Progressive Rentals, a Car Rental Firm, Announces Plans to Acquire $50 Million in Equity

CARRINGTON, Va.— Progressive Rentings, a rental car leasing firm, has announced plans to acquire $50 million in equity.The transaction will provide the company with a significant increase in its value, according to a press release on Wednesday.The company’s shares have climbed almost 20 percent this year.The stock price is up nearly 60 percent in the […]

Read More →

Car rental stocks jump 3% as vacationers flock to Tampa amid Trump administration

BOSTON (AP) Car rental companies are bracing for more traffic in the wake of President Donald Trump’s executive order banning travel to the U.S. from seven majority Muslim countries, raising hopes of an increase in the market.The new restrictions are expected to have a significant impact on car rental companies and drive up rents, although […]

Read More →