On January 25, 2016, SRS Investment Management, LLC announced that it has, from time to time, engaged in, and expects to continue to engage in, discussions with members of the Avis Budget Group, Inc's management and board of directors, other current or prospective stockholders, industry participants, investment professionals and other third parties regarding a variety of matters relating to the Company, which may include, among other things, the Company's business, management, capital structure and allocation, corporate governance, Board composition and strategic alternatives and direction.