Levi & Korsinsky Alerts Investors of Class Action Against Avis Budget Group: Critical Deadline Approaches

Upcoming Class Action Lawsuit Against Avis Budget Group

On June 13, 2025, Levi & Korsinsky, LLP, a prominent law firm specializing in investor rights, announced a class action lawsuit targeting Avis Budget Group, Inc., a notable player in the rental car industry. Known by its NASDAQ ticker CAR, Avis Budget is now under the scrutiny of those who believe they were misled due to alleged securities fraud between February 16, 2024, and February 10, 2025.

What the Lawsuit Entails

The class action is designed to represent investors who suffered losses due to alleged misrepresentations by Avis Budget. The legal complaint points out that Avis Budget made several inaccurate statements and concealed significant information regarding its strategic operations. Central to the accusations is the plan to accelerate its fleet rotation in late 2024. This decision reportedly shortened the lifespan of numerous vehicles in the company’s Americas segment, which had a serious impact on their recoverable value.

Furthermore, it claims that as a result of these actions, Avis Budget was compelled to announce multi-billion dollar impairment charges, resulting in severe financial losses. This revelation subsequently cast a long shadow over the company’s financial health and business outlook, inflating investor expectations based on misleading public statements.

Timeline and Participation

For affected investors, the firm indicates a significant upcoming deadline: June 24, 2025, is the last day to request to be appointed as lead plaintiff in the case. Importantly, those not wishing to take on the role of lead plaintiff can still participate and may be entitled to a share of any recovery without upfront costs or fees. This arrangement provides an option for affected individuals to seek compensation without financial burdens, a critical point emphasized by Levi & Korsinsky.

Levi & Korsinsky’s Track Record

With a two-decade history of representing shareholders and recovering substantial sums on their behalf, Levi & Korsinsky has developed a reputation within the industry. It has been recognized for its success in high-stakes litigation and has built a skilled team dedicated to navigating complex securities cases. For seven consecutive years, the firm has landed in ISS Securities Class Action Services' Top 50 Report, underscoring its stature in the field.

Contact Information

Investors wanting to learn more about their rights or needing assistance can reach out to Joseph E. Levi, Esq., or Ed Korsinsky, Esq. at Levi & Korsinsky, LLP. They are located at 33 Whitehall Street, 17th Floor, New York, NY 10004. Interested parties can contact them via email at [email protected] or by phone at (212) 363-7500.

This class action lawsuit against Avis Budget Group has opened opportunities for investors feeling aggrieved. As the deadline approaches, bringing to light the details and implications of the case can be critical for the financial safety of those impacted. Awareness and timely action are essential to securing justice and compensation for alleged wrongdoings.