Verra Mobility Corp

Verra Mobility reported second-quarter revenue of $263.6 million, up 12% year over year, but swung to a net loss of $48.2 million due to a $104.4 million non-cash impairment charge tied to its T2 Systems parking unit. Adjusted EBITDA rose 5% to $110.7 million, and adjusted EPS increased to $0.38 from $0.34 a year earlier. The company signed a seven-year contract extension with Avis Budget Group and a five-year extension with Hertz, though management said the revised terms are materially less favorable and will weigh on growth in the second half. Verra Mobility also won a Los Angeles speed enforcement contract expected to generate $10 million in annual recurring revenue and updated full-year guidance to revenue of $945 million to $965 million and adjusted EBITDA of $360 million to $370 million.

Pomerantz LLP reminds investors with losses in Verra Mobility Corporation that a class action lawsuit has been filed against the company, and the deadline to seek lead plaintiff appointment is August 4, 2026. The lawsuit concerns whether Verra and certain officers or directors engaged in securities fraud or other unlawful business practices. On May 26, 2026, Verra disclosed that Avis Budget Group, historically one of its largest customers, had issued a termination notice effective September 2026, and the company also revised its 2026 outlook just 20 days after confirming all guidance metrics. Following this news, Verra's stock price fell $9.23 per share, or 70.57%, to close at $3.85 per share on May 27, 2026. Investors who purchased or acquired Verra securities during the class period may contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 for more information.

Hagens Berman Sobol Shapiro LLP has filed a securities fraud class action against Verra Mobility Corporation and set an August 4, 2026 lead plaintiff deadline for investors who purchased shares between February 24 and May 26, 2026. The lawsuit alleges the company and certain executives misled investors about the stability of its relationship with Avis Budget Group, downplaying the risk that major rental car customers would replace Verra’s services. On May 26–27, 2026, Verra disclosed a sudden Avis contract termination, slashed its 2026 outlook, and announced an operational restructuring, causing the stock to plummet 71 percent in a single day from $13.08 to $3.85 and wiping out roughly $1.4 billion in market capitalization. The firm has also expanded its investigation into the abrupt June 1, 2026 departure of long-time CEO David Roberts after a 12-year tenure, examining whether the leadership vacuum is linked to the Avis contract loss. Investors with substantial losses are encouraged to contact Hagens Berman to discuss their rights and potential lead plaintiff appointment.

Schall, Brown & Schwartz LLP reminds investors of a securities fraud class action lawsuit against Verra Mobility Corporation, with a lead plaintiff deadline of August 4, 2026. The lawsuit covers shareholders who purchased VRRM shares between February 24, 2026 and May 26, 2026, alleging the company made false and misleading statements. According to the complaint, Verra Mobility's Q1 2026 financial results revealed a drop in adjusted gross margin, lowered projected earnings, and a $31.3 million impairment related to Fabric Genomics, causing investor losses when the market learned the truth.

Bronstein, Gewirtz & Grossman, a nationally recognized investor-rights law firm, has filed a class action lawsuit against Verra Mobility Corporation and certain officers. The suit seeks damages for alleged violations of federal securities laws on behalf of investors who purchased or acquired Verra securities between February 24, 2026 and May 26, 2026. The complaint alleges that defendants misrepresented the nature and stability of Verra’s relationship with Avis Budget Group, including the likelihood of a contract extension, and downplayed the risk that major rental car companies could replace Verra’s services with in-house or alternative solutions. Investors have until August 4, 2026 to request lead plaintiff appointment, though participation in any recovery does not require serving as lead plaintiff. The firm represents investors on a contingency fee basis.

The Law Offices of Howard G. Smith reminds investors that securities fraud class action lawsuits have been filed against Badger Meter, PicS N.V., Verra Mobility Corporation, and Grail, Inc., with lead plaintiff deadlines approaching in early August 2026. The Badger Meter suit, with a deadline of August 3, 2026, alleges the company concealed weakening demand by pulling forward customer orders to recognize revenue early. The PicS N.V. action, deadline August 4, 2026, claims the company's IPO offering documents failed to disclose deficient credit evaluation procedures and a reclassification of approximately R$590 million of exposures, leading to an incremental expected credit loss charge of R$88 million. Verra Mobility, also with an August 4 deadline, is accused of misleading investors about its reliance on a contract extension with Avis Budget for continued growth. Grail, Inc., with the same August 4 deadline, allegedly misrepresented the sufficiency of data from its trial's first screening round and Pathfinder studies to demonstrate the achievability of a primary endpoint. Investors who suffered losses can contact the firm to discuss their legal rights.

Holzer & Holzer, LLC reminds investors that a shareholder class action lawsuit has been filed against Verra Mobility Corporation, and the lead plaintiff deadline is August 4, 2026. The lawsuit alleges that Verra made false and misleading statements and failed to disclose material adverse facts about its projected revenue outlook, anticipated growth of its Commercial Services segment, contract renewals with major rent-a-car customers, and growth in its rental car tolling business. Investors who purchased Verra shares between February 24, 2026 and May 26, 2026 and suffered a loss are encouraged to contact the firm to discuss their legal rights.

Faruqi & Faruqi, LLP reminds investors in Verra Mobility Corporation that the deadline to seek lead plaintiff status in a securities class action is August 4, 2026. The lawsuit, filed on behalf of purchasers of Verra securities between February 24, 2026 and May 26, 2026, alleges the company misled investors about its relationship with Avis Budget Group and the likelihood of a contract extension. On May 26, 2026, Verra disclosed a termination notice from Avis and lowered its full-year financial outlook, causing its stock to fall from $13.08 to $3.85 per share, a decline of about 71%. The firm encourages affected investors to contact partner Josh Wilson directly to discuss their legal options.

Bernstein Liebhard LLP reminds Verra Mobility Corporation investors of the August 4, 2026 deadline to join a securities fraud class action lawsuit. The lawsuit covers investors who purchased or acquired Verra common stock between February 24, 2026 and May 26, 2026, alleging that the company and certain senior officers made materially false and misleading statements about its business operations, growth prospects, and financial stability, causing the stock to trade at artificially inflated prices. Investors who suffered losses may seek to serve as lead plaintiff by filing papers by the deadline, though participation in any recovery does not require serving as lead plaintiff. The firm represents investors on a contingency fee basis, meaning shareholders pay no fees or expenses.

Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Verra Mobility Corporation on behalf of purchasers of Verra common stock between February 24, 2026 and May 26, 2026, with a lead plaintiff application deadline of August 4, 2026. The complaint alleges that the company made materially false and misleading statements about its relationship with Avis Budget Group and the likelihood of a contract extension, while downplaying the risk that major rental car companies could replace Verra with in-house or outsourced alternatives. On May 26, 2026, Verra Mobility disclosed that it had received a termination notice from Avis Budget Group effective September 2026, and that the termination is expected to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by approximately $120 million to $125 million before cost reduction initiatives. The stock price dropped following the news. Investors who suffered losses may contact the firm to discuss their legal rights.

Johnson Fistel, PLLP has filed a class action lawsuit on behalf of Verra Mobility Corporation investors, with a lead plaintiff deadline of August 4, 2026. The lawsuit covers investors who purchased Verra securities between February 24, 2026 and May 26, 2026, and alleges that the company made false or misleading statements about its growth prospects and customer relationships. Specifically, the complaint claims Verra downplayed the risk that major rental car customers could replace its services with in-house solutions and concealed that its relationship with Avis Budget Group, which accounted for approximately 10% of revenue, was at significant risk. The suit alleges that Verra disclosed on May 26, 2026, that Avis Budget Group had terminated the relationship, causing investor damages when the market learned the truth.

Hagens Berman Sobol Shapiro LLP alerts Verra Mobility Corporation investors that a securities fraud class action lawsuit has been filed, with a lead plaintiff deadline of August 4, 2026. The class period runs from February 24, 2026, to May 26, 2026, and the lawsuit alleges that Verra and certain executives made false and misleading statements about the company's relationship with Avis Budget Group, downplaying the risk of losing the contract. On May 26–27, 2026, Verra disclosed the sudden Avis contract termination, slashed its 2026 outlook, and announced an operational restructuring, causing the stock to plummet 71% in a single day from $13.08 to $3.85 and wiping out roughly $1.4 billion in market cap. The firm has also expanded its investigation into the abrupt June 1, 2026 departure of long-time CEO David Roberts, examining whether the leadership vacuum is linked to the Avis contract loss. Investors who purchased Verra Mobility common stock during the class period and suffered losses have until August 4, 2026, to seek appointment as lead plaintiff.

Rosen Law Firm reminds purchasers of Verra Mobility Corporation common stock between February 24, 2026 and May 26, 2026 of the August 4, 2026 lead plaintiff deadline in a securities class action. The lawsuit alleges that defendants made materially false and misleading statements and concealed adverse facts about Verra's relationship with Avis Budget Group, including obtaining a contract extension, while minimizing concerns that major rent-a-car companies could replace Verra with in-house or outsourced alternatives. Investors who purchased shares during the class period may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs. To join the class action or seek lead plaintiff status, investors must contact the firm before the deadline.

Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Verra Mobility Corporation and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Verra securities between February 24, 2026 and May 26, 2026. The complaint claims defendants misrepresented the stability of Verra's relationship with Avis Budget Group, downplayed the risk that rental car companies could replace Verra's services, and made materially false and misleading statements about the company's business and prospects. Investors have until August 4, 2026 to seek lead plaintiff appointment. The firm represents investors on a contingency fee basis.

The Portnoy Law Firm has filed a class action lawsuit on behalf of Verra Mobility Corporation investors who purchased securities between February 24, 2026 and May 26, 2026. The lawsuit alleges that Verra Mobility made materially false and misleading statements and concealed adverse facts about its relationship with Avis Budget Group, including downplaying the risk that major car rental agencies could replace its services. On May 26, 2026, Verra Mobility announced it received a termination notice from Avis Budget Group effective September 2026, and disclosed that the termination is expected to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by approximately $120 million to $125 million. Following this news, Verra Mobility shares fell $9.23, or approximately 71%, from $13.08 on May 26 to close at $3.85 on May 27, 2026. Investors have until August 4, 2026 to file a lead plaintiff motion.

Holzer & Holzer, LLC has announced upcoming deadlines for investors to seek lead plaintiff appointment in shareholder class action lawsuits against Badger Meter, Grail, and Verra Mobility. The Badger Meter lawsuit covers purchases between April 18, 2024 and April 16, 2026, with a lead plaintiff deadline of August 3, 2026. The Grail lawsuit covers purchases between May 13, 2025 and February 19, 2026, and the Verra Mobility lawsuit covers purchases between February 24, 2026 and May 26, 2026, both with a lead plaintiff deadline of August 4, 2026. Investors who suffered losses are encouraged to contact the firm.

The Gross Law Firm reminds Verra Mobility Corporation investors of the pending class action lawsuit with a lead plaintiff deadline of August 4, 2026. The class period runs from February 24, 2026 to May 26, 2026, covering allegations that the company made false and misleading statements about its relationship with Avis Budget Group and the likelihood of a contract extension. On May 26, 2026, Verra announced a termination notice from Avis and lowered its 2026 full-year financial outlook, followed on June 1, 2026 by the sudden departure of its President and CEO David Roberts. The stock price fell from $13.08 per share on May 26, 2026 to $3.85 per share on May 27, 2026, a decline of about 71%. Shareholders who purchased VRRM shares during the class period can register for the action at no cost.

The Law Offices of Howard G. Smith reminds investors that securities fraud class action lawsuits have been filed against Badger Meter, PicS N.V., Verra Mobility Corporation, and Grail, Inc., with lead plaintiff deadlines approaching in early August 2026. For Badger Meter, the class period runs from April 18, 2024 to April 16, 2026, and the deadline is August 3, 2026; the complaint alleges the company pulled forward customer orders to recognize revenue early, concealing weakening demand. PicS N.V., whose class period covers its January 2026 IPO, faces an August 4, 2026 deadline, with allegations that offering documents failed to disclose deficient credit evaluation procedures and a reclassification of approximately R$590 million of exposures leading to an incremental expected credit loss charge of R$88 million. Verra Mobility's class period spans February 24, 2026 to May 26, 2026, with an August 4, 2026 deadline, and the complaint claims the company's growth outlook was dependent on a contract extension with Avis Budget while minimizing risks of replacement. Grail, Inc.'s class period is May 13, 2025 to February 19, 2026, also with an August 4, 2026 deadline, and the suit alleges management misplaced confidence in trial results and ignored data suggesting the primary endpoint might not be met. Investors who suffered losses can contact the firm to discuss their legal rights.

Hagens Berman is broadening its investigation into Verra Mobility following the abrupt resignation of long-time CEO David Roberts and a securities class action tied to the loss of a key Avis Budget Group contract. The law firm disclosed the expanded probe on July 15, 2026, after Verra announced on June 1 that Roberts had stepped down after 12 years, with former Chief Transformation and Legal Officer Jon Keyser named interim President and CEO. The leadership shake-up comes after Verra revealed on May 26 that Avis had issued a termination notice effective September 2026, triggering a 70% single-day share price crash on May 27 that erased approximately $1.4 billion in market capitalization. A pending securities class action covering the period from February 24 to May 26, 2026, alleges Verra made false and misleading statements about the health of its relationship with Avis and the likelihood of a contract renewal. Hagens Berman is investigating whether the CEO departure is causally linked to the allegations and is urging investors with substantial losses or non-public information to come forward before the August 4 lead plaintiff deadline.

Glancy Prongay Wolke & Rotter LLP reminds Verra Mobility Corporation investors that the deadline to file a lead plaintiff motion in a securities fraud class action is August 4, 2026. The lawsuit covers investors who purchased Verra common stock between February 24, 2026 and May 26, 2026. The complaint alleges the company made misleading statements and failed to disclose that its growth outlook depended on a contract extension with Avis Budget Group, and that major rental car companies could replace Verra with in-house or outsourced alternatives. On May 26, 2026, Verra disclosed a termination notice from Avis Budget and lowered its full-year 2026 financial outlook, causing its stock to drop $9.23, or 70.6%, to close at $3.85 per share on May 27, 2026. The company also announced on June 1, 2026 that its President and CEO had been terminated.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Verra Mobility Corporation and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased Verra securities between February 24, 2026 and May 26, 2026. The complaint claims defendants misrepresented the nature and stability of Verra’s relationship with Avis Budget Group, including the likelihood of a contract extension, and downplayed the risk that major rental car companies could replace Verra’s services with in-house or alternative solutions. Investors have until August 4, 2026 to seek lead plaintiff appointment. The firm represents investors on a contingency fee basis.

Rosen Law Firm reminds purchasers of Verra Mobility Corporation common stock between February 24, 2026 and May 26, 2026 of the August 4, 2026 lead plaintiff deadline in a securities class action. The lawsuit alleges that defendants made materially false and misleading statements and concealed adverse facts about Verra's relationship with Avis Budget Group, including obtaining a contract extension, and minimized concerns that major rent-a-cars could replace Verra with in-house solutions or outsourced alternatives. Investors who purchased Verra common stock during the class period may be entitled to compensation through a contingency fee arrangement. To join the class action or seek lead plaintiff status, investors must move the Court by August 4, 2026.

Hagens Berman is broadening its investigation into Verra Mobility Corporation following the abrupt resignation of long-time CEO David Roberts. The investigation comes after a securities class action suit alleging the company made false and misleading statements about its relationship with Avis Budget Group. On May 26, 2026, Verra disclosed it received a termination notice from Avis effective September 2026, causing its shares to crash 70% and wiping out $1.4 billion in market capitalization in a single day. The Board has appointed Jon Keyser as interim President and CEO while searching for a permanent replacement. Hagens Berman is examining whether the leadership change is linked to the allegations in the class action.

The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Badger Meter, PicS, Verra Mobility, and Grail, with lead plaintiff deadlines approaching. For Badger Meter, the class period is April 18, 2024 to April 16, 2026, and the lead plaintiff deadline is July 27, 2026; the complaint alleges the company pulled forward customer orders to recognize revenue early, concealing weakening demand. For PicS, the class period is January 27, 2026 to June 5, 2026, with a deadline of August 4, 2026; the complaint alleges the offering documents misrepresented credit evaluation procedures and failed to disclose a heightened Stage 3 formation rate and other risks. For Verra Mobility, the class period is February 24, 2026 to May 26, 2026, and the deadline is August 4, 2026; the complaint alleges the company's growth plans were dependent on a contract extension with Avis Budget and that it minimized risks of replacement. For Grail, the class period is May 13, 2025 to February 19, 2026, with a deadline of August 4, 2026; the complaint alleges management's confidence in trial results ignored trendlines suggesting the primary endpoint would be harder to achieve. Investors who suffered losses can contact the firm to discuss their legal rights.

Kirby McInerney LLP reminds Verra Mobility Corporation investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a pending federal securities class action. The lawsuit covers investors who purchased securities between February 24, 2026 and May 26, 2026, alleging the company made false and misleading statements about its relationship with Avis Budget Group and minimized the risk that rental agencies could replace its services. On May 26, 2026, Verra Mobility disclosed a termination notice from Avis Budget Group effective September 2026, expecting the move to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and segment profit by approximately $120 million to $125 million. Following the news, Verra Mobility shares fell $9.23, or approximately 71%, from $13.08 on May 26 to close at $3.85 on May 27, 2026.

A securities fraud class action lawsuit has been filed against Verra Mobility Corporation on behalf of investors who purchased or acquired Verra common stock between February 24, 2026 and May 26, 2026. The lawsuit, filed in the United States District Court for the District of Arizona, alleges that the company made materially false and misleading statements and failed to disclose that its growth in Commercial Services depended on a contract extension with Avis Budget Group, and that major customers could replace Verra with in-house or outsourced alternatives, making its 2026 guidance unlikely to be met. On May 26, 2026, Verra disclosed a termination notice from Avis Budget Group effective September 2026, expecting a reduction in Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and segment profit by approximately $120 million to $125 million, and lowered its full-year outlook, causing the stock to fall $9.23 per share, or 70.6%, to close at $3.85 per share on May 27, 2026. Investors have until August 4, 2026 to seek lead plaintiff status through counsel such as Kessler Topaz Meltzer & Check, LLP.

Verra Mobility Corporation faces a securities class action lawsuit after revealing that Avis Budget Group, one of its three largest Commercial Services customers, terminated renewal negotiations. The suit represents investors who purchased Verra common stock between February 24, 2026 and May 26, 2026. On May 26, 2026, Verra disclosed the termination notice effective September 2026, announced immediate cost cuts and operational adaptations, and revised its 2026 outlook significantly from guidance given just twenty days prior. The news caused Verra shares to crash 70% on May 27, 2026, wiping out $1.4 billion in market capitalization in a single day. CEO Roberts departed from his employment and the board five days later.

Pomerantz LLP has filed a class action lawsuit against Verra Mobility Corporation and reminds investors who purchased or acquired Verra securities during the Class Period that they have until August 4, 2026, to seek appointment as Lead Plaintiff. The lawsuit concerns whether Verra and certain officers and/or directors engaged in securities fraud or other unlawful business practices. On May 26, 2026, Verra disclosed receipt of a termination notice effective September 2026 from Avis Budget Group, historically one of its largest customers, and announced immediate cost-cutting actions and a revised 2026 outlook, despite confirming all 2026 guidance metrics just 20 days earlier. Following this news, Verra’s stock price fell $9.23 per share, or 70.57%, to close at $3.85 per share on May 27, 2026. Investors with losses are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980.

SueWallSt reminds investors that a securities class action has been filed against Verra Mobility Corporation, with a lead plaintiff deadline of August 4, 2026. The lawsuit covers purchases of VRRM stock between February 24, 2026 and May 26, 2026, alleging that the company misled shareholders about the stability of its relationship with Avis Budget Group, a customer representing over 10% of total revenue. Verra Mobility shares plunged 71%, falling $9.23 from $13.08 to $3.85 in a single session on May 26, 2026, after the company disclosed that Avis had issued a termination notice ending a nearly two-decade partnership and slashed revenue guidance by $35 million at the midpoint. The complaint claims that while negotiations were breaking down internally, public statements described the relationship as durable and constructive, and that the CEO's abrupt departure on June 1, 2026 further underscores questions about what senior leadership knew.

Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Verra Mobility Corporation, and they have until August 4, 2026 to seek appointment as lead plaintiff. The lawsuit, filed in the United States District Court for the District of Arizona, covers purchasers of Verra common stock between February 24, 2026 and May 26, 2026. The complaint alleges that defendants made materially false and misleading statements about Verra's relationship with Avis Budget Group, including the likelihood of a contract extension, while minimizing the risk that major rental car companies could replace Verra with in-house or outsourced alternatives. On May 26, 2026, Verra disclosed it had received a termination notice from Avis effective September 2026, and that the termination is expected to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by approximately $120 million to $125 million, before cost reduction initiatives. The stock price dropped following the news.

Grabar Law Office is investigating claims on behalf of long-term shareholders of Badger Meter, GeneDx Holdings, GRAIL, and Verra Mobility, concerning whether certain officers and directors breached their fiduciary duties. For Badger Meter, a recently filed federal securities class action alleges that the company attributed strong financial performance to sustainable demand-driven growth while results were materially impacted by pull-forward of customer orders, masking weakening demand trends, and the truth emerged through disappointing quarterly announcements in 2025 and 2026 that caused significant stock declines. For GeneDx, a securities fraud class action alleges that executives made false statements about the Fabric acquisition improving financials and creating efficiencies, when they knew of significant problems in Fabric's viability that would negatively impact the business. For GRAIL, a complaint alleges that officers misled investors about the likelihood that the NHS-Galleri cancer screening trial would meet its primary endpoint, and the stock fell more than 50% in a single day after the company announced on February 19, 2026 that the trial failed to achieve a statistically significant reduction in late-stage cancers. For Verra Mobility, a class action alleges that executives created a false impression about revenue outlook and contract renewals while minimizing risks, and the stock declined approximately 71% after the company announced on May 26, 2026 that it received a termination notice from Avis Budget Group and lowered its full-year 2026 financial outlook. Shareholders who purchased or acquired shares prior to specified dates and still hold them can seek corporate reforms and return of funds at no cost.