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]

Core Viewpoint - Avis Budget Group, Inc. is facing allegations of issuing materially false and misleading statements regarding its fleet rotation plan, which has led to significant financial implications for the company [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024 [1]. - This acceleration shortened the useful life of the majority of the company's vehicles in the Americas segment, reducing their recoverable value [1]. - As a result, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [1]. - The aforementioned actions are likely to have a significant negative impact on the company's financial results [1]. - Consequently, the financial and business prospects of Avis Budget were overstated, making the defendants' public statements materially false and misleading [1]. Group 2: Class Action Details - Shareholders who purchased shares of Avis Budget during the class period from February 16, 2024, to February 10, 2025, are encouraged to register for the class action [2]. - The deadline for shareholders to seek lead plaintiff status is June 24, 2025 [2]. - There is no cost or obligation for shareholders to participate in this case [2].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Avis Budget securities between February 16, 2024, and February 10, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which significantly accelerated in Q4 2024 [5]. - This acceleration reportedly shortened the useful life of Avis Budget's vehicles in the Americas segment, leading to billions of dollars in impairment charges and substantial losses [5]. - The lawsuit claims that these actions had a significant negative impact on Avis Budget's financial results, overstating the company's financial and business prospects [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 16, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3][6]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which significantly accelerated in Q4 2024 [5]. - This acceleration reportedly shortened the useful life of Avis Budget's vehicles in the Americas segment, leading to billions of dollars in impairment charges and substantial losses [5]. - The lawsuit claims that these actions had a significant negative impact on Avis Budget's financial results, overstating the company's financial and business prospects [5].

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][2] Group 1: Allegations and Impact - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment [2] - This acceleration is alleged to have led to billions of dollars in impairment charges and substantial losses for the company [2] - The financial and business prospects of Avis Budget were reportedly overstated, and the public statements made by the defendants were materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 16, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which negatively impacted the value of its vehicles and led to billions in impairment charges [5]. - The claims suggest that Avis Budget's financial and business prospects were overstated, resulting in investor damages when the true information became public [5].

Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 16, 2024, and February 10, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Avis Budget accelerated its fleet rotation plan in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, leading to reduced recoverable value [2]. - As a result of the accelerated fleet rotation, 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 allegedly overstated, and the public statements made by the defendants were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - JPMorgan analyst Ryan Brinkman maintains an Underweight rating on Hertz Global Holdings, indicating concerns about the sustainability of the company's earnings despite recent partnerships and pricing strategies [1][3]. Financial Performance - Hertz reported first-quarter revenue of $1.81 billion, which fell short of the $2 billion analyst consensus, marking a 13% year-over-year decline [4]. - The company also experienced a first-quarter adjusted loss of $1.12 per share, compared to an expected loss of 97 cents per share [4]. Earnings Outlook - Brinkman suggests that while Hertz may appear undervalued based on normalized earnings, the company is not expected to reach those levels until after 2026 [3]. - The company is projected to generate negative free cash flow in 2024 and 2025, which will limit its ability to repurchase shares at current lower prices [3]. Operational Initiatives - Hertz is making progress on cost efficiency initiatives, including partnerships with technology firms aimed at enhancing customer experience and operational productivity [5]. - The company is implementing improvements to its revenue management system and deploying AI tools for vehicle inspection and pricing optimization [5]. - Management has reaffirmed expectations for the progression of EBITDA throughout the year [5]. Market Reaction - Hertz shares are trading lower by 2.88% to $5.60 at the time of publication [6].

Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 16, 2024, and February 10, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Avis Budget accelerated its fleet rotation plan in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, leading to reduced recoverable value [2] - As a result of the accelerated fleet rotation, 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 allegedly overstated, and the public statements made by the defendants were materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]

Core Viewpoint - Hertz Global's shares experienced a significant decline following the release of disappointing first-quarter earnings and the announcement of a $250 million stock offering aimed at deleveraging the company [1][2]. Financial Performance - Hertz reported a loss per share of $1.12 adjusted, which was worse than the expected loss of 97 cents [7]. - The company's automotive revenue was $1.81 billion, falling short of the expected $2 billion [7]. - Revenue decreased by 13% year-over-year, primarily due to a reduced fleet capacity, which was down 8% compared to the first quarter of 2024 [5]. Strategic Initiatives - Hertz's CFO indicated that the combination of an improved earnings profile, refinancing options, and the stock offering provides multiple alternatives for addressing upcoming maturities [3]. - The company is implementing a "Back-to-Basics Roadmap" plan to optimize vehicle utilization and create more demand than it can satisfy, aiming to improve profitability [6]. Market Conditions - Investors are concerned about Hertz's strategy to reduce the number of cars available for rent due to lower bookings and the impact of auto tariffs on vehicle prices [4]. - The company is also facing challenges from lower consumer sentiment and decreased U.S. tourism [4].