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Avis Budget Group, Inc. (CAR) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

via Business Wire

Law Offices of Howard G. Smith announces an investigation on behalf of Avis Budget Group, Inc. (“Avis” or the “Company”) (NASDAQ: CAR) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AVIS BUDGET GROUP, INC. (CAR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On February 11, 2025, Avis released its fourth quarter and full year 2024 financial results, reporting a loss of $1.96 billion, or $55.66 per share, for the quarter, compared to a profit of $259 million, or $7.10 per share, for the same period in the prior year due to “a change in strategy to significantly accelerate fleet rotations, which resulted in shortening the useful life of the majority of our vehicles in the Americas segment[,]” causing “a one-time non-cash impairment of $2.3 billion and other non-cash related charges of $180 million.” Additionally, the Company disclosed that its Chief Executive Officer would “transition from CEO to Board Advisor.”

On this news, Avis’s stock price fell $6.12, or 6.8%, to close at $83.59 per share on February 12, 2025, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Avis securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,

3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania 19020,

Telephone: (215) 638-4847

Email: howardsmith@howardsmithlaw.com

Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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