Why Car Rental Stocks Are Surging Today

Geopolitical news is providing a lift to the auto rental sector.Shares of Avis Budget Group (CAR 20.42%) and Hertz Global Holdings (HTZ 23.62%) each traded up about 20% as of noon ET as investors bet new tariffs on imported vehicles will have a positive impact on their businesses.A complex modelA move by the White House to place 25% tariffs on imported vehicles is likely to create a range of winners and losers among automakers and related businesses. The impact, at least in the near term, is to add thousand ...