Differentiating "to do a burnout" and "burning tyres" "To do a burnout" is 烧胎, so I assume a reasonable sentence would be:


  昨天晚上我在停车场烧胎。


How would one distinguish this activity from piling up tyres and setting fire to them, for example in this news clipping:


  [Pupils] had been unable to go to school ... because roads were being blocked with stones and burning tyres.


The problem was not that people were doing burnouts on the road to school.

TL;DR
烧胎 is a technical term understood by motor-sports enthusiasts as a burnout. If you are really burning tyres, you would need to say 烧轮胎 instead:


  昨天晚上我在停车场烧轮胎。


A translation for your news clipping example would be:


  [学生]无法去上学......因为道路被石头和燃烧着的轮胎给封锁了。


TL;DR???