The rough ride for car rental stocks is seen extending into 2025

seekingalpha11-22

jetcityimage Morgan Stanley warned investors that it is incrementally cautious on car rental stocks heading into 2025. Analyst Adam Jonas said that while travel trends have broadly held steady in 2024...

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Analyst Adam Jonas said that while travel trends have broadly held steady in 2024...</p>\n\n<a href=\"https://seekingalpha.com/news/4320582-the-rough-ride-for-car-rental-stocks-is-seen-extending-into-2025\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The rough ride for car rental stocks is seen extending into 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe rough ride for car rental stocks is seen extending into 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 20:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4320582-the-rough-ride-for-car-rental-stocks-is-seen-extending-into-2025><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>jetcityimage Morgan Stanley warned investors that it is incrementally cautious on car rental stocks heading into 2025. Analyst Adam Jonas said that while travel trends have broadly held steady in 2024...</p>\n\n<a href=\"https://seekingalpha.com/news/4320582-the-rough-ride-for-car-rental-stocks-is-seen-extending-into-2025\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4230","symbol_name":"旅客陆运","start_time":0,"source_url":"https://seekingalpha.com/news/4320582-the-rough-ride-for-car-rental-stocks-is-seen-extending-into-2025","article_id":"2485254358","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1355656036/image_1355656036.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485254358","pubTimestamp":1732277254,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"jetcityimage Morgan Stanley warned investors that it is incrementally cautious on car rental stocks heading into 2025. Analyst Adam Jonas said that while travel trends have broadly held steady in 2024","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4230":"旅客陆运","BK4585":"ETF&股票定投概念","HTZ":"赫兹租车","CAR":"安飞士","BK4022":"陆运"},"translate_title":"汽车租赁股的艰难处境预计将持续到2025年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":0.9,"HTZ":0.9},"content_text":"jetcityimage Morgan Stanley warned investors that it is incrementally cautious on car rental stocks heading into 2025. Analyst Adam Jonas said that while travel trends have broadly held steady in 2024, the investor focus now shifts to the incremental pricing outlook. \"We believe FY25 pricing uncertainty may remain elevated with increased competition as we lapse hurricane impacts from 3Q and Enterprise continues to refresh its fleet, making it more of a competitive factor on airport, which represents over 66% of HTZ and CAR's volume,\" he highlighted. Jonas noted that used prices have remained stable in 2024, but Hertz Global (NASDAQ:HTZ) uncertainty adds incremental risk to the depreciation outlook in FY25. Morgan Stanley lowered its price target on Hertz (HTZ) to $3.00 from $7.00 and cut the PT on Avis Budget (NASDAQ:CAR) to $120.00 from $160.00. The firm continues to prefer Overweight-rated Avis Budget (CAR) relative to Equal Weight-rated Hertz Global (HTZ), but highlighted incremental market risk ahead. \"While rental car firms can experience periods of high earnings volatility, we see CAR advantaged in terms of operational efficiency and financial position,\" tipped Jonas. Shares of Hertz Global (HTZ) are down 63% on a year-to-date basis, while Avis Budget (CAR) is down 45%. The Seeking Alpha Quant Rating on both car rental stocks is at Hold.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485254358"}