The Q1 results show a net loss and negative EBITDA, but operational metrics (revenue per day, utilization, free cash flow) improved. The insider sale is routine post-earnings and tiny relative to market cap. Monitor Q2 for sustained utilization and pricing momentum; the stock may react more to fleet cost trends and travel demand than to this cluster.
Price Chart
Executive Summary
Avis Budget Group reported Q1 2026 results with revenue of $2.5B but a net loss of $234M and negative Adjusted EBITDA of $113M. An EVP sold $1.29M in stock the day after earnings, while a 10% owner sold a trivial amount earlier in the week. The cluster is small relative to the $6.4B market cap (0.02%) and the insider sale is routine for an executive following a quarterly earnings release.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $2.5B, net loss of $234M, Adjusted EBITDA loss of $113M
- Revenue per day up 3% YoY in both Americas and International
- Vehicle utilization reached 70% in both segments, a 15-year Q1 record
- Adjusted free cash flow of $80M, improvement of $570M+ YoY
- EVP Linnen sold 7,083 shares at $182.05 for $1.29M on April 30
- 10% owner Pentwater sold 5 shares at $31.47 for $157 on April 23
- Total cluster value of $1.29M represents 0.02% of $6.4B market cap
- Prior 30-day insider activity: 10 sells totaling $227.8M
Financial Impact
Q1 net loss of $234M and negative Adjusted EBITDA of $113M on $2.5B revenue; insider sale of $1.29M is immaterial relative to market cap
Risk Factors
- Continued net losses and negative EBITDA could pressure liquidity if not reversed
- High competition and potential tariff/fleet cost inflation may weigh on margins
- Insider selling pattern (10 sells in 30d for $227.8M) suggests ongoing distribution by large holders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CAR-1777594608189 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $138.61 $133.84 | ▲ +3.44% | ▲ +2.53% | $111.22 (+19.76%) |
Jul 13, 2026 11w ago | Press Release | $159.78 $140.66 | ▲ +11.97% | ▲ +14.46% | $111.22 (+30.39%) |
Jun 22, 2026 14w ago | 8-K | $190.46 $159.52 | ▼ −16.24% | ▼ −17.40% | $111.22 (−41.60%) |
May 29, 2026 18w ago | 8-K | $169.36 $147.83 | ▼ −12.71% | ▼ −11.41% | $111.22 (−34.33%) |
Apr 23, 2026 23w ago | Insider Cluster | $229.14 $152.80 | ▼ −33.32% | ▼ −37.95% | $111.22 (−51.46%) |
Apr 22, 2026 23w ago | Press Release | $229.14 $152.80 | ▼ −33.32% | ▼ −37.95% | $111.22 (−51.46%) |
Mar 27, 2026 27w ago | 424B5 | $135.56 $182.01 | ▼ −34.27% | ▼ −21.67% | $111.22 (+17.96%) |
Mar 27, 2026 27w ago | S-3ASR | $135.56 $182.01 | ▲ +34.27% | ▲ +21.67% | $111.22 (−17.96%) |
Feb 20, 2026 32w ago | Insider Cluster | $96.47 $99.90 | ▲ +3.56% | ▲ +9.51% | $111.22 (+15.29%) |
Feb 20, 2026 32w ago | Insider Cluster | $96.47 $99.90 | ▲ +3.56% | ▲ +9.51% | $111.22 (+15.29%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access