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

What Is The Investigation About?
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.