Car Rental Stocks Rise As Hurricane Florence Makes Landfall
Shares of Hertz Global Holdings rose 2.5%, while Avis Budget Group shares added 1.4%, amid expectations of a sudden demand increase on rentals.
Florence is the first major hurricane expected to hit the eastern U.S. this year, and is predicted to make landfall in North Carolina and South Carolina on Thursday.
Photo via Pxhere.
Car rental companies saw an increase in shares on Monday as Hurricane Florence moves closer to the U.S. east coast, Global News reports.
Shares of Hertz Global Holdings Inc. rose 2.5%, while Avis Budget Group Inc. shares added 1.4%, amid expectations of a sudden demand increase on rentals.
During the 2017 Atlantic hurricane season, shares of Hertz and Avis grew exponentially – with Hertz shares increasing 156.2% between June and early November, and Avis shares growing by 80.1%.
Florence is the first major hurricane expected to hit the eastern U.S. this year, and is predicted to make landfall in North Carolina and South Carolina on Thursday.
More Rental Operations
Global Carsharing Fleet Projected to Reach 768,000 Vehicles By 2030
A new Berg Insight forecast outlines several business models driving the projected growth in public carsharing worldwide through 2029.
Read More →
Rental Car Fleet Sales Show Mid-Year Strength
June gains ensured rental fleets closed out the first half of 2026 in positive territory.
Read More →
Surprice Mobility Opens Corporate Rental Station at Milan Malpensa Airport
The Milan opening is part of Surprice Mobility's broader strategy to expand its corporate operations while increasing the use of technology across its network.
Read More →
Brazilian Executive MBA Targets Growing Domestic Rental Car Industry
Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.
Read More →
Green Motion Expands Into Japan With Master Franchise Agreement
Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.
Read More →
ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future
The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
Read More →
World Cup Travel Data Shows Longer Car Rentals and More One-Ways
A recent analysis of FIFA bookings found varied demand patterns that influenced rental car pricing.
Read More →
A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker
Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
Read More →
Stop Losing Money On Rental Tolls
Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.
Read More →
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →