car rentals

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...

The rental car industry, after a stellar performance boosted by the pandemic, is poised to embrace electrification, Reuters reported. Asian automakers could enter the electric transition, dominated by companies in the west, mainly in the U.S. and Europe. The report quoted Olivier Baldassari,...

Hertz Global Holdings Inc. (NYSE: HTZ) on Thursday in a filing with the United States Securities and Exchange Commission said it had abandoned a plan to raise $500 million in a stock offering. SEC Review Led To Sale Abandonment The bankrupt car rental company noted it "determined that it...

Hertz Global Holdings Inc. (NYSE: HTZ) has put on hold its $500 million share offering as it awaits a review by the Securities and Exchange Commission. What Happened In a filing with the SEC, Hertz revealed that on Monday afternoon, it was informed by the Commission’s Division of...

Hertz Global Holdings Inc. (NYSE: HTZ) stock bounced higher on Monday with record volumes, continuing a three-day streak of gains after the car rental company declared bankruptcy as COVID-19 severely impacted travel. What Happened Hertz stock rose 115.18% to $5.53, with a volume of 553 million...

Elevated investments and spending by Hertz Global Holdings, Inc (NYSE: HTZ) will soon result in a favorable impact to the rental car company's business, according to Wall Street's newest bull analyst. The Analyst Macquarie Research's Hamzah Mazari upgraded Hertz's stock...

Sympathy trade, or otherwise trading in a stock based on the news impacting another stock belonging to the same sector, is one of the trading strategies investors can profitably adopt to their advantage. Following the release of disappointing quarterly results and slashing of guidance by car...

Shares of Hertz Global Holdings, Inc (NYSE: HTZ) fell roughly 15 percent and hit a new all-time low of $11.78 on Tuesday. Investors and traders were reacting to the car rental's earnings report, which fell well short of expectations. Following the report, Chris Woronka of Deutsche Bank maintains a...

Analysts at UBS found something puzzling about United Rentals, Inc. (NYSE: URI)'s earnings report: Why was utilization in the quarter strong at a time when rates were weak? The puzzling trend may contribute in some way to the stock's more than 5 percent decline Thursday morning. UBS's analyst...

Shares of Hertz Global Holdings, Inc (NYSE: HTZ) and Avis Budget Group Inc. (NASDAQ: CAR) are taking a ride lower Tuesday following news of comments about European weakness from Avis reps. The commentary came from a presentation at the Deutsche Bank Leveraged Finance Conference in Arizona. Avis...

Shares of Hertz Global Holdings Inc (NYSE: HTZ) surged higher by more than 7 percent early Thursday morning after the company announced it has reached a rental deal with both Uber Technologies and Lyft — the two most popular ride sharing platform. Hertz announced in a press release it reached...

Deutsche Bank said car rental operators Avis Budget Group Inc. (NASDAQ: CAR) and Hertz Global Holdings Inc (NYSE: HTZ) may report first-quarter results below consensus on weak pricing trends. A Look At Avis And Hertz Avis Budget is expected to report its quarterly numbers on May 3 after market...

Q3 earnings season for car rental companies Avis Budget Group Inc. (NASDAQ: CAR) and Hertz Global Holdings Inc (NYSE: HTZ) begins this week. After a weak 2015 thus far, MKM Partners believes that the car rental stocks could be poised for a strong 2016. The firm recommends two bullish options plays...