2m 2m 2m 2m 2m 2m 2m
- $6.6BMarket Cap
- 26.72%1-Year Change
- Rental & Leasing ServicesIndustry
Avis Budget Grou (CAR)
Key Performance
More- Earnings Score: 48
- Momentum Score: 76
- True Yield: N/A
- Financial Health Score: 64
Latest Research & News
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
The Schall Law Firm is seeking investors who purchased Verra Mobility Corporation (NASDAQ: VRRM) securities between February 24, 2026, and May 26, 2026, to join a class action lawsuit alleging securities fraud. The company allegedly made false statements about growth prospects and concealed the significant risk of losing Avis Budget Group (10% of revenue) as a customer, which terminated its relationship on May 26, 2026.
06/09/2026, 1:38 PM • Benzinga
Got $2,000? Verra Mobility's Wreckage Might Be Your Opportunity — If You're Patient
Verra Mobility's stock collapsed 70% after Avis terminated a major contract in May 2026, wiping out $1.4 billion in market value. Trading near $4.25 from a 52-week high of $25.65, the company still generates nearly $1 billion in annual revenue. While the loss of Avis (over 10% of revenue) is significant, the remaining Government Solutions and European tolling segments show resilience. At current prices, a $2,000 investment could double if the company stabilizes and avoids further major contract losses through 2028.
06/09/2026, 5:15 AM • The Motley Fool
Ademi LLP is investigating Verra Mobility for possible securities fraud related to the company's failure to timely disclose the status of contract negotiations with Avis Budget Group. Avis announced termination of its contract with Verra Mobility effective September 2026 on May 27, 2026.
06/08/2026, 9:58 PM • GlobeNewswire
A class action lawsuit has been filed against Verra Mobility Corporation for allegedly providing misleading statements about its relationship with Avis Budget Group while concealing material adverse facts. On May 26, 2026, Verra announced Avis terminated its contract effective September 2026, expected to reduce 2026 revenue by $135-145 million and segment profit by $120-125 million. The stock price dropped following the announcement.
06/08/2026, 5:33 PM • GlobeNewswire
A securities fraud investigation has been announced against Verra Mobility Corporation following the company's May 26, 2026 disclosure of a contract termination by Avis Budget Group, which led to a 70.6% stock price decline. The company subsequently terminated its President and CEO, citing a need for leadership change. Shareholders who suffered losses are being urged to contact legal counsel.
06/08/2026, 3:50 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. 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.
06/08/2026, 11:49 AM • GlobeNewswire
Verra Mobility received a termination notice from Avis Budget Group effective September 2026, expected to reduce 2026 annualized revenue by $135-145 million and segment profit by $120-125 million. The stock price declined 71% from $13.08 to $3.85 per share on May 27, 2026. Kirby McInerney LLP is investigating potential securities law violations related to the announcement.
06/05/2026, 6:00 PM • GlobeNewswire
The Schall Law Firm is investigating Verra Mobility Corporation for potential securities law violations, alleging the company issued false or misleading statements. The investigation was triggered after Avis Budget Group terminated its commercial services agreement with Verra, forcing the company to reduce its 2026 guidance. Verra had previously assumed the agreement would be renewed.
05/31/2026, 5:34 PM • Benzinga
Peers
Statistics
MoreInformation as of 06/22/2026
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
- Anna Maria Pawlak Kuliga
- Edward Linnen
- Ravindra Simhambhatla
- Daniel Crestian Cunha
Current Ownership Distribution
- Mutual Funds1.5B (63.06%)
- Institutions807.7M (34.84%)
- Insiders48.6M (2.10%)
- Other0 (0.00%)