Avis Budget Group, Inc. will announce its second quarter 2026 financial results after the market close on Tuesday, July 28, 2026. The company will host a conference call for institutional investors to discuss these results on Wednesday, July 29, 2026, at 8:30 a.m. Eastern time.

Investors can access the call via the company’s Investor Relations website at ir.avisbudgetgroup.com or by dialing 877-407-2991. Participants are encouraged to dial in approximately 10 minutes before the start time.

A webcast replay will be available on the Investor Relations website following the call. A telephone replay will be accessible from 12:30 p.m. Eastern time on July 29, 2026, until 10:00 p.m. Eastern time on August 12, 2026, by dialing 877-660-6853 and using conference code 13761808.

Key Event Details

Avis Budget Group is a leading global provider of mobility solutions through its brands Avis, Budget, and Zipcar. The company operates approximately 10,000 rental locations in around 180 countries, with a strong presence in North America, Europe, and Australasia. It is headquartered in Parsippany, N.J.

Avis Budget Group, Inc. (NASDAQ: CAR) shares surged 11.23% to $163.44 in the regular session on Friday, driven by a significant restructuring of its debt facilities. The stock move followed a Wednesday filing detailing an Eleventh Amendment to Avis Budget's credit agreement, led by JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase & Co. (NYSE: JPM), as administrative agent. The amendment, which closed on Monday, refinances a $2 billion revolving loan facility and extends its maturity to 2031. It also establishes a new $200 million revolving facility maturing in 2028.

Credit Agreement Details

According to the SEC filing, BofA Securities, Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), Royal Bank of Canada (NYSE: RY) and several other banks served as joint lead arrangers on the deal. This financial engineering comes as the company navigates a market with notably high short interest, which Benzinga Pro data places at 61.6%, indicating significant bearish positioning and potential for volatility.

Analyst and Technical View

JP Morgan maintained its Underweight rating on CAR on Jun. 23, while raising its price target from $155 to $170. Avis Budget Group has a market capitalization of $18.24 billion, with a 52-week high of $847.70 and a 52-week low of $85.97. The Relative Strength Index (RSI) of CAR stands at 44.55. Over the past 12 months, the stock of the New Jersey-based company has dropped 9.86%, and it is currently positioned at about 10% of its 52-week range.

With short interest remaining elevated, the stock remains sensitive to broad improvements in risk appetite or sector-specific catalysts. The credit amendment provides extended liquidity, potentially altering the risk-reward calculus for both short sellers and long investors.