Rental Company Gains Independence on July 3rd

ANC Rental Corporation began trading on the Nasdaq Stock Market under the symbol “ANCX” on July 3, 2000. After AutoNation, Inc. completed the tax-free spin-off of the rental corporation, made up of Alamo, National and CarTemps USA, ANC Rental Corporation became a free-standing public company.

AutoNation shareholders received one share of ANC Rental Corporation for every eight shares of AutoNation they own.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.