$CAR

Avis Budget Group (CAR) stock surged nearly 390% in April, driven by a short squeeze. Michael Burry called the rally 'dumb luck.' SRS Investment and Pentwater Capital collectively control more than the company's outstanding shares, including derivatives. Barclays downgraded CAR to 'Underweight,' raising its price target to $150. Short interest is at 86.2%, fueling volatility.

CAR Group's stock has fallen 35% from its 2025 peak due to AI concerns, despite CEO William Elliott's confidence in the company's moat. The company reported revenue of $1,253 million and EBITDA of $667 million, with international markets growing faster than Australia. Morningstar has noted AI's potential impact on CAR Group and similar companies.

AVIS BUDGET GROUP, INC. (CAR) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 1, 2026, Avis Budget Group, Inc. (the “Company”) announced that Ravi Simhambhatla, Executive Vice President an

Avis Budget Group (CAR) rose 5.33% to $145.48 on Monday, breaking key technical levels after a pre-market dip. The rally followed a Q2 earnings miss and potential short covering. Technical indicators show mixed signals, with daily overbought and weekly oversold readings. Key levels to watch include $146.40 (weekly R1) and $136.35 (daily S1).

ASX 200 closed at 9,115.20, down 0.8% on the day and 1.6% for the week, with miners weighing on the index. BHP fell 3.31% and Rio Tinto 3.14%. The Information Technology sector rose 2.83%. Seek gained 9.13%, while Mesoblast and 4DMedical fell. BHP is set to report next week’s FY results.

Simhambhatla Ravi (EVP, CDIO - see remarks) sold 4,702 shares of AVIS BUDGET GROUP, INC. (CAR) at an average of $138.79 ($138.27–$140.27, $0.65M total) across 3 trades on 2026-08-07.

CAR Group Ltd shares rose about 10% to A$29.70 after the carsales.com.au owner reported FY26 net profit after tax of A$314m, up 14%, and proforma revenue of A$1.253b, up 12% in constant currency. Adjusted NPAT was A$407m. The company lifted the final dividend to 43.5c and guided FY27 revenue growth of 11% to 14% and earnings growth of 10% to 13%.

CAR Group, the owner of Carsales, said its results were broadly in line with forecasts and its outlook matched expectations, according to the company. The stock rose about 10% on Monday, with a short squeeze forcing some hedge funds to buy shares to cover earlier than expected.

The ASX 200 fell 0.43% to 9,223.7 at 2:30 p.m. AEST on Monday as a selloff in major banks offset gains in mining, healthcare, gold and tech. Westpac shares dropped after a soft Q3 update, and the sector dragged the big four. Element Fleet Management lodged an indicative $3.80 cash bid for FleetPartners, while Treasury Wine Estates disclosed a $558.4m post-tax charge.

A weekly ASX short-selling recap (data lagged 4 days) lists the 10 most shorted stocks and the biggest changes in short interest. Healius entered the top ten, replacing Treasury Wine. Lotus Resources saw a 57.5% one-day short-interest dip after a $60m raise at 22c. Web Travel Group’s short interest fell ahead of a guidance beat and up to $90m buyback; shares rose 17.1%.