The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Avis Budget Group, Inc. Lawsuit – CAR

Core Viewpoint - Avis Budget Group, Inc. is facing allegations of issuing materially false and misleading statements regarding its fleet rotation plan, which has led to significant financial implications for the company [3]. Group 1: Allegations and Financial Impact - The complaint alleges that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment [3]. - This acceleration resulted in the company being forced to recognize billions of dollars in impairment charges and incur substantial losses [3]. - The financial and business prospects of Avis Budget were overstated, leading to a significant negative impact on the company's financial results [3]. Group 2: Class Action Details - The class period for the allegations is from February 16, 2024, to February 10, 2025 [3]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline of June 24, 2025, to seek lead plaintiff status [4]. - There is no cost or obligation for shareholders to participate in the case, and they will receive status updates through portfolio monitoring software [4].