Avis Budget Group, Inc. Stock News

Shares of Avis Budget Group, Inc. have gained 20% recently due to President Trump's tariffs on new cars, which should benefit CAR's used car holdings. The 25% tariff on imported vehicles is expected to increase new car prices by 5-8%, driving up used car prices by 5-15%. Avis's financials are closely tied to used car prices, with potential gains of $3-4 billion from higher used car prices over ...

President Trump's auto tariffs are bad news for much of the auto industry—but not rental car companies.

On Thursday, stocks of car rental companies Hertz and Avis saw their values unexpectedly take off. As of midday, shares of Hertz Global Holdings were trading at around $4.15, an intraday increase of more than 20%.

Shares of Hertz (HTZ) and Avis Budget Group (CAR) surged on Thursday after US President Donald Trump announced a plan to impose a 25% tariff on imported vehicles. The proposed levies are expected to increase car prices, potentially driving more consumers toward rental services instead of purchasing new vehicles.

Shares of most automobile and auto-parts companies were getting knocked down on Thursday by President Donald Trump's new tariffs, but investors in the stocks of two specific car-related companies are jumping for joy.

Geopolitical news is providing a lift to the auto rental sector.

Hertz Global Holding and Avis Budget Group shares surged after President Trump announced tariffs that would bring fresh complications to auto manufacturers.

Shares of highly shorted Hertz and Avis Budget Group surged on Thursday as U.S. President Donald Trump's plan to slap a 25% tariff on imported vehicles raised prospects of consumers opting for car rentals instead of buying expensive new cars.