Summary

• Month to date, the single best-performing Russell 1000 member has been Avis Budget.
• The rally in CAR is, in all likelihood, a short squeeze. Short interest data as of the end of March was published last Friday, and those readings showed 54% of the float in CAR sold short.
• Due to CAR, the transportation industry is the fifth most heavily shorted group, although if that stock were removed, the industry would rank in the middle of the pack.

Originally published on April 15, 2026

Stocks have broadly moved higher this month, and of the Russell 1000 members, one stock has left the rest of the index far behind. Month to date, the single best-performing Russell 1000 member

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