Class Action Filed Against Avis Budget Group, Inc. (CAR) Seeking Recovery for Investors - Contact Levi & Korsinsky

Core Viewpoint - A class action securities lawsuit has been filed against Avis Budget Group, Inc. for alleged securities fraud affecting investors between February 16, 2024, and February 10, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024 [2] - This acceleration allegedly shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [2] - As a result, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [2] - The financial and business prospects of Avis Budget were overstated, leading to materially false and misleading public statements [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant timeframe have until June 24, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]