Hints and tips:
...“We’ve noticed a significant trend towards travellers opting for luxury vans over traditional sedan cars,” says Tom Ripert, CEO of Rolzo, a private chauffeur and premium car-rental service....
...High demand for summer travel helped car rental company Avis Budget Group exceed Wall Street’s expectations for profit....
...Orenthal James Simpson’s grace on the football field, good looks and charisma led to a successful career as a pitchman for Hertz rental cars and as an actor in films such as The Towering Inferno and The...
...Earnings: Rental car dealer Avis Budget is expected to report an increase in revenue in the first three months of the year, boosted by strong demand in its international segment....
...Enough car hire agencies have systems that work for us to know the technology is a piece of cake. Avis Preferred allows you to go straight to your car as does Hertz Gold....
...Other companies: Video game maker Activision Blizzard, social media group Pinterest, and car rental company Avis report after Wall Street’s closing bell....
...For car rental companies, these are the good times. At Avis Budget, revenue for the first nine months of 2021 climbed by more than two-thirds....
...Earnings: Car rental group Avis Budget, retailer Advance Auto Parts and grill maker Weber are lined up to announce earnings....
...Avis Budget shares have surged to a record high amid frenzied trading on Tuesday after the vehicle rental company said it would move to electrify its fleet....
...As car rental stocks plunged during the coronavirus pandemic, SRS made several purchases of Avis stock, regulatory filings show....
...But if users cannot hire cars when they want them, they will not relinquish car ownership easily. Exiting the trouble spot will be the real test of a rental company’s skill....
...For car manufacturers, big sales to rental companies have historically connoted weakness....
...Video game maker Activision Blizzard, social media group Pinterest, and car rental company Avis also report earnings today....
...Avis claims that over the previous decade, rental car rates have remained flat while hotels and airfare costs have exploded. But this is not why demand is soaring....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...For proof, look no further than the stock price surges in both struggling home goods retailer Bed Bath & Beyond and car rental company Avis Budget....
...Meanwhile, the supply chain constraints have led to a surge in prices for used cars, which also helps Hertz’s bottom line — rental car companies hold huge fleets that they sell to used car dealers as they...
...SRS is reaping the rewards for sticking with Avis as the pandemic pushed the rental car industry to the brink of bankruptcy....
...Supply squeezes have boosted the US rental car business as tourist and business travel resumes. Avis Budget’s share price has quadrupled over the past year....
...The pandemic continues but the rental car industry’s fortunes have reversed....
...company Avis Budget....
...The stock of the once-ailing rental car company initially surged by more than 200 per cent after executives told analysts yesterday that they were considering electric offerings....
...Money for meme stocks Avis Car Rental catapulted over 108 per cent at one point on Tuesday, for some reason. No one much cared; meme stock insanity is no longer news....
...The car rental group Avis, whose shares have more than doubled this year, has been the Dow Transports’ top performer in 2021....
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