With one of those, sure. Will add about 7 lbs to the rear of the car but it also improves weight distribution slightly.
Seriously, it would work. It would just be odd steering the car while going backwards for a lap to get back to the pits though.
That's pretty neat. I figured they could hook onto my chain loop, but that looks stronger. Kinda pricy, though.
http://www.etrailer.com/pc-OR~SW2546.htm