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Why This Avis Budget Analyst Remains Bearish Despite Positive Third Quarter Earnings
Tuesday, November 1, 2022 - 6:28pm | 477Due 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...
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This Rental Car Stock's 1-Year Return Laps Tesla, Nio, GE, Plug Power
Wednesday, January 19, 2022 - 11:30am | 320Avis Budget Group Inc. (NASDAQ: CAR) gets you where you need to go, and over the past year, portfolios a ride of a lifetime. Since January 2021, Avis stock’s one-year return has outperformed several of the world’s most popular EV and clean energy stocks: Tesla Inc (NASDAQ:...
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Highlights From Detroit's CityLab Conference
Thursday, November 1, 2018 - 3:16pm | 824Detroit is a city rich in history with narratives of achievement and revival that continue to unfold. The city played host to The Atlantic's CityLab conference, welcoming leaders, executives and peers from around the world to discuss the challenges faced by cities. “Cities are...
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'Cities Need To Move Faster': Mobility Execs Discuss The Future Of Transportation
Tuesday, October 30, 2018 - 3:37pm | 603Three executives at the CityLab conference in Detroit tackled the future of transportation challenges in big cities and the introduction of new mobility options to improve both safety and effectiveness. The panel included Robin Chase, the former CEO of Zipcar and leader of the group Shared Mobility...
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Travel Smarter With Ridesharing And Car Sharing
Thursday, March 15, 2018 - 7:55am | 413With the rising cost of car insurance and an increase of millennials moving into urban areas, it makes sense that renting, leasing, or buying a car are becoming less attractive options. Riders don't have to worry about having the best car insurance, regular maintenance, or car payments. Now...
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With Avis Deal, Waymo Solves A Key Autonomous Car Challenge
Monday, June 26, 2017 - 1:26pm | 769Avis Budget Group Inc. (NASDAQ: CAR) announced Monday it has formed a partnership with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s autonomous car business, Waymo. Under a multi-year agreement, Avis will service and store 600 of Waymo’s self-driving cars. The fleet is part of Waymo...
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Automakers Shift Lanes As Disruptive Technologies Take Over
Tuesday, January 31, 2017 - 4:57pm | 1482It is the battle of tradition versus the modern, which possess disruptive potential. Traditional automakers such as General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), Fiat Chrysler Automobiles NV (NYSE: FCAU) and Toyota Motor Corp (ADR) (NYSE: TM) are facing stiff...
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Meet Tien Tzuo, The Man Helping Businesses Join The Subscription Revolution
Saturday, September 26, 2015 - 12:05pm | 1381Subscription-based services like Amazon.com, Inc. (NASDAQ: AMZN) Prime and Netflix, Inc. (NASDAQ: NFLX) have forced companies in every sector to re-examine their business models. Many of these companies have turned to Zuora for help. Co-founded by Tien Tzuo, Zuora makes it possible for...
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Car Companies Watch The Rising Ride-Share Industry Warily
Friday, September 19, 2014 - 9:02am | 623A lot of Internet and newspaper ink has spilled recently about the global rise of the vehicular pick-up and ride-sharing industry. Automakers appear to be positioning themselves for whatever economic and cultural changes companies like Uber, Zipcar Inc and Lyft are bringing -– or might...
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The Rental Nation: How New Technologies & Economic Uncertainty Have Transformed the Market
Wednesday, December 4, 2013 - 9:59am | 1021Are U.S. consumers transitioning to a rental culture? The idea of rent-to-own products like furniture, cars and electronics has been around for decades, if not longer – and was considered a trend born of economic necessity, especially as the recent recession deepened. If you can't afford to...
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Studies Show Americans Are Driving Less and the Reasons Vary
Monday, July 29, 2013 - 1:22pm | 553A new study by the University of Michigan Transportation Research Institute concluded that Americans are driving less. According to The Car Connection, the University of Michigan study backs up a similar study conducted by the U.S. Public Research Group in May. Michael Sivak, author of the...
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Earnings Preview: Avis Budget on a Roll
Tuesday, November 1, 2011 - 6:58am | 645Avis Budget Group (NASDAQ: CAR) is scheduled to report third-quarter 2011 results Wednesday, November 2, after the closing bell. Investors will be looking for a repeat of the second-quarter results, when the car and truck rental specialist said revenues rose for the fourth consecutive quarter and...
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Markets in Everything: Neighbor Car Sharing
Monday, August 15, 2011 - 2:20pm | 358Boston -- "Since its launch in 2000, Zipcar has shaken up the car rental market and grown to include more than 550,000 members in the United States, Canada, and the United Kingdom. Its main selling points? The ability to reserve vehicles by the hour instead of by the day and the convenience of...
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JP Morgan Comments on Hertz Rebranding
Wednesday, July 13, 2011 - 8:46am | 116Hertz (NYSE: HTZ) announced that it is rebranding its “car-sharing service to ‘Hertz On Demand,'” J.P. Morgan reports. “Although the initiative is indicative of HTZ's interest in growing its car-sharing program, we do not expect a material impact to Zipcar (NYSE: ZIP) in the near term,” J.P....
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Oppenheimer Takeaways from Zipcar Conference Call
Thursday, June 16, 2011 - 7:23am | 115Oppenheimer is providing a few conference call takeaways on Zipcar Inc. (NASDAQ: ZIP). “Following our conference call with the President/COO and CFO of ZIP, we are highlighting several take-aways: 1) management sees a ‘good portion of growth' from existing cities through continued marketing...