car rental

Companies are known for shelling out millions of dollars in marketing spend through endorsement deals with athletes and celebrities. Endorsement deals for athletes can sometimes make more than the earnings on the field or court, as highlighted by Michael Jordan making more from Nike alone than his...

Car rental company Hertz Global Holdings (NASDAQ: HTZ) saw shares trade higher Tuesday after reporting quarterly financial results. Here’s what one analyst has to say about the results and how electric vehicles could be helping the company. What Happened: Hertz Global reported fourth quarter...

Due to a surprisingly low $10 a unit per month depreciation figure, Avis Budget Group Inc (NASDAQ: CAR) beat its consenus adjusted EBITDA estimates by 32%. The Analyst: Morgan Stanley analyst Adam Jonas reported there was a race between falling share count and falling...

Hertz Global Holdings Inc (NASDAQ: HTZ) has started adding Tesla Inc’s (NASDAQ: TSLA) mid-size sports utility vehicle Model Y to its fleet, the car rental firm’s website revealed on Wednesday. What Happened: The company had so far been adding Tesla...

By Peter Jobes Car sharing marketplace, Turo Inc has launched its filing for a stock market floatation in the United States. The Daimler AG-backed startups also revealed its finances for the first time, highlighting a 207% jump in revenue in 2021. With the company well on the road to profitability...

The apocalypse of car rental begins!   Remember the good old days before the COVID-19 pandemic, when you could plan a trip anywhere and not think about renting a car beforehand? Remember coming to the rental desk at the airport and taking a free car, or while sitting at the gate, in a hurry...

Shares of car rental company Avis Budget Group Inc. (NASDAQ: CAR) are up more than six-fold since bottoming at $6.35 last March and three catalysts could help lift shares even higher, according to BofA Securities. The Avis Budget Analyst: Aileen Smith initiated coverage of Avis Budget Group's...

The New York Stock Exchange initiated proceedings to delist Hertz Global Holdings Inc (NYSE: HTZ) on Tuesday following the car rental chain's bankruptcy filing, according to Reuters.   Coronavirus Fuels Hertz Bankruptcy Filing  Economic damage from the coronavirus ...

Shares of Hertz Global Holdings Inc (NYSE: HTZ) traded lower Tuesday morning after activist investor and major shareholder Carl Icahn lowered his stake in the vehicle rental company. What Happened Icahn confirmed in a regulatory filing one of his investment firms, Higher River Limited Partnership,...

Hertz Global Holdings Inc (NYSE: HTZ) reported Thursday its third-quarter results, but Morgan Stanley's bearish stance remains unchanged despite the "first big beat in years." The Analyst Morgan Stanley's Adam Jonas maintains an Underweight rating on Hertz Global with an unchanged...

The Street has its eyes on the rental car industry as Hertz Global (NYSE: HTZ), Avis Budget Group (NASDAQ: CAR), Dollar Thrifty Automotive Group (NYSE: DTG) and Zipcar (NASDAQ: ZIP) report earnings this week. Amid concerns of softening across the sector due in part to macro outlook and automobile...