After a year when the overwhelming majority of travel-related stocks flew higher, one set of travel stocks is lagging.» Read More
Shares of Avis are essentially flat in that same period and shares of Hertz are down 28 percent. It is in that light that an announcement by Hertz this week that it would take actions that might alleviate the glut of rental cars sent shares of both Hertz and Avis sharply higher Friday. Hertz also said Thursday that it will close about 200 non-airport locations in...
The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...
Some of Thursday's midday movers:
Companies making headlines before the bell Wednesday.
Hertz Global Holdings on Monday announced Chairman and CEO Mark Frissora is stepping down, citing personal reasons.
When an executive really drops the ball, Cramer puts them on the Wall of Shame. Someone new has just made the dubious list!
Check out which companies are making headlines after the bell Tuesday: Elizabeth Arden, La-Z-Boy & more.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday: AIG, Avis, Tenet Healthcare & more.
Ridesharing app Uber announces a service aimed at making the company more valuable for business travelers.
"At at this point, I think the company has gotten past many of the problems that have kept it down,” Jim Cramer said.
Investors may not be able to directly cash in on Uber's success, but can instead look at car rental companies it will be disrupting—Hertz and Avis.
If there's a poster child for the sharing economy—both in popularity and controversy—taxi app Uber, valued at $17 billion, is hard to beat.
Hertz Global Holdings said it would restate financial results for the past three years to correct accounting errors from 2011.
General Motors has recalled more than 13 million cars so far this year, which means fewer cars available on the rental lots for travelers.
Year to date shares of Avis have rallied about 35%, yet Jim Cramer thinks the stock remains relatively cheap.
In the event that GM runs out of vehicles to loan owners of its recalled vehicles, the automaker has lined up rental firms, according to a report.
Take a look at some of Thursday's midday movers:
Business travelers have clear favorites among restaurants, hotels and airlines, but they spend their money elsewhere. Here's why.