A Car Rental Stock Is Up 700% In One Month. Is It A Meme Stock? [Forbes]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Forbes
The car rental company's stock rallied to record highs Wednesday, despite the business reporting billion-dollar net losses in the last two years as demand for used cars declined and expensive business decisions—like expanding its fleet of electric vehicles—ate away at profits. The stock surge could in part be due to increasing travel demand since January as noted by Deutsche Bank, with some travelers—especially spring breakers—opting to drive to avoid flight delays and complications due to airport staffing shortages during a partial government shutdown in February and March. But the extreme rally this month is mainly due to investors who had previously bet that the company would not do well by using a method called shorting—when an investor borrows shares of the stock from someone and immediately sells it to someone else, with the intent of buying those shares back when prices go down so they can pocket the difference when paying back the original owner of the shares. A series
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GME
Earnings
- 9/9/25 - Beat
GME
Sec Filings
- 4/15/26 - Form 4
- 4/13/26 - Form 144
- 4/3/26 - Form 4
- GME's page on the SEC website