Avis Budget (CAR) Stock Crashes as 600% Short Squeeze Rally Fully Unwinds

Avis Budget Group Inc. shares crashed back to earth, fully unwinding a 600% short-squeeze rally that had punished bearish investors. The stock's collapse ends a period of extreme volatility driven by heavy short interest and retail buying. The move marks a complete reversal of the squeeze that had pushed the rental-car company's shares to record highs.