Rental & Leasing Services

(HTZ) Hertz Global Holdings Spreads its Wings in Southern Africa

In a drive to enhance its operations in the Southern African region, the global car rental company, Hertz Global Holdings, Inc. (HTZ), recently entered into a partnership with Holiday Holdings International. The company’s strategic...

18Apr2013 | | Comments Off on (HTZ) Hertz Global Holdings Spreads its Wings in Southern Africa | Continued

(R) Ryder System Earnings Top Overall – Guides for 2013

Ryder System Inc. (R), one of the world’s largest providers of integrated logistics and transportation solutions, reported stellar fourth quarter and full-year 2012 results. The outperformance was backed by strong contributions...

11Feb2013 | | Comments Off on (R) Ryder System Earnings Top Overall – Guides for 2013 | Continued

(RCII) Rent-A-Center Increases Dividend

Rent-A-Center Inc. (RCII), one of the largest rent-to-own operators, recently announced a dividend hike, revealing its plan to utilize its free cash to boost stakeholders’ return.

Plano, Texas-based company, Rent-A-Center,...

24Dec2012 | | Comments Off on (RCII) Rent-A-Center Increases Dividend | Continued

(CAR) Avis Budget Adds 235 New Jobs

In an effort to streamline its operational activities and enhance customer experience, leading general-use vehicle rental company Avis Budget Group Inc. (CAR) recently announced the addition of 235 new positions at its Business Support...

12Nov2012 | | Comments Off on (CAR) Avis Budget Adds 235 New Jobs | Continued

(AAN) Aaron’s 2,000th Store Opening

Leading rent-to-own operator, Aaron’s Inc. (AAN), announced the opening of a new store in Bronx, New York, in sync with its aggressive growth trend. This marks the opening of the company’s 2,000th store. Moreover, the company...

9Oct2012 | | Comments Off on (AAN) Aaron’s 2,000th Store Opening | Continued

(RCII) Rent-A-Center Expands in Texas

To further strengthen its operational roots in the state of Texas, Rent-A-Center Inc. (RCII), the largest rent-to-own operator in the U.S, opened an additional store in Austin. The company, through its latest store, will offer furnishings,...

9Oct2012 | | Comments Off on (RCII) Rent-A-Center Expands in Texas | Continued

(GMT) GATX Corporation – Bull of the Day

We maintain our Outperform recommendation on GATX Corp. (GMT). The company’s second quarter adjusted earnings surpassed the Zacks Consensus Estimate and improved year over year, primarily on higher lease rates, better asset utilization,...

29Jul2012 | | Comments Off on (GMT) GATX Corporation – Bull of the Day | Continued

(R) Ryder System Incorporated – Bear of the Day

We have downgraded our recommendation on Ryder System, Inc. (R) to Underperform from Neutral. Despite the company’s strong performance in the first quarter, the company slashed its near-term earnings and revenue estimates.

The...

16Jul2012 | | Comments Off on (R) Ryder System Incorporated – Bear of the Day | Continued

(GMT) GATX Corporation – Bull of the Day

We are upgrading our recommendation on GATX Corporation (GMT) to Outperform. The rail, marine and industrial company’s first quarter adjusted earnings surpassed the Zacks Consensus Estimate and improved year over year, primarily...

23May2012 | | Comments Off on (GMT) GATX Corporation – Bull of the Day | Continued

(DTG) Company News for December 13, 2011 – Corporate Summary

•    Car rental company Dollar Thrifty Automotive Group (NYSE:DTG) said the company’s CEO and President Mr. Scott L. Thompson will take over the role of Chairman of the Board of Directors with immediate effect. He succeeds Richard W Neu...

13Dec2011 | | 0 comments | Continued

(CAR) Avis Budget Group – Bull of the Day

Continued focus on productivity and cost containment initiatives coupled with better travel trends and lower fleet costs drove Avis Budget Group (CAR) to post better-than-expected financial results for second-quarter 2011. The quarterly...

20Sep2011 | | 0 comments | Continued

(CAR) Company News for September 15, 2011 – Corporate Summary

•    Dell Inc. (NASDAQ:DELL) announced its plans to add an additional $5 billion shares to its stock-repurchase program taking the total number of shares to be re-purchased to about $2.1 billion

•    Avis Budget Group (NYSE:CAR)...

17Sep2011 | | 0 comments | Continued

(CAR) Company News for September 15, 2011 – Corporate Summary

•    Dell Inc. (NASDAQ:DELL) announced its plans to add an additional $5 billion shares to its stock-repurchase program taking the total number of shares to be re-purchased to about $2.1 billion

•    Avis Budget Group (NYSE:CAR)...

15Sep2011 | | 0 comments | Continued

(R) Ryder System Leases Natural Gas Trucks

Ryder System Inc. (R) has announced that it has entered into a lease agreement for 87 heavy-duty natural gas trucks with customers. The company did not disclose any financial detail of the contract but mentioned that 65 of the trucks...

29Jun2011 | | 0 comments | Continued

(RCII) Rent-A-Center Expands

Rent-A-Center Inc. (RCII), in an attempt to expand its operational roots, is all set to entice the residents of Gulfport, Mississippi and New Orleans, Louisiana by opening new stores and providing them additional avenue to own luxury...

29Jun2011 | | 0 comments | Continued

(RCII) Rent-A-Center Adjusts Management Efficiencies

Rent-A-Center Inc. (RCII) is one of the largest rent-to-own operators in the U.S. and leverages an extensive network of about 3,000 stores to effectively penetrate its target markets, and gain an advantage over its competitors, such...

26Jun2011 | | 0 comments | Continued

(CAR) Avis Budget Group to Buy Avis Europe

Avis Budget Group Inc. (CAR) announced that it is acquiring Avis Europe for 635 million pounds or $1.0 billion. After 25 years, the company again intends to unite the two businesses.

The acquisition, which is expected to close...

16Jun2011 | | 0 comments | Continued

(CAR) Avis Budget Beats Earnings on Better Travel Trends

Avis Budget Group Inc. (CAR) posted first-quarter 2011 net income of $7.0 million compared with a net loss of $38.0 million in the year-ago period. Excluding extraordinary items, quarterly income came in at $12.0 million or 11 cents...

4May2011 | | 0 comments | Continued

(CAP) CAI International – Estimates Rise on Optimistic Outlook

CAI International, Inc. (CAP) analysts raised their expectations once the company reported an 82% jump in revenues last week. Shares of this Zacks #1 Rank (Strong Buy) are trading with solid valuations to go along with the impressive...

3May2011 | | 0 comments | Continued

(AER) Company News for April 11, 2011 – Corporate Summary

• Google (NASDAQ:GOOG) agreed to enter into a consent decree with the Justice Department with regard to its purchase of ITA Software Inc. The company will be subject to compulsory licensing and government monitoring of travel search and services....

11Apr2011 | | 0 comments | Continued

(DTG) Dollar Thrift Automotive Group — Special Situation

This morning my Barchart new high screener detected price movement on Dollar Thrift Automotive Group (DTG) so I added it as a short term holding in the Barchart...

23Mar2011 | | 0 comments | Continued

(R) Ryder System Incorporated – Bull of the Day

We are upgrading our recommendation on Ryder System (R) to Outperform on strong fourth quarter results and a solid outlook. The fourth quarter earnings beat the Zacks Consensus Estimate on improved commercial rental businesses.

Improved...

25Feb2011 | | 0 comments | Continued

(CAR) Avis Budget Group Reports Smaller Loss – Grows Revenues

Avis Budget Group Inc. (CAR) posted fourth quarter 2010 net loss of $24 million, compared with a net loss of $49 million in the year-ago period. Excluding extraordinary items, quarterly loss came in at $6 million or 6 cents a share....

18Feb2011 | | 0 comments | Continued

(WSC) Berkshire Hathaway Bids $500 Million for Wesco Stake

Following up on his intention of buying 19.9% of Wesco Financial Corp.’s (WSC) holding, Warren Buffett — Chairman and CEO of Berkshire Hathaway Inc. (BRKA,...

2Sep2010 | | 0 comments | Continued

(WSC) Berkshire Hathaway Buys 20% of Munger’s Wesco Financial Corporation

Yesterday, Waren Buffett, the chairman and CEO of Berkshire Hathaway Inc. (BRKA, BRKB) announced its intention to buy 20% of Wesco Financial Corp. (WSC),...

28Aug2010 | | 0 comments | Continued

(R) Ryder System Incorporated – Bull of the Day

We are upgrading our rating to Outperform on Ryder System (R) following its second-quarter earnings. Second-quarter earnings surpassed the Zacks Consensus Estimate on stronger automotive volume, improved commercial rental demand and...

27Aug2010 | | 0 comments | Continued

(R) Ryder System’s Earnings Beat Expectations – Raises Outlook

Ryder System Inc. (R), the world’s largest provider of integrated logistics and transportation solutions, reported second-quarter earnings of 58 cents per share, which surpassed the Zacks Consensus Estimate of 49 cents. The company...

24Jul2010 | | 0 comments | Continued

(R) Ryder System’s First Quarter Earnings Cruise Forward

Ryder System Inc’s (R) first quarter earnings of 24 cents per share were ahead of the Zacks Consensus Estimate of 20 cents. The company reported earnings of 30 cents per share in the year-ago quarter. Earnings exceeded the top range...

22Apr2010 | | 0 comments | Continued

(R) Ryder System Earnings Preview

Logistics and transportation solution provider Ryder System Inc. (R) is slated to release its first quarter 2010 results on April 21, before the opening bell.

Management expects first quarter 2010 earnings to be in the range of...

15Apr2010 | | 0 comments | Continued

(DTG) Dollar Thrifty Automotive Group – Earnings Estimates Jump On Strong Quarter

Dollar Thrifty Automotive Group Inc. (DTG) recently hit a new 52-week high on the company’s strong Q4 results from mid February and a bullish next-year estimate projecting 49% earnings growth.

Company Description

Dollar...

8Apr2010 | | 0 comments | Continued