NEW YORK, NY / ACCESS Newswire / February 24, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Avis Budget Group, Inc. ("Avis Budget" or "the Company") (NASDAQ:CAR). Investors who purchased Avis Budget securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/CAR.
Investigation Details
On February 11, 2025, Avis Budget issued a press release reporting its financial results for the fourth quarter and full year 2024. Among other items, Avis Budget reported 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. The press release also announced that Chief Executive Officer ("CEO") Joe Ferraro "will transition from CEO to Board Advisor, effective June 30, 2025" and that "Brian Choi, the Company’s Chief Transformation Officer, will take over as CEO, effective July 1, 2025." On this news, Avis Budget’s stock price fell $6.12 per share, or 6.82%, to close at $83.59 per share on February 11, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Avis Budget securities, you can assist this investigation by visiting the firm’s site: bgandg.com/CAR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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