Avis Budget Group, Inc. Class Action: The Gross Law Firm Reminds Avis Budget Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - CAR

1. Avis Budget faces allegations of misleading shareholders during 2024. 2. Class action lawsuit claims false statements on fleet rotation plans. 3. Significant impairment charges and losses anticipated due to fleet acceleration. 4. Company’s financial results and prospects considered overstated. 5. Shareholders have until June 24, 2025, to register for class action.

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FAQ

Why Very Bearish?

The allegations regarding misleading statements and subsequent financial liabilities create substantial risk. Historical cases show class actions can severely affect stock prices, as seen with Enron and other firms during fraudulent practices.

How important is it?

With significant financial implications outlined, the lawsuit could greatly affect CAR's stock value. The focus on misleading statements heightens scrutiny on future earnings.

Why Long Term?

The effective implications of the legal issues and financial adjustments may take time to fully manifest. Similar previous cases led to prolonged negative impacts on stock performance post-allegations.

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Notice to Shareholders of Avis Budget Group, Inc.

NEW YORK, June 16, 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=152940&from=4

Class Period:

February 16, 2024 to February 10, 2025

Allegations:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

(i) Avis Budget crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024;
(ii) the foregoing acceleration shortened the useful life of the majority of the Company's vehicles in the Americas segment, thereby reducing their recoverable value;
(iii) as a result, Avis Budget would be forced to recognize billions of dollars in impairment charges and incur substantial losses;
(iv) all the foregoing was likely to, and did, have a significant negative impact on the Company's financial results;
(v) accordingly, Avis Budget's financial and/or business prospects were overstated; and
(vi) as a result, defendants' public statements were materially false and misleading at all relevant times.

Deadline:

June 24, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=152940&from=4

Next Steps for Shareholders:

Once you register as a shareholder who purchased shares of CAR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 24, 2025. There is no cost or obligation to you to participate in this case.

Why Gross Law Firm?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

Source: The Gross Law Firm