Tesla Inc (NASDAQ: TSLA) shares rallied once again on Wednesday after ridesharing giant Uber Technologies Inc (NYSE: UBER) announced a new partnership with Hertz Global Holdings Inc (OTC:
Since 1946, Avis Budget Group Inc. (NASDAQ: CAR) has been one of the world’s go-to car rental services, and in the past three months, a major winner for bullish traders and investors.
A typical couple enjoying their (presumably) debt-financed breakfast in bed (image via Affirm).
Economy-Wide Inflation
As Washington Post economics correspondent Heather Long pointed out on Twitter recently, inflation is now hitting Americans everywhere from rental cars to rent.
Avis Budget Group Inc.’s (NASDAQ: CAR) stock has climbed more than 62 percent in the past month. Investors seem to be either assigning more value in the company’s nearer-term earnings than its earnings in outer-years, or expecting higher normalized EBITDA, according to Morgan Stanley.