Avis Budget Group just pulled off something that shouldn’t be possible. A company buried under $25B in debt just went vertical — +600% in a month, smashing all-time highs at $608.80 after a +23% single-day surge. $Avis Budget(CAR)$ Read that again. Now here’s where reality starts to glitch: Two hedge funds — SRS Investment Management and Pentwater Capital Management — quietly control 71% of the shares. But it gets crazier. Once you include their cash-settled equity swaps, their effective exposure goes over 100% of the entire float. Yes — more claims than actual shares in existence. Meanwhile, the company itself? – Burned $995M – Crushed under massive debt – Fundamentals deteriorating for months And the market said: doesn’t matter. Because th