CAR INVESTORS LOSE BIG ON Q4 EARNINGS MISS -- LEVI & KORSINSKY, LLP INVESTIGATES

Avis Budget Group Posts $856 Million Net Loss as Revenue Falls Short of Expectations

NEW YORK, March 4, 2026 /PRNewswire/ -- Avis Budget Group (NASDAQ: CAR) shareholders suffered significant losses after the company reported a Q4 2025 GAAP net loss of $856 million and revenue that missed analyst consensus estimates by approximately $80 million. If you lost money on your CAR investment, you are encouraged to obtain additional information and submit your details here. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

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.

Shareholders who purchased Avis Budget Group stock and suffered a loss are encouraged to submit their information now. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP