Carrefour SA

Avis Budget Group Told Investors Adjusted EBITDA Rose 11% -- But GAAP Results Showed an $856 Million Net Loss

NEW YORK, March 18, 2026 /PRNewswire/ -- Avis Budget Group (NASDAQ: CAR) reported adjusted EBITDA growth of 11% for Q4 2025. Under GAAP, the Company posted a net loss of $856 million. Shareholders who lost money on CAR are encouraged to submit their information now. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Then-CEO Joseph Ferraro provided a projection that Avis would "generate no less than $1 billion of adjusted EBITDA in 2025" during the Company's Q4 2024 earnings call. By the Q3 2025 earnings call, Avis had a new CEO, Brian Choi, who similarly reaffirmed the targets: "it's going to be over $1 billion in a normalized annual environment ... that $1 billion isn't a target. It's a floor, which we intend to build on."

When Avis reported Q4 2025 results, it fell well sort of the confident projections. CEO Choi pertinently highlighted they "reported full year adjusted EBITDA of $748 million. That means we missed our fourth quarter forecast by approximately $150 million."

If you purchased Avis Budget Group shares and suffered a loss, click here to get more information about your legal rights. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP

Avis Budget Group Posts $856 Million Net Loss as Revenue Falls Short of Expectations

NEW YORK, March 4, 2026 /PRNewswire/ -- Avis Budget Group (NASDAQ: CAR) shareholders suffered significant losses after the company reported a Q4 2025 GAAP net loss of $856 million and revenue that missed analyst consensus estimates by approximately $80 million. If you lost money on your CAR investment, you are encouraged to obtain additional information and submit your details here. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The Q4 2025 loss was driven in significant part by a material write-down of the company's electric vehicle fleet. The EV-fleet impairment directly reduced the value of vehicles pledged as collateral for $965 million in asset-backed securities issued by the company's Interpace Funding LLC subsidiary on December 30, 2025. In a January 5, 2026, 8-K filing describing the notes as "secured ... by certain vehicles in our domestic fleet and other related assets," the filing did not reference the EV-fleet write-down recorded in the same reporting period.

The $856 million net loss and the adjusted loss of $747 million represented a sharp deterioration in the company's financial condition. Earlier in 2025, then-CFO Izzy Martins had told investors on the Q1 earnings call: "We do not expect any further fleet-related charges from this change in strategy." The company subsequently recorded the material Q4 EV-fleet write-down.

Shareholders who purchased Avis Budget Group stock and suffered a loss are encouraged to submit their information now. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP