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Avis Budget Group's stock price has experienced significant volatility in the past six months. In February 2026, the stock plunged due to a Q4 2025 earnings miss driven by a $518 million impairment charge related to its U.S. EV rental fleet, leading to a "reset" strategy focused on fleet utilization and cost controls. In April 2026, the stock surged dramatically, climbing as much as 700% in four weeks, before plummeting 48% from its peak on a single day, attributed to short-squeeze dynamics and retail momentum. The company reported a Q1 2026 EPS miss but revenue beat in April 2026, with the stock falling 13.74% despite revenue growth in the Americas segment and raised full-year adjusted EBITDA guidance. Shareholder derivative actions alleging disclosure failures regarding fleet rotation were dismissed in April 2026.