Levi & Korsinsky Reminds Avis Budget Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - CAR

1. Avis Budget Group faces a class action lawsuit over alleged securities fraud. 2. The lawsuit claims substantial losses due to false statements on fleet rotation. 3. Investors can join the suit without upfront costs or fees. 4. The alleged fraud covers the period from February 13, 2024, to February 10, 2025. 5. Levi & Korsinsky has a strong track record in securities litigation.

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FAQ

Why Very Bearish?

The allegations could significantly undermine investor trust, similar to historical fraud cases impacting stock prices sharply.

How important is it?

The lawsuit's implications on financial health and investor sentiment make it crucial for CAR's stock.

Why Long Term?

The ongoing legal proceedings can affect CAR’s valuation and stability for a prolonged period, especially if impairment charges materialize.

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PRESS RELEASE

NEW YORK, June 24, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Avis Budget Group, Inc. ("Avis Budget" or the "Company") (NASDAQ: CAR) of a class action securities lawsuit.

CLASS DEFINITION:

The lawsuit seeks to recover losses on behalf of Avis Budget investors who were adversely affected by alleged securities fraud between February 13, 2024 and February 10, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/avis-budget-lawsuit-submission-form?prid=153943&wire=4

CAR investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS:

The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT'S NEXT?

If you suffered a loss in Avis Budget during the relevant time frame, you have until June 24, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU:

If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY:

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

SOURCE Levi & Korsinsky, LLP