Avis Budget Group, Inc. Class Action: The Gross Law Firm Reminds Avis Budget Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 – CAR

Core Viewpoint - Avis Budget Group, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its fleet rotation plan and its financial implications [3][4]. Group 1: Allegations - The complaint alleges that during the class period from February 13, 2024, to February 10, 2025, Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024 [3]. - This acceleration reportedly shortened the useful life of the majority of the company's vehicles in the Americas segment, leading to a reduction in their recoverable value [3]. - As a result, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses, negatively impacting the company's financial results [3]. Group 2: Financial Impact - The allegations suggest that the financial and business prospects of Avis Budget were overstated, which misled investors regarding the company's true performance [3]. - The public statements made by the defendants were materially false and misleading at all relevant times, contributing to the artificial inflation of the company's stock [3]. Group 3: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by June 24, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [4].