Deutsche Bank Downgrades Avis Budget to Hold – Not a Sell Signal
Deutsche Bank cut Avis to Hold: stock looks overpriced now, though short-term gains possible; long-term outlook still positive.
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Hertz Reports Boom in Road Trip Rentals Amid Airport Disruptions
Travelers are ditching crowded airports amid the government shutdown. Hertz reports 15% higher website traffic and 33% of rentals for road trips.
Avis Slashes U.S. EV Fleet Value by $518 Million — Q4 Results Miss Estimates
Avis Budget Group (CAR) reported a $747M Q4 loss after a $518M write-down on U.S. electric vehicles. Revenue dipped to $2.66B, missing estimates; fleet costs fell 18%. Shares down.
Hertz & Amazon Now Sell Used Cars Online!
Hertz now sells used rental cars on Amazon Autos in Dallas, Houston, LA, & Seattle. Expanding to 45 locations, this partnership marks Amazon Autos' first rental fleet deal, boosting Hertz's retail ops and aiming for convenience & profit.