Avis Budget Shares Plunge 52% as Short-Squeeze Rally Reverses

businessstocks 2 posts · 2 accounts

Avis Budget Group shares plunged about 52% on April 23, extending a sharp reversal after the stock had surged 750% over the previous 35 days. The selloff erased roughly 57% of that run in a single move, turning one of 2026’s biggest short squeezes into one of its fastest reversals.

The rally had developed amid an unusually tight trading setup. Reuters reported on April 21 that Avis had become a short-squeeze trade, with 86.2% of its free float sold short and SRS Investment Management plus Pentwater Capital owning more than 71% of outstanding shares, conditions that left the stock vulnerable to a rapid unwind once momentum broke.

From the sources (2 posts)

@polymarket

JUST IN: Avis stock crashes -52% on the day.

@bulltheoryio

BREAKING: Avis Budget Group $CAR crashes 50% in just 6 hours. After rallying 750% in the last 35 days, the stock has now erased roughly 57% of that entire run in a single selloff. $CAR went from one of the biggest squeezes of 2026 to

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