Short Sellers Squeezed Hard as Avis Shares Rocket 150% [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: Yahoo! Finance
They're the classic signs of a painful short squeeze, and they've rapidly come into view for Avis Budget Group Inc. Avis shares soared more than 150% in the past three weeks after Pentwater Capital Management said it acquired a sizable stake in the rental-car company, which already has an outsized shareholder in SRS Investment Management. That's making it hard for short sellers to continue borrowing the stock, and the cost of doing so has skyrocketed, according to financial analytics firm S3 Partners. S3 Managing Director Ihor Dusaniwsky says he is watching to see whether traders betting against the shares will keep holding on or cut their losses. “This is a stock that has been short squeezed,” Dusaniwsky said. “This is like going to a Nascar race. The crashes sure are really interesting.” Bearish investors have shorted about 43% of the tradeable shares of Avis as of Wednesday, down from 49% in mid-March, according to S3. When heavily shorted stocks rise sharply, some beari
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News
- Billionaire Karthik Sarma Scores Big As Avis Stock Surges 160% [Yahoo! Finance]Yahoo! Finance
- Avis Budget (CAR) Rockets to 4-Year High — Here's Why [Yahoo! Finance]Yahoo! Finance
- Why Shares of Car-Rental Outfit Avis Are Driving Higher Today [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Why Is Avis Budget Group (CAR) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group (CAR) was downgraded by Deutsche Bank Aktiengesellschaft from "buy" to "hold". They now have a $128.00 price target on the stock.MarketBeat
CAR
Earnings
- 2/18/26 - Miss
CAR
Sec Filings
- 4/7/26 - Form SCHEDULE
- 4/2/26 - Form DEFA14A
- 4/2/26 - Form DEF
- CAR's page on the SEC website