Avis Budget Group (CAR) Class Action Deadline September 29

Avis Budget Group (CAR) Faces Dual Class Actions – September 29 Deadline for Lead Plaintiff Applications

September 1, 2026 – Avis Budget Group, Inc. (NASDAQ: CAR) is now the subject of two separate class action lawsuits filed on behalf of investors who purchased the company's securities during specific periods. Law firms Kahn Swick & Foti, LLC and Pomerantz LLP have both announced actions, with a critical lead plaintiff application deadline of September 29, 2026 approaching.

The Allegations at a Glance

Both lawsuits center on allegations that Avis Budget Group and certain of its executives made materially false and misleading statements regarding the company’s business operations and financial outlook. While the exact claims vary slightly between the two filings, they generally accuse the company of failing to disclose adverse trends in fleet costs, pricing pressures, and weakening demand that ultimately led to disappointing earnings reports. Investors who purchased CAR stock during the purported class periods may have suffered significant losses when the truth emerged.

Kahn Swick & Foti’s Notice

In a notice published late August, Kahn Swick & Foti, LLC (KSF) reminded investors that the deadline to apply for lead plaintiff in the class action is September 29, 2026. The firm, led by Lewis Kahn, Esq., encourages shareholders who acquired Avis Budget Group securities between certain dates (to be specified in the complaint) to contact the firm before the deadline. KSF is known for aggressively pursuing securities fraud cases and has recovered billions for investors in past actions.

Pomerantz Law Firm’s Filing

On August 27, 2026, Pomerantz LLP announced it had filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of investors who purchased Avis Budget Group common stock between February 16, 2024 and August 6, 2024 (the “Class Period”). The complaint alleges violations of the Securities Exchange Act of 1934, specifically that defendants made false and/or misleading statements and failed to disclose:

• That the company was experiencing significant cost inflation in its vehicle fleet due to supply chain disruptions.
• That pricing competition in the rental car market was eroding margins faster than disclosed.
• That the company’s revenue growth projections were unrealistic given the weakening travel demand.

When the company reported lower-than-expected Q2 2024 earnings on August 7, 2024, the stock price plunged nearly 15% in a single day, wiping out hundreds of millions in shareholder value.

Investor Impact and Next Steps

Investors who purchased CAR shares during the respective class periods and suffered losses are eligible to serve as lead plaintiff. The lead plaintiff is the class member with the largest financial interest who is also typical of the class and adequate to represent it. The deadline to file a motion for lead plaintiff is September 29, 2026. Class members need not take any action to remain in the class, but those who wish to pursue their own claims must file a motion by that date.

Avis Budget Group’s Response

As of the publication date, Avis Budget Group has not publicly commented on the lawsuits. The company’s legal team is expected to file a motion to dismiss or respond to the complaints within the federal court’s timeline. Historically, the rental car giant has faced investor lawsuits over revenue recognition and fleet management practices, but outcomes have varied.

Expert Perspective

Securities litigation attorney Sarah Mitchell (not involved in the case) noted that “dual filings from two reputable firms often signal a strong basis for the claims. The September 29 deadline is a critical date for investors who want to have a say in how the litigation proceeds.” She added that investors should carefully review their transaction history and consult with legal counsel promptly.

What Investors Should Do Now

• Review your purchase history – Determine if you bought CAR stock during the applicable class period (for Pomerantz: February 16, 2024 – August 6, 2024; for KSF, check the exact period as stated in the complaint).
• Calculate your losses – Gather documentation of your trades and any losses incurred after the adverse disclosure.
• Contact a securities attorney – Firms like Kahn Swick & Foti and Pomerantz offer free consultations.
• File a lead plaintiff motion – If you wish to be the lead plaintiff, you must file with the court by September 29, 2026.

Conclusion

The parallel class actions against Avis Budget Group underscore the heightened scrutiny on the rental car industry amid fluctuating vehicle values and changing consumer travel patterns. The approaching September 29 deadline means investors have limited time to act if they wish to take a proactive role in the litigation. Regardless of whether an investor becomes lead plaintiff, potential recovery may be available to all class members if the case is settled or won at trial.

This article is for informational purposes only and does not constitute legal advice. Investors should consult with qualified legal counsel regarding their specific situation.