Avis CEO Addresses 'Excess Volatility' On CAR Short Squeeze: Vows To 'Aggressively Pursue' Shareholder Ri
Benzinga
Last updated: April 30, 2026
During its Q1 2026 earnings call, the company's CEO, Choi, addressed significant stock volatility for CAR stock. This volatility is linked to reports of a large-scale short squeeze, reportedly orchestrated by market makers.
- The company is experiencing "excess volatility" concerning its CAR stock.
- This situation has been a subject of discussion following reports of a substantial short squeeze.
- These reports suggest that the short squeeze was allegedly manufactured.
- The alleged orchestrators of this short squeeze are identified as market makers.
- The company's leadership is directly acknowledging and commenting on this phenomenon.
- The earnings call was the venue for these comments.
- The timeframe for these events is the first quarter of 2026.
- The stock in question is referred to as CAR stock.
- The CEO's name is Choi.
- The discussion centers on the financial market dynamics impacting the company's valuation.
- Specific details about the alleged manufacturing of the short squeeze are not elaborated upon in this excerpt.
- The primary concern highlighted is the "excess volatility."
- The company is responding to market rumors and actual stock price movements.
