global Select Market (company) — exchange where Avis Budget Group, Inc. Common Stock is registered
FAQ
What is the primary purpose of this 8-K filing by Avis Budget Group, Inc.?
The primary purpose of this 8-K filing, dated February 12, 2024, is to report on the company's "Results of Operations and Financial Condition" and to include "Financial Statements and Exhibits" as per Item Information.
On what date was the earliest event reported in this 8-K filing?
The Date of Report (Date of Earliest Event Reported) for this 8-K filing was February 12, 2024.
What is the trading symbol and the exchange where Avis Budget Group, Inc.'s Common Stock is registered?
Avis Budget Group, Inc.'s Common Stock trades under the symbol CAR and is registered on The NASDAQ Global Select Market.
What is the state of incorporation for Avis Budget Group, Inc.?
Avis Budget Group, Inc. is incorporated in Delaware.
What is the business address and phone number of Avis Budget Group, Inc. as stated in the filing?
The business address is 379 Interpace Parkway, Parsippany, NJ 07054, and the business phone number is (973) 496-4700.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-02-12 16:05:01
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 CAR The NASDAQ Global Select Market I
Filing Documents
- car-20240212.htm (8-K) — 24KB
- a03-prxpressreleasexq4f23.htm (EX-99.1) — 461KB
- abga27a.jpg (GRAPHIC) — 85KB
- 0000723612-24-000004.txt ( ) — 754KB
- car-20240212.xsd (EX-101.SCH) — 2KB
- car-20240212_lab.xml (EX-101.LAB) — 23KB
- car-20240212_pre.xml (EX-101.PRE) — 12KB
- car-20240212_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 12, 2024 , we reported our fourth quarter and full year 2023 results. Our fourth quarter and full year 2023 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 Exchange Act") or incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated February 12, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document). 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 hereunto duly authorized. AVIS BUDGET GROUP, INC. By: /s/ Cathleen DeGenova Cathleen DeGenova Vice President and Chief Accounting Officer Date: February 12, 2024