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Why This Avis Budget Analyst Remains Bearish Despite Positive Third Quarter Earnings
Tuesday, November 1, 2022 - 6:28pm | 477Read More...Due to a surprisingly low $10 a unit per month depreciation figure, Avis Budget Group Inc (NASDAQ: CAR) beat its consenus adjusted EBITDA estimates by 32%. The Analyst: Morgan Stanley analyst Adam Jonas reported there was a race between falling share count and falling...
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This Rental Car Stock's 1-Year Return Laps Tesla, Nio, GE, Plug Power
Wednesday, January 19, 2022 - 11:30am | 320Read More...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:...
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An Airbag For Avis: In Case We (and Bank of America) Are Wrong About The Rental Car Company's Prospects
Friday, September 17, 2021 - 12:26pm | 336Read More...Better to have an airbag and not need it than to need one and not have it. Avis Pops On Bullish Bank of America Rating Shares of Avis Budget Group, Inc. (NASDAQ: CAR) jumped nearly 10% to a new high on Thursday in the wake of Bank of America's buy rating on the stock. BofA analyst John Murphy...
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New Startup FlightCar Could Shake Up Car Rental Industry
Wednesday, December 11, 2013 - 4:46pm | 1015Read More...Inspired by the home and apartment-sharing startup Airbnb, FlightCar allows car owners to park free at select airports in exchange for sharing their vehicle. This daring concept is the lovechild of Shri Ganeshram, Rujul Zaparde and Kevin Petrovic. The three men founded FlightCar after taking a...
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Google's New Take on Mobile Payments is a Debit Card
Thursday, November 21, 2013 - 5:50pm | 538Read More...More than 40 years ago, banks introduced a new way to pay for items and services without carrying cash. Instead of using a credit card (which allowed consumers to purchase items they were not yet ready to pay for), shoppers could use a debit card to instantly spend the money already sitting in...
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Whitney Tilson: Car Rental Prices Will Continue to Rise
Wednesday, May 15, 2013 - 2:40pm | 989Read More...Expect big changes from Hertz (NYSE: HTZ), Avis (NASDAQ: CAR), Enterprise and the entire industry over the next 10 years. Whitney Tilson, the founder and Managing Partner of Kase Capital, believes that the U.S. car rental segment will begin to resemble the railroad industry's transformation over...
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Dollar Thrifty Tells Shareholders Not to Tender Shares
Monday, June 6, 2011 - 10:54am | 192Read More...Dollar Thrifty Automotive Group (NYSE: DTG) said its board of directors has unanimously recommended that stockholders not tender into the cash-and-stock offer made by Hertz Global Holdings (NYSE: HTZ) for a $2.25 billion buyout. Hertz has been competing with Avis Budget Group (NASDAQ: CAR) to...
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The Battle for Dollar Thrifty
Friday, December 3, 2010 - 1:21pm | 284Read More...(TheStreet) -- A takeover battle between Hertz(NYSE: HTZ) and Avis (NYSE: CAR) for Dollar Thrifty(NYSE: DTG) has taken investors on a joy ride this year, and that may continue as rising demand for cheap rentals and a rebound in business travel are driving an earnings rebound. Shares of Hertz, the...
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Hertz Affirms Deal Certainty as Avis Concedes Antitrust Hurdle
Tuesday, September 28, 2010 - 8:17am | 205Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) today responded to a press release, dated September 27, 2010, issued by Avis Budget regarding the acquisition of Dollar Thrifty (NYSE: DTG). Mark P. Frissora, Chairman and Chief Executive Officer, said, "Instead of making a legitimate offer to purchase...
