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].