Carsales owner CAR Group gave hedge funds a timely kick in the pants on Monday.Its result didn’t disappoint; its outlook was pretty much in line with forecast, and it all got pretty squeezy. The stock jumped 10 per cent from the get-go, and stayed that way most of the trading day, as some of the doubters had to buy stock to cover short positions earlier than expected.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles