CAR SHAREHOLDERS LOST MONEY? LEVI & KORSINSKY, LLP PROBES REPORTED VS.

Core Insights - Avis Budget Group reported an adjusted EBITDA growth of 11% for Q4 2025, but under GAAP, the company posted a significant net loss of $856 million [1] - The previous CEO projected that Avis would generate no less than $1 billion of adjusted EBITDA in 2025, but the actual full-year adjusted EBITDA was only $748 million, missing the forecast by approximately $150 million [2] Financial Performance - Adjusted EBITDA for Q4 2025 increased by 11% [1] - GAAP results indicated a net loss of $856 million [1] - Full-year adjusted EBITDA was reported at $748 million, falling short of the $1 billion target [2] Leadership Changes - The company transitioned from then-CEO Joseph Ferraro to new CEO Brian Choi, who reaffirmed the $1 billion adjusted EBITDA target during the Q3 2025 earnings call [2]