NEW YORK, May 1, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Avis Budget Group, Inc. (NASDAQ: CAR).Shareholders who purchased shares of CAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=146178&from=4CLASS PERIOD: February 16, 2024 to ...

SAN DIEGO, April 30, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Avis Budget Group, Inc. (NASDAQ: CAR) securities between February 16, 2024 and February 10, 2025. Avis Budget, with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers internationally. For more information, submit a form, email attorney Aaron Dumas, Jr. ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Avis Budget Group (CAR) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Avis Budget Group, Inc. (“Avis Budget” or the “Company”) (NASDAQ:CAR) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Avis Budget securities between February 16, 2024 and February 10, 2025, both dates inclusive (the “Class Period”) ...

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. for allegedly misleading investors regarding its strategy to accelerate fleet rotations, which led to significant financial losses and impairment charges [1][2]. Summary by Sections Allegations - Robbins LLP is investigating claims that Avis Budget failed to disclose a plan to significantly accelerate fleet rotations in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [2]. - The company is expected to recognize billions in impairment charges and incur substantial losses, negatively impacting its financial results and overstating its business prospects [2]. Financial Results - On February 11, 2025, Avis Budget reported disappointing financial results for Q4 and full year 2024, including a loss of $1.96 billion, or $55.66 per share, compared to a profit of $259 million, or $7.10 per share, in the same period the previous year [3]. - The loss was attributed to a change in strategy that resulted in a one-time non-cash impairment of $2.3 billion and additional non-cash charges of $180 million [3]. - Following the announcement, Avis Budget's stock price fell by $6.12 per share, nearly 7%, closing at $83.59 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by June 24, 2025, but participation is not required to be eligible for recovery [4].

NEW YORK, April 28, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Avis Budget Group, Inc. ("Avis Budget" or the "Company") (NASDAQ: CAR) and certain officers.  The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv-03332 , is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Avis Budget securities between February 16, 2024 and Fe ...

LOS ANGELES, April 28, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Avis Budget Group, Inc. ("Avis Budget" or "the Company") (NASDAQ: CAR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 16, 2024 and February 10, 2025, inclusive (the "Cla ...

ATLANTA, April 28, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Avis Budget Group, Inc. (“Avis Budget” or “the Company”) (NASDAQ: CAR). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (i) Avis Budget crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth qu ...

Core Viewpoint - The Avis Budget class action lawsuit alleges that the company and its executives made misleading statements regarding the financial health and operational strategies, leading to significant financial losses and impairment charges [3][4]. Group 1: Lawsuit Details - The class action lawsuit seeks to represent purchasers of Avis Budget Group, Inc. securities from February 16, 2024, to February 10, 2025 [1]. - The lawsuit is titled Merriam v. Avis Budget Group, Inc., and is filed in the District of New Jersey [1]. - The allegations include violations of the Securities Exchange Act of 1934 by Avis Budget and its top executives [1][3]. Group 2: Financial Impact - Avis Budget reported a loss of $1.96 billion, or $55.66 per share, for the fourth quarter of 2024, compared to a profit of $259 million, or $7.10 per share, for the same period in the previous year [4]. - The financial results were attributed to a strategy change that accelerated fleet rotations, resulting in a one-time non-cash impairment of $2.3 billion and additional non-cash charges of $180 million [4]. - Following the announcement of these results, Avis Budget's stock price fell nearly 7% [4]. Group 3: Management Changes - The lawsuit notes that CEO Joseph A. Ferraro will transition to a Board Advisor role effective June 30, 2025, with Brian Choi taking over as CEO on July 1, 2025 [4]. Group 4: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in the class action lawsuit, known for securing significant monetary relief for investors in securities fraud cases [6]. - The firm has recovered over $2.5 billion for investors in 2024 alone, highlighting its prominence in the field [6].

Core Points - Avis Budget Group, Inc. plans to report its first quarter 2025 results after market close on May 7th, 2025 [1] - A conference call for institutional investors will be held on May 8th, 2025 at 8:30 a.m. Eastern time to discuss the results [1] Company Overview - Avis Budget Group is a leading global provider of mobility solutions with approximately 10,250 rental locations in around 180 countries [3] - The company operates its car rental offices primarily in North America, Europe, and Australasia, while using licensees in other regions [3] - The Zipcar brand, part of Avis Budget Group, is recognized as the world's leading car sharing network [3]