Avis Budget Group, Inc. bonds CAR
Who owns Avis Budget Group, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. CAR stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 053773BC0 | 5.75% fixed | 2027-07-15 | USD | 99.97 | 5.78% | 174 bp | 9 | $6.5M | Jul 2026 |
| 053773BE6 | 5.75% fixed | 2027-07-15 | USD | 100.05 | 5.69% | 166 bp | 9 | $11.8M | Jul 2026 |
| 053773BG1 | 4.75% fixed | 2028-04-01 | USD | 98.41 | 5.76% | 159 bp | 24 | $83.4M | Jul 2026 |
| G0680NAL3 | 7% fixed | 2029-02-28 | EUR | 100.70 | 6.67% | — | 4 | $9.3M | Jul 2026 |
| 053773BF3 | 5.375% fixed | 2029-03-01 | USD | 97.39 | 6.48% | 224 bp | 31 | $95.7M | Jul 2026 |
| 053773BJ5 | 8.25% fixed | 2030-01-15 | USD | 101.66 | 7.69% | 342 bp | 31 | $63.6M | Jul 2026 |
| 053773BH9 | 8% fixed | 2031-02-15 | USD | 99.85 | 8.04% | 372 bp | 45 | $77.7M | Jul 2026 |
| 053773BK2 | 8.375% fixed | 2032-06-15 | USD | 99.58 | 8.46% | 408 bp | 52 | $78.5M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 8 | $426.5M | 99.91 | 7.69% | 342 bp | 52 |
| Jun 2026 | 8 | $480.8M | 100.56 | 6.19% | 206 bp | 86 |
| May 2026 | 7 | $423.9M | 100.06 | 6.17% | 214 bp | 40 |
| Apr 2026 | 8 | $394.1M | 100.01 | 6.48% | 267 bp | 52 |
| Mar 2026 | 8 | $374.6M | 99.02 | 7.03% | 330 bp | 61 |
| Feb 2026 | 7 | $428.5M | 99.14 | 6.99% | 347 bp | 32 |
| Jan 2026 | 8 | $371.2M | 101.08 | 6.26% | 264 bp | 56 |
| Dec 2025 | 8 | $346.8M | 101.64 | 6.23% | 266 bp | 62 |
| Nov 2025 | 7 | $380.9M | 99.95 | 6.43% | 286 bp | 34 |
| Oct 2025 | 8 | $323.6M | 100.67 | 6.60% | 306 bp | 55 |
| Sep 2025 | 8 | $358.1M | 101.34 | 6.18% | 260 bp | 60 |
| Aug 2025 | 7 | $382.0M | 99.60 | 6.33% | 263 bp | 35 |
| Jul 2025 | 8 | $282.0M | 100.87 | 6.71% | 284 bp | 51 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 107 added, 66 cut, 41 new holders and 11 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $129.4M | $128.9M | $35.9M |
| American High Income Trust | 2026-06-30 | $89.7M | $90.0M | $9.4M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $62.4M | $62.0M | $2.0M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $58.6M | $58.6M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $55.9M | $55.8M | $25.2M |
| Income Fund of America | 2026-07-31 | $55.4M | $54.9M | -$4.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $52.4M | $52.8M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $47.0M | $47.1M | $1.8M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $42.1M | $42.4M | $1.0M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $36.4M | $35.9M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $27.7M | $27.7M | $5.9M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $27.3M | $27.1M | $1.5M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $24.1M | $23.8M | $3.0M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $22.4M | $22.3M | $4.8M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $18.8M | $18.8M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $18.4M | $18.4M | $7.6M |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $18.1M | $18.2M | $717K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $16.2M | $16.0M | -$2.0M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $15.5M | $15.8M | -$372K |
| The Hartford World Bond Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $14.8M | $14.6M | $475K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $14.3M | $14.5M | -$430K |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $14.2M | $14.3M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.9M | $13.9M | $4.4M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $12.2M | $12.5M | -$6.5M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $12.3M | $12.1M | -$4.8M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares iBonds 2027 Term High Yield and Income ETF ($3.0M), WisdomTree U.S. High Yield Corporate Bond Fund ($2.5M), First Trust High Yield Opportunities 2027 Term Fund ($2.1M), Goldman Sachs High Yield Fund ($2.1M), NYLIM VP Floating Rate Portfolio ($1.0M), AB Income Fund ($603K), Harbor Ares Systematic High Yield ETF ($516K), Old Westbury Credit Income Fund ($225K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($216K), BlackRock Global Allocation Fund, Inc. ($214K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 7 | $62.4M | $62.0M | 0.22% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $42.1M | $42.4M | 0.26% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 7 | $27.7M | $27.7M | 0.24% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 4 | $22.4M | $22.3M | 0.29% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 5 | $18.1M | $18.2M | 0.82% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 3 | $15.5M | $15.8M | 0.97% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $14.3M | $14.5M | 0.20% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 4 | $13.9M | $13.9M | 0.28% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $11.5M | $11.9M | 1.46% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 4 | $11.9M | $11.8M | 0.23% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 4 | $9.7M | $9.7M | 0.11% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $8.7M | $8.8M | 0.25% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 7 | $7.2M | $7.3M | 0.30% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 2 | $7.2M | $7.2M | 0.85% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 4 | $6.4M | $6.4M | 0.38% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 0.73: safer than 6% of companies (4th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.61B |
| Debt barrier (short-term + ½ long-term debt) | $3.64B |
| Equity volatility (1 year) | 112.1% |
| Asset value / asset volatility (solved) | $6.87B / 64.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 342 bp spread prices in about 5.7% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 0.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CAR's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 18 | $4.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 295 | $5.98B | 39 | $1.11B | 24 | $804.1M | 0 |
| 2026-03-31 | 279 | $7.03B | 28 | $439.8M | 16 | $312.2M | 0 |
| 2025-12-31 | 293 | $5.90B | 38 | $1.50B | 28 | $1.22B | 0 |
| 2025-09-30 | 285 | $7.01B | 35 | $2.68B | 31 | $2.15B | 0 |
| 2025-06-30 | 283 | $7.49B | 30 | $2.63B | 23 | $1.70B | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.