NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Avis Budget Group, Inc. (NASDAQ: CAR). Shareholders who purchased shares of CAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=147119&from=3 CLASS PERIOD: February 16, ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Avis Budget Group, Inc. ("Avis Budget" or the "Company") (NASDAQ: CAR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Avis Budget investors who were adversely affected by alleged securities fraud between February 16, 2024 and February 10, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/avis-budge ...

Core Viewpoint - A class action lawsuit has been filed against Avis Budget Group, Inc. for misleading statements regarding its financial health and fleet management practices during the specified Class Period from February 16, 2024, to February 10, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit alleges that Avis Budget implemented a plan to accelerate fleet rotation, which shortened the useful life of its vehicles, leading to billions in impairment charges and substantial losses [5]. - It is claimed that the company's public statements regarding its financial and business prospects were materially false and misleading, resulting in investor damages when the true situation was revealed [5]. Group 2: Class Action Participation - Investors who purchased Avis Budget securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can submit a form online or contact the law firm directly for more information [3][6].

NEW YORK, May 1, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Avis Budget Group, Inc. (NASDAQ: CAR).Shareholders who purchased shares of CAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/avis-budget-loss-submission-form/?id=146178&from=4CLASS PERIOD: February 16, 2024 to ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Avis Budget Group, Inc. (“Avis Budget” or the “Company”) (NASDAQ:CAR) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Avis Budget securities between February 16, 2024 and February 10, 2025, both dates inclusive (the “Class Period”) ...

Core Viewpoint - Hertz Global Holdings has experienced significant volatility, including a bankruptcy due to the COVID-19 pandemic, followed by a turnaround plan that has not gained traction [1] - Investor Bill Ackman has made a substantial investment in Hertz, believing in its potential for a brighter future [1][2] Investment Details - Pershing Square disclosed the purchase of 12.7 million shares of Hertz, leading to a significant increase in Hertz's stock price [2] - Ackman sees potential in Hertz's rental car business amid tariff uncertainties, particularly due to its fleet of over 500,000 vehicles valued at approximately $12 billion [5][6] Asset Valuation - A 10% increase in used car prices could result in a $1.2 billion gain for Hertz's automotive assets, which is significant compared to its current market capitalization of $2.7 billion [6] - Ackman believes that the market undervalues Hertz's assets, although the recent stock price increase may have corrected this perception [6][10] Operational Improvements - For Hertz to realize its potential, it must achieve specific operational metrics, including revenue per unit of $1,500, daily per-vehicle operating expenses below $45, and depreciation per unit of roughly $300 [8] - The company also needs to improve fleet utilization to 85%, up from a historical average of 80% [8] Future Outlook - Ackman predicts that Hertz could reach $30 per share by 2029, with the stock currently trading below $9, indicating significant upside potential [7] - The company must rotate its fleet away from electric vehicles and reduce operating costs to improve unit revenue and margins over time [9]

Hertz Global (HTZ) Q4 2024 Earnings Call February 13, 2025 09:00 AM ET Company Participants Johann Rawlinson - VP, IRGil West - CEOSandeep Dube - Executive VP & Chief Commercial OfficerScott Haralson - Executive VP & CFOHarold Antor - Senior Equity Research AssociateIsaac Sellhausen - Director - Equity Research Conference Call Participants John Babcock - AnalystChris Woronka - AnalystDan Levy - Senior Equity Research AnalystChristopher Stathoulopoulos - Senior Equity Research Analyst Operator Welcome to Her ...