Avis and Hertz Stocks Surge. High Rental Prices and Strong Used-Car Sales Are Helping. [Barron's]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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ir.avisbudgetgroup.com
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Source: Barrons
Rental-car pricing has been strong and so have used-car prices, which helps companies when they unload their fleets. The prospect of new-car shortages lasting into 2022 could mean that tight industry conditions will persist and allow high profitability to continue. Avis Budget Group (ticker: CAR) hit another record high Friday and ended the session at $138.20 up $11.75, or 9.3%. The stock is up over 50% since Sept. 15. Avis is valued now $9.2 billion. Hertz Global Holdings (HTZZ), which on June 30, gained 25 cents Friday at $26.25 and has risen 35% this past week. Hertz was earlier this week that board member Mark Fields, a former Ford Motor CEO, will become interim CEO. Hertz is valued at $12 billion. Barron’s has written favorably on Hertz. Hertz has said it wants to do a “re-IPO” by year-end with an investor roadshow and those events could happen in next month or so. That could raise Hertz’s profile with investors as will a planned shift in Hertz’s listing to either the Nasdaq o
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News
- Hertz Global eyes worst day on record as EV rental business falters [Reuters]Reuters
- Hertz Global eyes worst day on record as EV rental business falters [Yahoo! Finance]Yahoo! Finance
- Centrus Energy: Secular Tailwinds And Regulatory Environment Make The Company Still Cheap [Seeking Alpha]Seeking Alpha
- Avis Budget Group to Announce First Quarter 2024 Results on May 1st [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group to Announce First Quarter 2024 Results on May 1stGlobeNewswire
CAR
Earnings
- 2/12/24 - Beat
CAR
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/18/24 - Form 8-K
- CAR's page on the SEC website