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- $4.9BMarket Cap
- -16.23%1-Year Change
- Rental & Leasing ServicesIndustry
Avis Budget Grou (CAR)
Key Performance
More- Earnings Score: 38
- Momentum Score: 49
- True Yield: N/A
- Financial Health Score: 71
Latest Research & News
A class action lawsuit has been filed against Verra Mobility Corporation for allegedly providing misleading statements about its relationship with Avis Budget Group. On May 26, 2026, Verra Mobility disclosed that Avis terminated its contract, resulting in an expected $135-145 million revenue reduction. The stock price fell 70.6% to $3.85 per share following the announcement. The deadline to join the class action is August 4, 2026.
07/30/2026, 4:40 PM • GlobeNewswire
Faruqi & Faruqi, LLP is investigating securities fraud claims against Verra Mobility Corporation, alleging the company misled investors about its relationship with Avis Budget Group and the likelihood of contract extension. After Avis terminated its contract on May 26, 2026, Verra's stock plummeted 71% from $13.08 to $3.85 per share. The deadline to seek lead plaintiff status in the federal securities class action is August 4, 2026.
07/29/2026, 10:45 AM • GlobeNewswire
A class action lawsuit has been filed against Verra Mobility Corporation for allegedly providing false and misleading statements regarding its relationship with Avis Budget Group while concealing material adverse facts. On May 26, 2026, Verra announced termination of its Avis contract effective September 2026, expecting to lose $135-145 million in annualized revenue. Investors who purchased stock between February 24 and May 26, 2026 have until August 4, 2026 to apply as lead plaintiff.
07/27/2026, 6:36 PM • GlobeNewswire
A class action lawsuit has been filed against Verra Mobility Corporation alleging securities fraud. The complaint claims defendants made materially false statements regarding the stability of Verra's relationship with Avis Budget Group and downplayed risks that major rental car companies could replace Verra's services with in-house solutions. Investors who purchased Verra securities between February 24, 2026 and May 26, 2026 are eligible to join the case, with a lead plaintiff deadline of August 4, 2026.
07/19/2026, 12:00 PM • GlobeNewswire
Verra Mobility (NASDAQ: VRRM) is facing a securities class action lawsuit after CEO David Roberts resigned following the unexpected termination of a major contract with Avis Budget Group. The contract loss wiped out approximately $1.4 billion in shareholder value, with the stock plunging 70% on May 27, 2026. Hagens Berman is investigating whether executives failed to disclose the deteriorating relationship with Avis to investors.
07/15/2026, 6:38 PM • GlobeNewswire
A class action lawsuit has been filed against Verra Mobility Corporation for allegedly providing false and misleading statements regarding its relationship with Avis Budget Group. On May 26, 2026, Verra announced that Avis terminated its contract effective September 2026, which will reduce the company's 2026 annualized revenue by approximately $135-145 million. Investors who purchased shares between February 24 and May 26, 2026 can apply to be lead plaintiff by August 4, 2026.
07/14/2026, 7:33 PM • GlobeNewswire
Faruqi & Faruqi, LLP is investigating securities fraud claims against Verra Mobility Corporation, alleging the company misled investors about its relationship with Avis Budget Group and the likelihood of contract extension. After Avis terminated its contract on May 26, 2026, Verra's stock plummeted 71% from $13.08 to $3.85 per share. The firm is seeking a lead plaintiff by August 4, 2026, for the federal securities class action covering purchases between February 24 and May 26, 2026.
07/05/2026, 9:34 AM • GlobeNewswire
Hagens Berman is investigating Verra Mobility Corporation following CEO David Roberts' abrupt resignation after 12 years. The investigation centers on whether executives failed to disclose the deteriorating relationship with Avis Budget Group before announcing a contract termination in May 2026. The announcement caused Verra's stock to plunge 70%, erasing $1.4 billion in market value. Investors with losses are urged to contact the firm by the August 4, 2026 deadline.
06/26/2026, 3:49 PM • GlobeNewswire
A securities fraud class action lawsuit has been filed against Verra Mobility Corporation (VRRM) for allegedly making materially false statements about its Commercial Services business growth and Avis Budget Group contract. The company disclosed on May 26, 2026, that Avis terminated its contract, resulting in a 70.6% stock price decline. Investors who purchased VRRM stock between February 24 and May 26, 2026, can seek lead plaintiff status by August 4, 2026.
06/22/2026, 6:45 PM • GlobeNewswire
Verra Mobility Corporation faces a securities fraud class action lawsuit after disclosing on May 26, 2026 that Avis Budget Group terminated its contract, causing the stock to plummet 70.6% to $3.85 per share. The lawsuit alleges that Verra made materially false statements about its growth prospects and failed to disclose its dependence on the Avis relationship. The company's CEO was also terminated on June 1, 2026. Shareholders have until August 4, 2026 to file a lead plaintiff motion.
06/16/2026, 2:01 PM • Benzinga
Verra Mobility Corporation (NASDAQ: VRRM) faces a securities class action lawsuit alleging management made materially misleading statements about competitive risks and customer retention. The stock collapsed 71% after disclosing that its largest customer, Avis Budget Group, terminated its contract. Management had repeatedly downplayed in-sourcing threats, claiming operational complexity and deep customer integration created a durable competitive moat. The lawsuit covers the period from February 24, 2026 through May 26, 2026, with an August 4, 2026 deadline for lead plaintiff applications.
06/15/2026, 3:54 PM • GlobeNewswire
Verra Mobility Corporation (VRRM) is facing a securities class action lawsuit after Avis Budget Group terminated contract renewal negotiations. On May 26, 2026, Verra disclosed the termination notice effective September 2026, leading to a 70% stock price crash and $1.4 billion market cap loss. The lawsuit alleges Verra made false and misleading statements about the state of the Avis relationship. CEO Roberts departed five days later on May 31, 2026.
06/15/2026, 3:53 PM • GlobeNewswire
A securities fraud class action lawsuit has been filed against Verra Mobility Corporation after the company disclosed termination of its contract with Avis Budget Group on May 26, 2026, causing its stock to plummet 70.6%. The company subsequently lowered its 2026 financial outlook and terminated its CEO. Investors who purchased VRRM stock between February 24 and May 26, 2026 can file a lead plaintiff motion by August 4, 2026.
06/15/2026, 2:51 PM • Benzinga
Verra Mobility Corporation (VRRM) is facing a securities class action lawsuit after Avis Budget Group terminated contract renewal negotiations. On May 26, 2026, Verra disclosed the termination notice effective September 2026, leading to a 70% stock price crash and $1.4 billion market cap loss. CEO Roberts departed five days later. The lawsuit alleges Verra made false and misleading statements about the state of the Avis relationship and contract renewal likelihood.
06/10/2026, 2:40 PM • GlobeNewswire
A class action lawsuit has been filed against Verra Mobility Corporation alleging securities fraud. The complaint claims that Verra made materially false and misleading statements regarding its relationship with Avis Budget Group and downplayed risks of major clients replacing its services with in-house solutions or competitors. Investors who purchased Verra securities between February 24, 2026 and May 26, 2026 are eligible to join the case, with a lead plaintiff deadline of August 4, 2026.
06/10/2026, 12:00 PM • GlobeNewswire
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MoreInformation as of 07/31/2026
Company Profile
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. The company operates the Avis brand, which offers vehicle rental and other mobility solutions to the commercial and leisure segments of the travel industry and the Zipcar brand, a car sharing network that offers vehicle rental and other mobility solutions comprising budget car rental and budget truck. It also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll vehicle Hire. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey.
Key Executives
- Brian J. Choi
- Edward Linnen
- Ravindra Simhambhatla
- Daniel Crestian Cunha
- Jagdeep Singh Pahwa
Current Ownership Distribution
- Mutual Funds1.6B (65.17%)
- Institutions808.4M (32.85%)
- Insiders48.6M (1.98%)
- Other0 (0.00%)