Tagged Rental Revenue

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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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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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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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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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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Hertz Lowers Rental Revenue Target

Despite this reduction, Hertz Global Holdings Inc. confirms that its full-year 2016 adjusted earnings will be within a range of $1.6 to $1.7 billion.

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Hertz Swings to Profit; Revenue Drops 5%

For the full-year 2015, Hertz Global Holdings Inc. has reported total revenue of $10.5 billion, a 5% year-over-year decline. But its adjusted earnings were up 12% from 2014 at $1.49 billion.

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Avis Budget’s Full-Year Revenue Increases 5%

Avis Budget reported increased revenue for both the fourth quarter 2015 and full-year 2015 and a net loss of $5 million in the fourth quarter. The company also addressed the impact of ride-hailing companies Uber and Lyft.

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Hertz to Announce Q4, Full-Year Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2015 fourth quarter and full-year financial results on Tuesday March 1.

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U.S. Car Rental Industry Revenue Tops $27 Billion

Total revenue in the U.S. car rental market is expected to reach $27.106 billion in 2015, though industry-wide revenue per unit, per month dipped slightly to $1,035.

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