rental cars

JPMorgan analyst Ryan Brinkman reiterated the Underweight rating on Hertz Global Holdings, Inc (NASDAQ:HTZ) on Wednesday. Brinkman suggests that while rental car firms like Hertz may have structurally enhanced earnings through better pricing strategies and partnerships with companies such as...

Hertz Global Holdings Inc (NASDAQ:HTZ) shares picked up momentum heading into Wednesday’s close and have continued to move higher in after-hours trading. Here’s a look at what’s going on. What To Know: Hertz shares surged Wednesday morning after Bill Ackman's Pershing Square...

Goldman Sachs analyst Lizzie Dove upgraded Avis Budget Group, Inc (NASDAQ:CAR) shares to Neutral from Sell, raising the forecast to $130 from $118. According to the analyst, Avis Budget will fare better than its peers given its lean cost base, lower exposure to EVs and...

Hertz Global Holdings Inc (NASDAQ:HTZ) announced Thursday it planned to cut one-third of its global EV fleet over the year. Following the announcement, Hertz CEO Stephen Scherr suggested the road to electrification could be bumpier than anticipated. What To Know: In a new regulatory filing, Hertz...

Car Rental Service Hertz Global Holdings Inc (NASDAQ:HTZ) reflected on Tesla’s impact on its business during the company’s third-quarter earnings call this week. What Happened: Electric vehicles bear a higher cost of collision and damage repair as compared to combustion engine vehicles...

Major Wall Street indices witnessed see-saw movements on Tuesday as Federal Reserve Chair Jerome Powell acknowledged once again that the disinflationary process has begun but also added that the central bank would have to raise rates more than what is priced-in if the labor market remains strong...

Avis 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:...

Avis Budget Group Inc.’s (NASDAQ: CAR) stock has climbed more than 62 percent in the past month. Investors seem to be either assigning more value in the company’s nearer-term earnings than its earnings in outer-years, or expecting higher normalized EBITDA, according to Morgan Stanley....

Rental car operator Avis Budget Group Inc. (NASDAQ: CAR) is likely to face headwinds from a growing off-lease vehicle supply, continued on-airport competition and rising interest rates, according to Goldman Sachs.  The Analyst Goldman analyst David Tamberrino downgraded shares of Avis...

The historic round of vehicle recalls this year by General Motors (NYSE: GM), as well as similar events at Ford (NYSE: F) and Chrysler –- a division of Fiat (OTC: FIATY) -– don't appear to have negatively impacted the public's growing demand for new cars. But all those...

For months now, Colorado has been reaping the economic fruits of the state's legalization of recreational marijuana use for adults. Denver, Colorado's largest city and home to the majority of the state's cannabis dispensaries, has been enjoying a variety of financial benefits,...

A previous article on Benzinga detailed why investors should be bullish about the business models of car rental companies such as Avis Budget Group (NYSE: CAR), Ryder Systems (NYSE: R), and Hertz Global Holdings (NYSE: HTZ). This advice has since been underscored by reports that legendary...

Holiday travelers know they have to brace themselves financially as they take to the skies this week. But picking up a rental car isn't going to be much of a picnic for your wallet, either. A new CheapCarRental.com survey of rental car rates at 30 U.S. destinations shows a lot of companies have...