Shareholders of Avis Budget Group, Inc. Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights – CAR

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Avis Budget Group, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose significant financial impacts related to fleet rotation and vehicle impairment charges [1][3]. Summary by Relevant Sections Class Action Details - The class period for the lawsuit is from February 16, 2024, to February 10, 2025 [3]. - Shareholders who purchased shares during this period are encouraged to contact the firm for potential lead plaintiff appointment [1][4]. Allegations Against Avis Budget Group - The complaint alleges that Avis Budget implemented a plan to accelerate fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment [3]. - This acceleration is said to have reduced the recoverable value of the vehicles, leading to billions of dollars in impairment charges and substantial losses for the company [3]. - The allegations suggest that these actions had a significant negative impact on the company's financial results and overstated its business prospects [3]. Next Steps for Shareholders - The deadline for shareholders to register for the class action is June 24, 2025 [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5].