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CAR News13 articles
Hertz Stock Surges on Q2 Earnings Beat, Pricing Power Drives Revenue
Hertz reported Q2 revenue of $2.396B, up 10% YoY, driven by pricing. Adjusted loss of $0.11 beat expectations. Shares surged 21.8% premarket.
Hertz Stock Soars 29% on Q2 Beat, But Q3 Is the Real Test
Hertz (HTZ) surged 29.5% after beating Q2 earnings estimates, but the full-year forecast depends on Q3. Short covering and strong pricing drove the rally.
Avis Budget Stock Surges 11% on $650M Settlement Details
Avis Budget Group shares surged 11.3% after a filing revealed a $650 million settlement with Pentwater, boosting market cap by nearly $585 million.
Hertz Slumps 28% on Weak Q2 Outlook, Used-Car Losses
Hertz shares plunged nearly 28% after warning Q2 core profit will hit low end of guidance due to used-car sale losses, with vehicle depreciation rising to ~$300/unit/month.
Verra Mobility Tumbles 71% as Avis Budget Ends Contract
Verra Mobility shares fell 71.4% after Avis Budget said it will end its contract in September 2026, cutting a key revenue source and prompting analyst downgrades.
Hertz Launches Oro Mobility for Uber Robotaxi Fleet; Shares Jump 20%
Hertz shares surged 20% after launching Oro Mobility to manage Uber's robotaxi and human-driven fleets, starting with Lucid vehicles using Nuro self-driving tech in San Francisco.
CAR Group Shares Drop 4% Amid Tech Sell-Off, ASX 200 Hits Record
CAR Group shares declined nearly 4% on Monday, underperforming a flat ASX 200 that closed at a new record. The tech sector led losses as risk appetite waned.
CAR Group Shares Drop 4% Amid Tech Selloff, ASX 200 Holds Record
CAR Group shares declined 3.9% to A$25.50, underperforming a flat ASX 200 that closed at a record high. Market focus shifts to upcoming GDP figures and the company's dividend eligibility date.
Wesfarmers Shares Slide Despite Profit Beat as Consumer Spending Concerns Mount
Wesfarmers shares tumbled over 5% despite reporting a half-year profit beat, as management flagged patchy consumer spending and upcoming price investments, overshadowing solid financial results.
CAR Group Shares Dip Amid RBA Uncertainty, Dividend Date Looms
CAR Group shares declined 0.54% to A$25.61 as the Reserve Bank of Australia's minutes provided no definitive interest rate guidance. Investors are now looking ahead to the March 13 ex-dividend date for the company's 42.5-cent interim payout.
CAR Group Soars on Strong Earnings, Dividend Boost and Confirmed Outlook
CAR Group shares surged over 10% after reporting a rise in first-half profit and increasing its interim dividend. The company reaffirmed its full-year revenue growth forecast.
Verra Mobility Shares Stabilize After Avis Contract Termination Sparks Downgrades
Verra Mobility shares stabilized near $4 after plunging 70% on news Avis Budget is ending a major contract. Analysts downgraded the stock and slashed price targets.
Entravision Soars 94% on AI Ad-Tech Revenue Surge
Entravision Communications (EVC) stock nearly doubled after Q1 revenue surged 114% to $196.97M, with its AI-powered ad-tech unit driving a 204% revenue jump.