CAR INVESTOR ALERT: Avis Budget Group, Inc. Investors with Substantial Losses Have Opportunity to Lead the Avis Class Action Lawsuit – RGRD Law

SAN DIEGO, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Avis Budget Group, Inc. (NASDAQ: CAR) securities (including those who bought Avis common stock to cover a short position) between February 20, 2026 and April 21, 2026, inclusive (the “Class Period”), have until September 29, 2026 to seek appointment as lead plaintiff of the Avis class action lawsuit. Captioned Hakimian v. Pentwater Capital Management LP, No. 26-cv-02275 (M.D. Fla.), the Avis class action lawsuit charges Pentwater Capital Management LP and its Chief Executive Officer with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Avis class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-avis-budget-group-class-action-lawsuit-car.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Avis provides car and truck rentals, car sharing, and ancillary products and services to business and consumers through its Avis, Budget, and Zipcar brands.

The Avis class action lawsuit alleges that Pentwater Capital Management LP and its CEO Matthew Halbower steadily accumulated a massive equity stake in Avis over a period of months, notwithstanding Avis’s weak underlying business fundamentals, while driving up its stock price by buying heavily in the midst of a short-squeeze dynamic. Then, only after Avis’s stock price peaked at $847.70 per share on April 21, 2026, Pentwater sold 4.3 million shares of Avis stock into the market between April 22 and 23, for $1.75 billion in proceeds and causing Avis’s share price to plummet, the complaint alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Avis securities during the Class Period to seek appointment as lead plaintiff in the Avis class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Avis class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Avis class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Avis class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
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Contact:
        Robbins Geller Rudman & Dowd LLP
        Ken Dolitsky
        Michael Albert
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800/851-7783
        info@rgrdlaw.com