Levi & Korsinsky notifies investors that it has commenced an investigation into Avis Budget Group, Inc. (NASDAQ: CAR) concerning potential violations of the federal securities laws.
The Q4 2025 loss was driven in significant part by a material write-down of the company's electric vehicle fleet. The EV-fleet impairment directly reduced the value of vehicles pledged as collateral for $965 million in asset-backed securities issued by the company's Interpace Funding LLC subsidiary on December 30, 2025. In a January 5, 2026, 8-K filing describing the notes as "secured ... by certain vehicles in our domestic fleet and other related assets," the filing did not reference the EV-fleet write-down recorded in the same reporting period. The $856 million net loss and the adjusted loss of $747 million represented a sharp deterioration in the company's financial condition. Earlier in 2025, then-CFO Izzy Martins had told investors on the Q1 earnings call: "We do not expect any further fleet-related charges from this change in strategy." The company subsequently recorded the material Q4 EV-fleet write-down.
If you suffered a loss on your Avis Budget Group, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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