{"success":true,"data":{"pressRelease":{"id":"152285","rtpr_id":"nPn2WzvZ5a-20260924","ticker":"CAR","exchange":"NASDAQ","all_tickers":["CAR"],"title":"CAR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Avis Budget Group, Inc. Securities Lawsuit - Contact SueWallSt","author":"PR Newswire","published_at":"2026-09-24T14:09:00.425Z","article_body":"CAR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Avis Budget Group, Inc. Securities Lawsuit - Contact SueWallSt\nPR Newswire\n\nNEW YORK, Sept. 24, 2026\n\nA securities class action alleges Pentwater Capital Management LP built a 51%\neconomic interest in Avis Budget Group through stock and cash-settled swaps,\nthen unloaded 4.3 million shares over two trading days as CAR shares\ncollapsed.\n\nNEW YORK, Sept. 24, 2026 /PRNewswire/ -- SueWallSt notifies investors in Avis\nBudget Group, Inc. (NASDAQ: CAR) that a securities class action has been filed\non behalf of shareholders who purchased or otherwise acquired CAR securities\nbetween February 20, 2025 and April 21, 2026. Find out if you might qualify\nfor recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4781490-16&h=93685463&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198823%26wire%3D4&a=Find+out+if+you+might+qualify+for+recovery)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nCAR shares fell $270.03, or 37.82%, in the single session of April 22, 2026,\nclosing at $443.94, and declined a total of $531.97 per share, or 74.51%, to\nclose at $182.005 on April 28, 2026. Motions for lead plaintiff must be filed\nwith the Court by September 29, 2026.\n\nHow the Alleged Position Was Assembled\n\nAccording to the action, Pentwater crossed the 10% ownership threshold in Avis\non February 20, 2026 and continued buying. As pleaded, SEC filings showed\nholdings rising from 3,562,100 shares to 4,327,200 shares (12.3%) in early\nMarch 2026, and to 7,824,100 shares (22.2%) by April 7, 2026, with additional\nexposure through call options and cash-settled swaps. Avis later stated that\nthe disclosed economic interest reached 51% by March 2026.\n\nThe Alleged Two-Day Exit\n\nAvis has stated that Pentwater disclosed the sale of 4.3 million shares for\ngross proceeds of $1.75 billion on April 22 and April 23, 2026, immediately\nafter CAR touched an intraday high of $765.94 on April 21. Plaintiffs allege\nthat concentrating that volume of selling into two sessions removed the\nartificial support that aggressive accumulation had created, and that\nshareholders who purchased at inflated prices bore the loss.\n\nAlleged Trading Mechanics by the Numbers\n\n * CAR opened April 1, 2026 at $147.52 and rose approximately 419% to its April\n21 intraday high of $765.94.\n * From a March 20, 2026 close of $99.90, shares climbed over 614% in four weeks,\nper the complaint.\n * Disclosed economic interest allegedly moved from 39% in February 2026 to 51%\nby March 2026 through stock and cash-settled swaps.\n * 4.3 million shares were reportedly sold for $1.75 billion across April 22 and\nApril 23, 2026.\n * Avis disclosed on June 18, 2026 that Pentwater agreed to pay $650 million to\nsettle claims under Section 16(b) of the Exchange Act.\n\"The complaint describes a position that allegedly grew to a 51% economic\ninterest through stock and swaps before 4.3 million shares were sold in two\ndays. Shareholders who purchased CAR during that period may wish to have their\ntrading records reviewed.\" -- Joseph E. Levi, Esq.\n\nSubmit your information now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4781490-16&h=3171246877&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198823%26wire%3D4&a=Submit+your+information+now)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the CAR Lawsuit\n\nQ: What is the CAR class action lawsuit about? A: A securities class action\nhas been filed alleging that Pentwater Capital Management LP and its CEO\nengaged in a scheme that artificially inflated the market price of Avis Budget\nGroup, Inc. (NASDAQ: CAR) securities between February 20, 2025 and April 21,\n2026. Pentwater then sold a significant portion of its CAR ownership,\nallegedly reaping the benefit of the inflated stock price while sending the\nstock tumbling nearly 75%.\n\nQ: How much did CAR stock drop? A: Shares reached a peak closing price of\n$713.97 on April 21, 2026. The following day, the stock fell approximately\n37.82%, or $270.03, to close at $443.94. Shares slid a further approximate\n$261.94, closing at only $182.005 on April 28, 2026. Investors who purchased\nduring the Class Period at allegedly inflated prices may be eligible to seek\ncompensation.\n\nQ: What court was the CAR class action filed in? A: The case was filed in the\nUnited States District Court for the Middle District of Florida.\n\nQ: What documents do I need to submit my information? A: Brokerage statements\nor trade confirmations showing purchase dates, share quantities, prices paid,\nand any subsequent sale dates and prices.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my CAR shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthe shares. Investors who bought during the Class Period and sold at a loss\nmay still be eligible to participate.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. If there\nis a settlement or recovery, eligible class members generally submit a claim\nform to seek their portion.\n\nCONTACT:\\\nLevi & Korsinsky, LLP\\\nJoseph E. Levi, Esq.\\\n33 Whitehall Street, 27th Floor\\\nNew York, NY 10004\\\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com) \\\nTel: (888) SueWallSt\\\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/car-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-avis-budget-group-inc-securities-lawsuit---contact-suewallst-302888724.html\n(https://www.prnewswire.com/news-releases/car-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-avis-budget-group-inc-securities-lawsuit---contact-suewallst-302888724.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA2967422\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn2WzvZ5a-20260924","title":"CAR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Avis Budget Group, Inc. Securities Lawsuit - Contact SueWallSt","author":"PR Newswire","ticker":"CAR","created":"2026-09-24T14:09:00.425Z","tickers":["CAR"],"exchange":"NASDAQ","article_body":"CAR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Avis Budget Group, Inc. Securities Lawsuit - Contact SueWallSt\nPR Newswire\n\nNEW YORK, Sept. 24, 2026\n\nA securities class action alleges Pentwater Capital Management LP built a 51%\neconomic interest in Avis Budget Group through stock and cash-settled swaps,\nthen unloaded 4.3 million shares over two trading days as CAR shares\ncollapsed.\n\nNEW YORK, Sept. 24, 2026 /PRNewswire/ -- SueWallSt notifies investors in Avis\nBudget Group, Inc. (NASDAQ: CAR) that a securities class action has been filed\non behalf of shareholders who purchased or otherwise acquired CAR securities\nbetween February 20, 2025 and April 21, 2026. Find out if you might qualify\nfor recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4781490-16&h=93685463&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198823%26wire%3D4&a=Find+out+if+you+might+qualify+for+recovery)\n. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nCAR shares fell $270.03, or 37.82%, in the single session of April 22, 2026,\nclosing at $443.94, and declined a total of $531.97 per share, or 74.51%, to\nclose at $182.005 on April 28, 2026. Motions for lead plaintiff must be filed\nwith the Court by September 29, 2026.\n\nHow the Alleged Position Was Assembled\n\nAccording to the action, Pentwater crossed the 10% ownership threshold in Avis\non February 20, 2026 and continued buying. As pleaded, SEC filings showed\nholdings rising from 3,562,100 shares to 4,327,200 shares (12.3%) in early\nMarch 2026, and to 7,824,100 shares (22.2%) by April 7, 2026, with additional\nexposure through call options and cash-settled swaps. Avis later stated that\nthe disclosed economic interest reached 51% by March 2026.\n\nThe Alleged Two-Day Exit\n\nAvis has stated that Pentwater disclosed the sale of 4.3 million shares for\ngross proceeds of $1.75 billion on April 22 and April 23, 2026, immediately\nafter CAR touched an intraday high of $765.94 on April 21. Plaintiffs allege\nthat concentrating that volume of selling into two sessions removed the\nartificial support that aggressive accumulation had created, and that\nshareholders who purchased at inflated prices bore the loss.\n\nAlleged Trading Mechanics by the Numbers\n\n * CAR opened April 1, 2026 at $147.52 and rose approximately 419% to its April\n21 intraday high of $765.94.\n * From a March 20, 2026 close of $99.90, shares climbed over 614% in four weeks,\nper the complaint.\n * Disclosed economic interest allegedly moved from 39% in February 2026 to 51%\nby March 2026 through stock and cash-settled swaps.\n * 4.3 million shares were reportedly sold for $1.75 billion across April 22 and\nApril 23, 2026.\n * Avis disclosed on June 18, 2026 that Pentwater agreed to pay $650 million to\nsettle claims under Section 16(b) of the Exchange Act.\n\"The complaint describes a position that allegedly grew to a 51% economic\ninterest through stock and swaps before 4.3 million shares were sold in two\ndays. Shareholders who purchased CAR during that period may wish to have their\ntrading records reviewed.\" -- Joseph E. Levi, Esq.\n\nSubmit your information now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4781490-16&h=3171246877&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Favis-budget-group-inc-class-action-lawsuit-car%3Fprid%3D198823%26wire%3D4&a=Submit+your+information+now)\n or call (888) SueWallSt.\n\nWHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi &\nKorsinsky LLP has established itself as a nationally-recognized securities\nlitigation firm that has secured hundreds of millions of dollars for aggrieved\nshareholders and built a track record of winning high-stakes cases. The firm\nhas extensive expertise representing investors in complex securities\nlitigation and a team of over 70 employees to serve our clients. For seven\nyears in a row, Levi & Korsinsky has ranked in ISS Securities Class Action\nServices' Top 50 Report as one of the top securities litigation firms in the\nUnited States.\n\nFrequently Asked Questions About the CAR Lawsuit\n\nQ: What is the CAR class action lawsuit about? A: A securities class action\nhas been filed alleging that Pentwater Capital Management LP and its CEO\nengaged in a scheme that artificially inflated the market price of Avis Budget\nGroup, Inc. (NASDAQ: CAR) securities between February 20, 2025 and April 21,\n2026. Pentwater then sold a significant portion of its CAR ownership,\nallegedly reaping the benefit of the inflated stock price while sending the\nstock tumbling nearly 75%.\n\nQ: How much did CAR stock drop? A: Shares reached a peak closing price of\n$713.97 on April 21, 2026. The following day, the stock fell approximately\n37.82%, or $270.03, to close at $443.94. Shares slid a further approximate\n$261.94, closing at only $182.005 on April 28, 2026. Investors who purchased\nduring the Class Period at allegedly inflated prices may be eligible to seek\ncompensation.\n\nQ: What court was the CAR class action filed in? A: The case was filed in the\nUnited States District Court for the Middle District of Florida.\n\nQ: What documents do I need to submit my information? A: Brokerage statements\nor trade confirmations showing purchase dates, share quantities, prices paid,\nand any subsequent sale dates and prices.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my CAR shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthe shares. Investors who bought during the Class Period and sold at a loss\nmay still be eligible to participate.\n\nQ: What does it cost me to participate? A: There is no upfront cost to submit\nyour information and review whether you may be eligible to recover. Should you\nchoose to participate in the securities class action, they are generally\nhandled on a contingency basis, with any attorneys' fees and expenses subject\nto court approval.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. If there\nis a settlement or recovery, eligible class members generally submit a claim\nform to seek their portion.\n\nCONTACT:\\\nLevi & Korsinsky, LLP\\\nJoseph E. Levi, Esq.\\\n33 Whitehall Street, 27th Floor\\\nNew York, NY 10004\\\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com) \\\nTel: (888) SueWallSt\\\nFax: (212) 363-7171\n\nAttorney Advertising. Prior results do not guarantee similar outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/car-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-avis-budget-group-inc-securities-lawsuit---contact-suewallst-302888724.html\n(https://www.prnewswire.com/news-releases/car-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-avis-budget-group-inc-securities-lawsuit---contact-suewallst-302888724.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1812443/suewallst-logo-1-Logo.jpg?id=OA2967422\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-24T14:09:00.464199192Z","server_sent_at_ms":1790258940464},"received_at":"2026-09-24T14:09:00.516Z","source_url":"https://www.prnewswire.com/news-releases/car-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-avis-budget-group-inc-securities-lawsuit---contact-suewallst-302888724.html"},"analysis":{"id":"141087","press_release_id":"152285","analysis_json":{"industry":{"label":"Passenger Ground Transportation","sector":"Industrials"},"redFlags":["class action period spans February 2025-April 2026 with alleged stock collapse of ~75%","Pentwater previously agreed to a $650 million Section 16(b) settlement, per prior Avis disclosure"],"eventType":"legal_litigation","narrative":"SueWallSt (Levi & Korsinsky) issued a solicitation notice for a securities class action against Avis Budget Group over Pentwater Capital's alleged accumulation and two-day exit from a 51% economic interest in CAR.\n\nThe release recites the alleged scheme: Pentwater built a 51% economic position via stock and cash-settled swaps, then sold 4.3 million shares for $1.75 billion across April 22-23, 2026, as the stock fell roughly 75% from its April 21 high.\n\nThis is a plaintiff-firm lead-plaintiff solicitation with a September 29, 2026 deadline, not a new issuer disclosure; Avis had previously disclosed a $650 million Section 16(b) settlement by Pentwater.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation tied to an already-known CAR/Pentwater saga -- suppress."},"keyFigures":{},"namedEntities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"Avis Budget Group, Inc.","ticker":"CAR","relationship":"litigation target / subject issuer"},{"name":"Pentwater Capital Management LP","relationship":"alleged defendant"},{"name":"Levi & Korsinsky LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$1.75 billion","context":"alleged gross proceeds from Pentwater's sale of 4.3 million CAR shares"},{"amount":"$650 million","context":"amount Pentwater agreed to pay to settle Section 16(b) claims, per Avis disclosure"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation (SueWallSt / Levi & Korsinsky) seeking lead plaintiffs for an already-filed class action against Avis Budget Group. No new issuer disclosure; no certified class or new settlement in this release."},"tickerRelevance":{"others":[],"primary":"CAR"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"CAR has retail interest but event is marketing noise"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"SueWallSt (Levi & Korsinsky) issued a solicitation notice for a securities class action against Avis Budget Group over Pentwater Capital's alleged accumulation and two-day exit from a 51% economic interest in CAR.\n\nThe release recites the alleged scheme: Pentwater built a 51% economic position via stock and cash-settled swaps, then sold 4.3 million shares for $1.75 billion across April 22-23, 2026, as the stock fell roughly 75% from its April 21 high.\n\nThis is a plaintiff-firm lead-plaintiff solicitation with a September 29, 2026 deadline, not a new issuer disclosure; Avis had previously disclosed a $650 million Section 16(b) settlement by Pentwater.","key_figures":{},"named_entities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney, Levi & Korsinsky LLP"}],"products":[],"companies":[{"name":"Avis Budget Group, Inc.","ticker":"CAR","relationship":"litigation target / subject issuer"},{"name":"Pentwater Capital Management LP","relationship":"alleged defendant"},{"name":"Levi & Korsinsky LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$1.75 billion","context":"alleged gross proceeds from Pentwater's sale of 4.3 million CAR shares"},{"amount":"$650 million","context":"amount Pentwater agreed to pay to settle Section 16(b) claims, per Avis disclosure"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-24T14:09:06.998Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"CAR has retail interest but event is marketing noise"}},"durationMs":6476,"modelName":"glm-5.3-flashx"}}