$CAR

AVIS BUDGET GROUP, INC. (CAR) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. On October 5, 2026, Avis Budget Group, Inc. (the “Company”) was paid a settlement amount of $650,000,000 in cash (the “Settlement Amount”), pursuant to the previously reported Settlement and Release Agreement entered into on June 19, 2026 with Pentwater C

Hertz (HTZ) rose 16% to $2.08, rebounding from a record low, with no official announcement. Avis (CAR) gained 5%, and Ryder (R) increased 0.5%. Short interest in HTZ is at a record high, suggesting potential short covering. HTZ is down 60% YTD, while CAR is down 12%, and R is up 25%. The iShares U.S. Transportation ETF (IYT) fell 0.4%.

Avis Budget Group (CAR) reported Q2 2026 earnings with improved fleet utilization at 72.6%, up from 70.7% YoY, despite a 5% fleet reduction. Adjusted EBITDA rose 3% to $286M, and net income increased to $63M. Revenue declined 1% to $3B. Cost management and fleet efficiency helped offset weaker rental activity. Year-to-date, revenues rose 1%, but EBITDA fell 6%.

In September 2026, several industrial stocks experienced significant declines. Axon Enterprise (AXON) led with a -30.15% drop, followed by Karman Holdings (KRMN) at -27.89% and Equifax (EFX) at -27.54%. Other notable decliners included TransUnion (TRU) and Avis Budget Group (CAR).

AVIS BUDGET GROUP, INC. (CAR) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. On September 21, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of five years comprised of $474.5 million aggregate

Avis Budget Group (CAR) stock surged nearly 390% in April, driven by a short squeeze. Michael Burry called the rally 'dumb luck.' SRS Investment and Pentwater Capital collectively control more than the company's outstanding shares, including derivatives. Barclays downgraded CAR to 'Underweight,' raising its price target to $150. Short interest is at 86.2%, fueling volatility.

CAR Group's stock has fallen 35% from its 2025 peak due to AI concerns, despite CEO William Elliott's confidence in the company's moat. The company reported revenue of $1,253 million and EBITDA of $667 million, with international markets growing faster than Australia. Morningstar has noted AI's potential impact on CAR Group and similar companies.

AVIS BUDGET GROUP, INC. (CAR) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 1, 2026, Avis Budget Group, Inc. (the “Company”) announced that Ravi Simhambhatla, Executive Vice President an

Avis Budget Group (CAR) rose 5.33% to $145.48 on Monday, breaking key technical levels after a pre-market dip. The rally followed a Q2 earnings miss and potential short covering. Technical indicators show mixed signals, with daily overbought and weekly oversold readings. Key levels to watch include $146.40 (weekly R1) and $136.35 (daily S1).

ASX 200 closed at 9,115.20, down 0.8% on the day and 1.6% for the week, with miners weighing on the index. BHP fell 3.31% and Rio Tinto 3.14%. The Information Technology sector rose 2.83%. Seek gained 9.13%, while Mesoblast and 4DMedical fell. BHP is set to report next week’s FY results.