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Barchart
Barchart
Ruchi Gupta

As a Short Squeeze Takes Hold of Avis Budget Stock, Should You Load Up on CAR Shares?

Avis Budget Group (CAR) is a premier provider of global mobility solutions. The company operates three of the most recognized brands in the industry, such as Avis, Budget, and Zipcar, alongside regional brands like Payless and Maggiore. Avis Budget Group serves a diverse customer base ranging from premium business travelers to price-sensitive renters and urban car-sharers. The company is currently focused on a multi-year transformation, leveraging advanced fleet management technology and data analytics to optimize vehicle utilization and transition toward a more sustainable, electric-ready global fleet.

Founded in 1946, the company has expanded to over 10,000 locations worldwide with its headquarters in Parsippany, New Jersey.

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