The Rental Leasing Industry has performed well and has shown a positive growth pattern over a period of five years to 2020. Low auto rates and currently low fuel prices are anticipated to accelerate the auto leases, once consumers begin to recover income and begin to travel and spend again as all the industries are experiencing the decline in demands due to COVID-19.
Some companies in this sector provide lease-purchase solutions to customers for various products in the furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories. Other companies are providing maintenance services, supplies, and related equipment for the operation of the vehicle, etc.
Check out these companies in the Rental and Leasing Industry and see how they are providing the new services to their customers:
Hertz Global Holdings Inc. (NYSE: HTZ)
Hertz Global Holdings Inc. (NYSE: HTZ) shares were trading up 142.72% at $2.50 at the time of writing on Friday. Hertz Global Holdings Inc. (NYSE: HTZ) share price went from a low point around $0.40 to briefly over $20.85 in the past 52 weeks, though shares have since pulled back to $2.50. HTZ market cap has remained high, hitting $160.90M at the time of writing, giving it a price-to-sales ratio of more than 0.
Hertz Global Holdings Inc. (HTZ) has earlier revealed that it has won $1.65 billion in debtor-in-possession financing. Hertz revealed that the financing will be provided by some of the company’s creditors. It has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. If we look at the recent analyst rating HTZ, Barclays downgraded coverage on HTZ shares with an Underweight rating.
Avis Budget Group Inc. (CAR)
Avis Budget Group Inc. (CAR) last closed at $31.95, in a 52-week range of $6.35 to $52.98. Analysts have a consensus price target of $39.60. Avis Budget Group Inc. (CAR) disclosed that it has planned to report its third-quarter 2020 results after the market close on Thursday, October 29th, 2020, and to host a conference call for institutional investors to discuss these results on Friday, October 30th, 2020 at 8:30 a.m. Eastern time.
United Rentals Inc. (NYSE: URI)
United Rentals Inc. (NYSE: URI) Shares headed rising, higher as much as 2.39%. The most recent rating by Bernstein, on September 23, 2020, is at an Mkt perform. United Rentals Inc. (URI) announced that it is scheduled to hold its third quarter 2020 conference call with Matt Flannery, chief executive officer, and Jessica Graziano, chief financial officer, on Thursday, October 29, 2020, at 11:00 a.m. Eastern Time.
Air Lease Corporation (NYSE: AL)
Air Lease Corporation (NYSE: AL) fall -0.13% after losing more than -$0.04 on Friday. Air Lease Corporation (AL) disclosed earlier the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to SAS. Powered by CFM International LEAP-1A33 engines, this aircraft is the first of three A321-200neo LRs confirmed to deliver to the Scandinavian airline from ALC’s order book with Airbus.
Ryder System Inc. (R)
Ryder System Inc. (R) last closed at $50.13, in a 52-week range of $22.62 to $57.38. Analysts have a consensus price target of $49.00. Ryder System Inc. (R) revealed it has been chosen by Ryder System, Inc., a leading logistics and transportation company, to embed telematics into its forklifts and other material handling equipment within its warehouses.
Aaron’s Inc. (AAN)
Aaron’s Inc. (AAN) stock drop by -0.44% to $59.23. The most recent rating by Berenberg, on June 23, 2020, is at a Buy. Aaron’s Inc. (AAN) joined forces with former NFL star Warrick Dunn and Habitat for Humanity of Pinellas and West Pasco Counties to provide furnishings for a “Homes for the Holidays” presentation unlike any other in its 20-year history.
WillScot Mobile Mini Holdings Corp. (WSC)
WillScot Mobile Mini Holdings Corp. (WSC) stock drop by -0.46% to $17.36. The most recent rating by Berenberg, on September 16, 2020, is at a Buy. WillScot Mobile Mini Holdings Corp. (WSC) share price went from a low point around $7.45 to briefly over $19.79 in the past 52 weeks, though shares have since pulled back to $17.36. WSC market cap has remained high, hitting $3.97 billion at the time of writing.