Kaplan Fox Alerts Avis Budget Group, Inc. (CAR) Investors to a Securities Class Action Lawsuit - Contact the Firm Before Deadline on September 29, 2026 for Leadership Role

Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Avis Budget Group, Inc. ("Avis" or the "Company") (NASDAQ: CAR) on behalf of investors that purchased or otherwise acquired Avis securities between February 20, 2025 and April 21, 2026 (the "Class Period").

The complaint alleges "a scheme to manipulate the market for Avis securities, orchestrated by Defendants [Pentwater Capital Management LP] and [Pentwater's Founder, Chief Investment Officer Matthew Halbower]."

Further, the complaint alleges "[t]aking advantage of Pentwater's position as one of Avis's largest shareholders, holding a total economic interest of approximately 51% of the Company through stocks and cash-settled swaps as of March 2026, Defendants' aggressive purchasing of Avis stock during the Class Period triggered unusual volatility and a short squeeze in the market for Avis securities - i.e., a rapid surge in the Company's stock price caused by short sellers buying back shares to cut their losses, thereby fueling further price spikes - all of which served to greatly increase the value of Pentwater's holdings of Avis stock."