Investor alert: class action lawsuit filed on behalf of avis budget group, inc. (car) investors – holzer & holzer, llc encourages investors with significant losses to contact the firm

Atlanta, april 28, 2025 (globe newswire) -- a shareholder class action lawsuit has been filed against avis budget group, inc. (“avis budget” or “the company”) (nasdaq: car). the lawsuit alleges that defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the company's business, operations, and prospects, including allegations that: (i) avis budget crafted and implemented a plan to significantly accelerate its fleet rotation in the fourth quarter of 2024; (ii) the foregoing acceleration shortened the useful life of the majority of the company's vehicles in the americas segment, thereby reducing their recoverable value; (iii) as a result, avis budget would be forced to recognize billions of dollars in impairment charges and incur substantial losses; (iv) all the foregoing was likely to, and did, have a significant negative impact on the company's financial results; and (v) accordingly, avis budget's financial and/or business prospects were overstated.
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