ALERT: Lawsuit filed for Investors who lost money with shares of Avis Budget Group, Inc. (NASDAQ: CAR)

An investor, who purchased shares of Avis Budget Group, Inc. (NASDAQ: CAR), filed a lawsuit over alleged violations of Federal Securities Laws by Pentwater Capital Management LP ("Pentwater") and its Founder, Chief Executive Officer ("CEO"), and Chief Investment Officer Matthew Halbower ("Halbower") in connection with certain allegedly false and misleading statements made between February 20, 2025 and April 21, 2026.

Investors who purchased a significant amount of shares of Avis Budget Group, Inc. (NASDAQ: CAR) between February 20, 2025 and April 21, 2026, have certain options and for certain investors are short and strict deadlines running. Deadline: September 29, 2026. NASDAQ: CAR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Parsippany, NJ based Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. Avis Budget Group, Inc. (NASDAQ: CAR) reported that its annual Total Revenue declined from $11.62 billion in 2024 to $11.41 billion in 2025, and that its Net Loss declined from $1.82 billion in 2024 to $889 million in 2025.

The complaint alleges that Pentwater Capital Management LP and its Founder, Chief Executive Officer ("CEO"), and Chief Investment Officer Matthew Halbower orchestrated a scheme to manipulate the market for Avis Budget Group, Inc. (NASDAQ: CAR) securities.

Between April 1 and April 22, 2026, the market price of Avis common stock climbed dramatically, after trading below $200 per share for the majority of the preceding twelve months and despite the disappointing full-year 2025 financial results Avis had recently released. Avis's stock price reached a high of $765.94 per share during intraday trading on April 21, an increase of approximately 419% over its $147.52 opening price on April 1, before closing at $713.97 per share. Then, over the following trading sessions, Avis's share price collapsed by 74.51%, closing at $182.005 per share on April 28, 2026.
One day later, during an April 29, 2026 earnings call, Avis CEO Brian Choi told investors that Pentwater had sold 4.3 million shares of Avis stock between April 22 and 23, 2026, for sales proceeds of $1.75 billion. Dumping Pentwater's Avis holdings into the market during such a short period of time caused Avis's share price to plunge, damaging investors.
On June 18, 2026, Avis disclosed in a filing with the United States Securities and Exchange Commission that Pentwater had agreed to pay Avis $650 million to settle alleged violations of Section 16(b) of the Exchange Act, a "short-swing profits" rule that requires owners of more than 10% of a class of publicly traded equity securities to disgorge any profits from trading in the issuer's equity securities within a period of less than six months. On June 29, 2026, Avis filed a heavily redacted copy of a complaint, originally filed under seal, against Pentwater, Halbower, and a series of apparently related entities, setting forth Avis's allegations.

The plaintiff alleges on behalf of purchasers of Avis Budget Group, Inc. (NASDAQ: CAR) common shares between February 20, 2025 and April 21, 2026, that the defendants violated Federal Securities Laws.

The plaintiff alleges that taking 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 between February 20, 2025 and April 21, 2026 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.

More specifically, the plaintiff claims that between February 20, 2025 and April 21, 2026, the defendants failed to disclose to investors that the Company's stock was being manipulated through deceptive practices, that the Company's market price was therefore trading above its true value, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Avis Budget Group, Inc. (NASDAQ: CAR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.