Bigger tax refunds aren't changing how people buy new cars [USA TODAY]
Herc Holdings Inc. (HRI)
Last herc holdings inc. earnings: 4/23 06:30 am
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Source: USA TODAY
The Internal Revenue Service indicated that early filers have seen an average refund amount of $3,804 through Feb. 20 , according to data released Friday, Feb. 27. That's up 10.2% from the average of $3,453 for the same time frame a year ago. But new data released by Cox Automotive shows 93% of shoppers who are using refunds toward the purchase of a vehicle are looking at models they already planned to buy. The group said the data suggests there's no discretionary bump from refund season. Cox said most car buyers using tax refunds to purchase a new car expect to pay $40,000 or less. But separately, Cox showed the average price of a new car in March 2026 was $49,275 , setting up a potential clash in dealership showrooms. “Tax season has always brought high-intent shoppers into the market, but this year their motivations look very different,” Erin Lomax, vice president of operations consumer marketplace at Cox Automotive, said in a statement. “Consumers are navigating real financ
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HRI
News
- Herc (HRI) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
- Inside Tim Busfield's sex abuse case through records, audio and doubt [USA TODAY]USA TODAY
- 1 Profitable Stock Worth Investigating and 2 We Brush Off [Yahoo! Finance]Yahoo! Finance
- Herc Holdings Inc. Announces Date for First Quarter 2026 Earnings Call and WebcastBusiness Wire
- Herc (HRI) had its price target lowered by Citigroup Inc. from $165.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
HRI
Earnings
- 2/17/26 - Beat
HRI
Sec Filings
- 4/9/26 - Form SCHEDULE
- 4/7/26 - Form SCHEDULE
- 3/27/26 - Form SCHEDULE
- HRI's page on the SEC website