CARNasdaqServices-Auto Rental & Leasing (No Drivers)Fiscal year ends December 31
AVIS BUDGET GROUP, INC.
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$102.38−0.45 (-0.44%)
Close on Oct 19, 2026
- Market cap
- $3.61B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
42M of 35M shares
Institutional holders
302
68 new, 56 sold out
Net institutional buying
-8M
In Q2 2026
Insider trades, 12 months
1 buys · 127 sales
Net sold $3.47B
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Pentwater Capital Management LP | 7,824,100 | 22.20% | 13G (passive) amendment | Mar 31, 2026 |
| Susquehanna Securities, LLC | 2,712,446 | 7.70% | 13G (passive) | Jun 30, 2025 |
| Goldman Sachs & Co. LLC | 2,660,943 | 7.60% | 13G (passive) | Jun 30, 2025 |
| Matthew Halbower | 2,590,000 | 7.30% | 13G (passive) amendment | Apr 30, 2026 |
| SIG Brokerage, LP | 2,268,454 | 6.40% | 13G (passive) amendment | Sep 30, 2025 |
| Morgan Stanley | 1,971,874 | 5.60% | 13G (passive) | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CAR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| SRS Investment Management, LLC | 17,430,882 | 49.34% | $2.58B | – | 23.83% |
| UBS Group AG | 2,536,964 | 7.18% | $375.04M | −1,831,279 | 0.05% |
| Pentwater Capital Management LP | 2,513,300 | 7.11% | $371.54M | −4,535,000 | 2.27% |
| Morgan Stanley | 2,029,978 | 5.75% | $300.09M | −87,757 | 0.02% |
| Hsbc Holdings PLC | 1,676,860 | 4.75% | $247.77M | −25,672 | 0.10% |
| BlackRock, Inc. | 1,660,106 | 4.70% | $245.41M | +1,111 | 0.00% |
| Nomura Holdings Inc | 1,604,881 | 4.54% | $237.25M | +1,059,208 | 0.28% |
| National Bank Of Canada /Fi/ | 1,412,200 | 4.00% | $208.77M | +573,013 | 0.15% |
| Vanguard Capital Management LLC | 788,708 | 2.23% | $116.59M | +61,766 | 0.00% |
| Vanguard Portfolio Management LLC | 756,350 | 2.14% | $111.81M | +46,977 | 0.01% |
| SG Americas Securities, LLC | 722,063 | 2.04% | $106.74K | +720,544 | 0.06% |
| State Street Corp | 613,627 | 1.74% | $90.71M | −53,642 | 0.00% |
| Allianz Asset Management GmbH | 558,864 | 1.58% | $82.62M | +360,444 | 0.07% |
| CIBC Bancorp USA Inc. | 500,231 | 1.42% | $73.95M | −199,916 | 0.09% |
| Mizuho Markets Americas LLC | 500,000 | 1.42% | $73.92M | +100,000 | 1.16% |
| Cibc World Market Inc. | 500,000 | 1.42% | $73.92M | −200,000 | 0.12% |
| Natixis | 384,864 | 1.09% | $56.89M | +44,775 | 0.23% |
| Geode Capital Management, LLC | 355,125 | 1.01% | $52.51M | +4,285 | 0.00% |
| Discovery Capital Management, LLC / Ct | 353,848 | 1.00% | $52.31M | −194,829 | 2.17% |
| Bank Of Nova Scotia | 315,911 | 0.89% | $46.70M | +156,811 | 0.07% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 302 | 42M | 100.0% | 68 / 82 | 103 / 56 | 5M | 13M |
| Q1 2026 | 294 | 50M | 100.0% | 54 / 82 | 98 / 58 | 10M | 6M |
| Q4 2025 | 303 | 48M | 100.0% | 56 / 92 | 97 / 41 | 8M | 4M |
| Q3 2025 | 291 | 44M | 100.0% | 54 / 96 | 90 / 48 | 8M | 3M |
| Q2 2025 | 289 | 40M | 100.0% | 81 / 74 | 101 / 54 | 7M | 6M |
| Q1 2025 | 263 | 39M | 100.0% | 50 / 97 | 72 / 46 | 8M | 4M |
| Q4 2024 | 260 | 36M | 100.0% | 43 / 92 | 83 / 52 | 3M | 4M |
| Q3 2024 | 271 | 36M | 100.0% | 47 / 90 | 92 / 41 | 5M | 2M |
| Q2 2024 | 267 | 36M | 100.0% | 53 / 86 | 95 / 46 | 4M | 4M |
| Q1 2024 | 261 | 36M | 100.0% | 46 / 96 | 81 / 80 | 5M | 3M |
| Q4 2023 | 299 | 34M | 97.2% | 52 / 73 | 135 / 47 | 1M | 4M |
| Q3 2023 | 296 | 37M | 100.0% | 44 / 86 | 120 / 47 | 3M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CAR | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 579,744 | 1.64% | $85.70M | 0.07% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 560,873 | 1.59% | $82.91M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 405,201 | 1.15% | $59.90M | 0.03% | Jun 30, 2026 |
| PIMCO RAE US Small Fund | 276,426 | 0.78% | $40.86M | 1.08% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 256,596 | 0.73% | $37.93M | 0.06% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 194,515 | 0.55% | $28.76M | 0.03% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 87,402 | 0.25% | $15.37M | 0.04% | May 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF | 85,837 | 0.24% | $12.69M | 0.07% | Jun 30, 2026 |
| Schwab U.S. Small-Cap ETF | 81,356 | 0.23% | $14.31M | 0.06% | May 31, 2026 |
| iShares Russell Mid-Cap ETF | 73,471 | 0.21% | $10.86M | 0.02% | Jun 30, 2026 |
| Bridge Builder Large Cap Growth Fund | 73,342 | 0.21% | $10.84M | 0.04% | Jun 30, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 70,885 | 0.20% | $10.48M | 0.09% | Jun 30, 2026 |
| Schwab Fundamental U.S. Large Company ETF | 67,573 | 0.19% | $11.88M | 0.05% | May 31, 2026 |
| Fidelity Mid Cap Index Fund | 65,909 | 0.19% | $9.06M | 0.02% | Jul 31, 2026 |
| Invesco S&P MidCap 400 Revenue ETF | 54,324 | 0.15% | $9.55M | 0.77% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jagdeep Pahwa | Executive Chairman, Director | 8,918 | 0.03% | Mar 19, 2026 |
| Ravi Simhambhatla | EVP, CDIO - see remarks | 18,810 | 0.05% | Aug 11, 2026 |
| Daniel Crestian Cunha | EVP and CFO | 665 | 0.00% | Jul 27, 2026 |
| Christina M. Goldenberg | VP & Chief Accounting Officer | 324 | 0.00% | Jun 23, 2026 |
| Edward P. Linnen | EVP, Chief HR Officer | 41,428 | 0.12% | Apr 30, 2026 |
| Cathleen DeGenova | Chief Accounting Officer | 7,633 | 0.02% | Mar 19, 2026 |
| Jean M. Sera | SVP, GC, CCO & Corp. Sec. | 37,484 | 0.11% | Mar 19, 2026 |
| Brian J. Choi | Chief Executive Officer | 121,081 | 0.34% | Mar 19, 2026 |
| Izilda P. Martins | EVP and CFO | 33,743 | 0.10% | Mar 17, 2025 |
| Joseph A. Ferraro | President and CEO | 286,695 | 0.81% | Mar 17, 2025 |
| Glenn Lurie | Director | 17,609 | 0.05% | Feb 24, 2026 |
| Bernardo Hees | Director | 169,188 | 0.48% | Feb 24, 2026 |
| Anu Hariharan | Director | 5,363 | 0.02% | Feb 24, 2026 |
| Lynn Krominga | Director | 28,404 | 0.08% | Feb 24, 2026 |
| Capital Management LP Pentwater | 10% owner | 30,118,851 | 85.26% | May 12, 2026 |
| Matthew Halbower | 10% owner | 44,249,550 | 125.26% | May 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Ravi Simhambhatla EVP, CDIO - see remarks | Aug 7, 2026 | Sale | −276 | $140.27 | $38.71K | 18,810 |
| Ravi Simhambhatla EVP, CDIO - see remarks | Aug 7, 2026 | Sale | −1,490 | $139.53 | $207.90K | 19,086 |
| Ravi Simhambhatla EVP, CDIO - see remarks | Aug 7, 2026 | Sale | −2,936 | $138.27 | $405.96K | 20,576 |
| Ravi Simhambhatla EVP, CDIO - see remarks | Jul 26, 2026 | Tax withholding | −8,155 | $159.48 | $1.30M | 23,512 |
| Ravi Simhambhatla EVP, CDIO - see remarks | Jul 26, 2026 | Option exercise | +17,791 | – | – | 31,667 |
| Daniel Crestian Cunha EVP and CFO | Jul 23, 2026 | Tax withholding | −304 | $159.04 | $48.35K | 665 |
| Daniel Crestian Cunha EVP and CFO | Jul 23, 2026 | Option exercise | +969 | – | – | 969 |
| Edward P. Linnen EVP, Chief HR Officer | Apr 30, 2026 | Sale | −2,400 | $183.10 | $439.44K | 37,932 |
| Edward P. Linnen EVP, Chief HR Officer | Apr 30, 2026 | Sale | −7,083 | $182.05 | $1.29M | 40,332 |
| Ravi Simhambhatla EVP, CDIO - see remarks | Apr 30, 2026 | Sale | −3,469 | $184.09 | $638.61K | 13,876 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −137,058 | $264.60 | $36.27M | 4,610,042 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −374,839 | $278.44 | $104.37M | 4,747,100 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −38,596 | $278.44 | $10.75M | 5,121,939 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −78,563 | $278.44 | $21.88M | 5,160,535 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −1,039 | $278.44 | $289.30K | 5,239,098 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −6,963 | $278.44 | $1.94M | 5,240,137 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −474,345 | $290.38 | $137.74M | 5,247,100 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −48,841 | $290.38 | $14.18M | 5,721,445 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −99,419 | $290.38 | $28.87M | 5,770,286 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −15,664 | $264.60 | $4.14M | 4,594,378 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −2,627 | $264.60 | $695.10K | 4,591,751 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −176,728 | $264.60 | $46.76M | 4,415,023 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −86,822 | $264.60 | $22.97M | 4,328,201 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −1,341 | $290.38 | $389.40K | 5,869,705 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −7,602 | $257.31 | $1.96M | 6,169,498 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −8,813 | $290.38 | $2.56M | 5,871,046 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −17,241 | $290.38 | $5.01M | 5,879,859 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −140,300 | $250.61 | $35.16M | 5,897,100 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −14,446 | $250.61 | $3.62M | 6,037,400 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −29,406 | $250.61 | $7.37M | 6,051,846 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −436 | $250.61 | $109.27K | 6,081,252 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −2,606 | $250.61 | $653.09K | 6,081,688 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −22,806 | $250.61 | $5.72M | 6,084,294 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −46,767 | $257.31 | $12.03M | 6,107,100 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −4,815 | $257.31 | $1.24M | 6,153,867 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −9,802 | $257.31 | $2.52M | 6,158,682 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −145 | $257.31 | $37.31K | 6,168,484 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −869 | $257.31 | $223.60K | 6,168,629 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −843,201 | $264.60 | $223.11M | 3,485,000 |
| Capital Management LP Pentwater 10% owner | Apr 23, 2026 | Sale | −843,201 | $264.60 | $223.11M | 3,485,000 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −86,822 | $264.60 | $22.97M | 4,328,201 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −176,728 | $264.60 | $46.76M | 4,415,023 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −2,627 | $264.60 | $695.10K | 4,591,751 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −15,664 | $264.60 | $4.14M | 4,594,378 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −137,058 | $264.60 | $36.27M | 4,610,042 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −374,839 | $278.44 | $104.37M | 4,747,100 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −38,596 | $278.44 | $10.75M | 5,121,939 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −78,563 | $278.44 | $21.88M | 5,160,535 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −1,039 | $278.44 | $289.30K | 5,239,098 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −6,963 | $278.44 | $1.94M | 5,240,137 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −474,345 | $290.38 | $137.74M | 5,247,100 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −48,841 | $290.38 | $14.18M | 5,721,445 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −99,419 | $290.38 | $28.87M | 5,770,286 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −1,341 | $290.38 | $389.40K | 5,869,705 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −8,813 | $290.38 | $2.56M | 5,871,046 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −17,241 | $290.38 | $5.01M | 5,879,859 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −140,300 | $250.61 | $35.16M | 5,897,100 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −14,446 | $250.61 | $3.62M | 6,037,400 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −29,406 | $250.61 | $7.37M | 6,051,846 |
| Matthew Halbower 10% owner | Apr 23, 2026 | Sale | −436 | $250.61 | $109.27K | 6,081,252 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Simhambhatla Ravindra Officer | Aug 7, 2026 | 4,702 | $652.33K | Aug 7, 2026 | Stock Plan Activity |
| Linnen Edward Officer | Apr 30, 2026 | 9,483 | $1.73M | Apr 30, 2026 | Stock Plan Activity |
| Simhambhatla Ravindra Officer | Apr 30, 2026 | 3,469 | $638.42K | Apr 30, 2026 | Stock Plan Activity |
| Krominga Lynn Director | Feb 20, 2026 | 1,950 | $178.49K | Feb 20, 2026 | Stock Plan Activity |
| Ferraro Joseph officer | Sep 18, 2025 | 35,000 | $5.45M | Sep 12, 2025 | RSU vesting |
| Joseph A. Ferraro Officer | Sep 12, 2025 | 35,000 | $5.48M | Sep 12, 2025 | rsu vesting |
| Joseph A. Ferraro Officer | Aug 22, 2025 | 30,000 | $4.65M | Aug 22, 2025 | rsu vesting |
| Edward P. Linnen Officer | Aug 15, 2025 | 10,000 | $1.57M | Aug 15, 2025 | RSU Vesting |
| Joseph A. Ferraro Officer | Aug 4, 2025 | 30,000 | $4.95M | Aug 1, 2025 | RSU Vesting |
| Master Trust LLC BHJH Affiliate | Aug 4, 2025 | 402,200 | $65.99M | Aug 4, 2025 | Direct purchase (with company) |
| Lynn Krominga Director | Feb 18, 2025 | 2,066 | $196.27K | Feb 18, 2025 | Stock Bonus |
| Joseph A. Ferraro Officer | Dec 15, 2023 | 18,460 | $3.61M | Dec 15, 2023 | Vesting of Restricted Stock |
| Izilda P. Martins Officer | Dec 15, 2023 | 3,950 | $773.64K | Dec 15, 2023 | Vesting of Restricted Stock |
| Patrick K. Rankin Officer | Jun 13, 2023 | 14,917 | $3.02M | Jun 13, 2023 | Restricted Stock Unit Vesting |