Avis Budget Group Shares Crash Following Massive EV Fleet Write-Down

Avis Budget Group (CAR) shares experienced a significant decline following a massive write-down on its electric vehicle (EV) fleet. The financial hit stems from the depreciating value of EV assets, which weighed heavily on the company's performance in the last quarter. Financial reports indicate that the company incurred higher losses in 2024 compared to 2025, further dampening investor sentiment. Despite the current downturn, analysts suggest a potential return to profitability by 2026 as the company stabilizes its operations. The crash highlights the ongoing challenges rental car companies face when integrating electric vehicles into their business models. Investors remain cautious as the company navigates through these substantial asset adjustments and multi-year losses.