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

Core Points - The Gross Law Firm has issued a notice to shareholders of Avis Budget Group, Inc. regarding a class action lawsuit related to misleading statements made by the company during a specified class period [1][3] - The allegations include that Avis Budget implemented a plan to accelerate fleet rotation, which negatively impacted the useful life and recoverable value of its vehicles, leading to billions in impairment charges and substantial losses [3] - The deadline for shareholders to register for the class action is June 24, 2025, and participation does not require appointment as lead plaintiff [4] Allegations Summary - Avis Budget allegedly crafted a plan to significantly accelerate fleet rotation in Q4 2024 [3] - This acceleration reportedly shortened the useful life of most vehicles in the Americas segment, reducing their recoverable value [3] - The company is expected to recognize billions in impairment charges, which will negatively impact financial results [3] - The public statements made by the company were claimed to be materially false and misleading throughout the relevant period [3] Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action to receive updates on the case [4] - Registration includes enrollment in a portfolio monitoring software for status updates [4] - There is no cost or obligation for shareholders to participate in the case [4]