Avis Budget (CAR) Stock Surges 10% Amid Short Squeeze Dynamics

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2026-04-08 10:15:02

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Avis Budget Group (CAR) shares jumped 10% to $235 in midday trading, fueled by heavy call buying and short squeeze mechanics. The stock has gained 118% over the past month, buoyed by a thin float of just 13.05 million shares. Hertz (HTZ) mirrored the rally, rising 8% to $5.70 on similar options-driven momentum.

Wall Street remains skeptical, maintaining a "Reduce" rating with an average price target of $115. The Q4 FY2025 earnings report showed a significant EPS loss of -$21.25, driven by a $518 million impairment charge related to electric vehicles.

The squeeze dynamics highlight how thin liquidity and aggressive options trading can amplify price movements in low-float stocks. Market makers hedging call positions create reflexive buying pressure, attracting momentum traders into the fray.

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