Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 7, 2025 - Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2025 today. We ended the quarter with revenues of $2.4 billion, net loss of $505 million, and an Adjusted EBITDA loss of $93 million. 1 During the first quarter, as anticipated, we recorded a non-cash fleet charge of $390 million related to the disposition of certain vehicles within the Americas. We do not expect further charges related to our ac ...

PARSIPPANY, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2025 today. We ended the quarter with revenues of $2.4 billion, net loss of $505 million, and an Adjusted EBITDA loss of $93 million. During the first quarter, as anticipated, we recorded a non-cash fleet charge of $390 million related to the disposition of certain vehicles within the Americas. We do not expect further charges related to our accelerated fleet rotation strate ...

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- 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=147119&from=3 CLASS PERIOD: February 16, ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Avis To Contact Him Directly To Discuss Their Options NEW YORK, May 7, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ: CAR) and reminds investors of the June 24, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been ...

NEW YORK, May 6, 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 16, 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-lawsu ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- 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 16, 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-budge ...

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from February 16, 2024, to February 10, 2025, seeking damages for misleading statements regarding the company's operations and financial prospects [1][7]. Group 1: Lawsuit Details - The class action was filed in the United States District Court for the District of New Jersey, seeking to recover damages for all persons and entities that purchased Avis Budget securities during the specified Class Period [1]. - Investors have until June 24, 2025, to request appointment as Lead Plaintiff for the class [2]. Group 2: Company Overview - Avis Budget, along with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services across various regions including the Americas, Europe, the Middle East and Africa, Asia, and Australasia [4]. - The company operates several brands, including Avis, Zipcar, and Budget, with a global rental fleet totaling approximately 695,000 vehicles in 2024 [4]. Group 3: Fleet Management and Financial Impact - Effective fleet management is crucial for Avis Budget's profitability, involving proper fleet rotation to avoid depreciation and high maintenance costs [5]. - Following the Covid-19 pandemic, Avis Budget slowed its fleet rotation due to higher vehicle prices, which allowed for better management of fleet costs [6]. - In Q4 2024, Avis Budget reported a significant loss of $1.96 billion, attributed to a change in strategy that accelerated fleet rotations, resulting in a one-time non-cash impairment of $2.3 billion [8]. - The company's CEO announced a transition to a Board Advisor role, with a new CEO taking over in July 2025, following the financial report that led to a 6.82% drop in stock price [8][9].

NEW YORK, May 5, 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=146613&from=4CLASS PERIOD: February 16, 2024 to ...

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. for misleading statements regarding its financial health and fleet management practices during the specified Class Period from February 16, 2024, to February 10, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit alleges that Avis Budget implemented a plan to accelerate fleet rotation, which shortened the useful life of its vehicles, leading to billions in impairment charges and substantial losses [5]. - It is claimed that the company's public statements regarding its financial and business prospects were materially false and misleading, resulting in investor damages when the true situation was revealed [5]. Group 2: Class Action Participation - Investors who purchased Avis Budget securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can submit a form online or contact the law firm directly for more information [3][6].

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. for misleading statements made during the Class Period from February 16, 2024, to February 10, 2025, which allegedly resulted in significant financial losses for investors [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Avis Budget implemented a plan to accelerate fleet rotation in Q4 2024, which shortened the useful life of vehicles and reduced their recoverable value [5]. - As a result of the accelerated fleet rotation, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [5]. - The lawsuit alleges that the misleading statements made by the defendants overstated Avis Budget's financial and business prospects, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Avis Budget securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][5]. - A lead plaintiff must move the Court by June 24, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].