Tagged Financial Report

Top 10 Auto Rental News Stories of 2016

The top 10 Auto Rental News stories of 2016 from newsletter traffic covered several topics including personnel changes, financial reports, the rise of ride-hailing services, and a class-action suit.

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Icahn More Than Doubles Stake in Hertz

Billionaire investor Carl Icahn has more than doubled his stake in Hertz Global Holdings Inc. after the rental company reported a loss in its third quarter profit.

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Hertz Revenue, Earnings Decline

Hertz Global Holdings Inc. has reported revenue of $2.5 billion for its third quarter 2016, a 1% decline compared to last year, due to higher vehicle depreciation and a decline in rate per day.

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Avis Budget Revenue Hits Record at $2.7B

Avis Budget Group has reported revenue of $2.7 billion for its third quarter 2016, a company record. This is a 3% increase primarily due to a 2% increase in pricing in the Americas and a 4% growth in international rental days.

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Hertz to Hold Third Quarter Earnings Webcast

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 third quarter financial results on Tuesday Nov. 8.

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Avis Budget Group to Announce Third Quarter Results

Avis Budget Group Inc. plans to report its third quarter 2016 results after the market close on Wednesday Nov. 2.

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FSNA Reports Revenue of $2.1M

Franchise Services of North America Inc. (FSNA), franchisors of the U-Save brand, has announced its financial results for the quarter ended June 30, 2016.

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Sixt Turns Profit in U.S.

Sixt says June was its first profitable month in the U.S., which continued in July. Companywide revenues were up 17.1% for the first half of 2016.

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FSNA Reports Revenue of $2.2M for Q2

Franchise Services of North America Inc. (FSNA) has reported revenue of $2,221,108 from its continuing operations for the second quarter 2016. This is compared to revenue of $2,266,590 for Q2 2015.

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Hertz Revenue Declines 2%

In the second quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 2% decline versus the second quarter of 2015. Hertz had a net loss of $28 million compared to $13 million during the same time last year.

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Avis Budget Revenue Rises on Better Pricing

Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2016. This is a 3% increase primarily due to a 3% rise in rental days.

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Avis Budget Group to Announce Second Quarter Results

Avis Budget Group Inc. plans to report its second quarter 2016 results after the market close on Tuesday Aug. 2.

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Hertz to Hold Second Quarter Earnings Webcast

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 second quarter financial results on Tuesday August 9.

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FSNA Reports Revenue of $2.7M for Quarter

For the quarter ended Dec. 31, 2015, Franchise Services of North America Inc. reported revenue and profit as $2,690,636 and $375,582, respectively.

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Pricing Was Bad But It’s Improving

Over-fleeting and demand anomalies put unusual pressure on pricing in the first few months of 2016, but conservative fleeting and strong summer demand is turning that around, according to Hertz and Avis Budget Group’s first quarter conference calls.

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Hertz Revenue Declines 6%

In the first quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 6% decline versus the first quarter of 2015. Hertz’s car rental average fleet declined 4% but fleet efficiency rose to 77%.

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Avis Budget Increases Revenue by 2% in Q1

Avis Budget Group has reported revenue of $1.9 billion for its first quarter 2016, a 2% increase and 3% growth in constant currency.

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FSNA Reports Revenues of $9.6M

Franchise Services of America (FSNA), franchisors of the U-Save brand, has announced its financial results for the fiscal year ended Sept. 30, 2015.

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Hertz to Hold First Quarter Earnings Webcast

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 first quarter financial results on Tuesday May 10.

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Avis Budget Group to Announce First Quarter Results

Avis Budget Group plans to report its first quarter 2016 financial results after market close on Tuesday May 3.

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