Core Insights - Ace investor Mukul Mahavir Agrawal reshuffled his Rs 6,500-crore equity portfolio during the December quarter, reflecting a mix of fresh bets and tactical adjustments following sharp stock-specific corrections and a selloff in smallcap stocks in 2025 [18] Company Summaries - **Hindustan Construction**: Agrawal acquired a 1.68% stake, amounting to 4.40 crore shares, after the stock experienced a correction of over 30% in the past year [1] - **Alcargo Logistics**: Agrawal purchased a 2.9% stake in the company, which has seen a decline of about 80% over the last year. Alcargo specializes in integrated logistics services [2] - **Sudeep Pharma**: A 1.3% stake was acquired by Agrawal, with the stock down nearly 30% in the last year. Sudeep is a manufacturer of mineral-based pharmaceutical excipients and specialty ingredients [3] - **Vasa Denticity**: Agrawal increased his stake by 0.4%, bringing his total holding to 2.4%. The company is a leading B2B e-commerce platform for dental products [4] - **Vikran Engineering**: Agrawal increased his stake by 0.2%. The stock is down 10% from its issue price of Rs 97 since its market debut in September last year [7] - **N R Agrawal**: A marginal stake increase of 0.1% was made, with the stock down nearly 20% from its 52-week high of Rs 514 [8] - **Monolithisch**: Agrawal reduced his stake by 0.2% to 2.76%, with the stock down 20.5% from its 52-week high of Rs 607 [9] - **Pearl Global**: The investor offloaded 0.2% in the company, which has fallen nearly 15% in January alone [10] - **InfoBeans Technologies**: Agrawal reduced his stake by 0.2% to 3.9%, with the stock up 97% in the last year [11] - **Autoriders**: A stake reduction of 0.7% occurred, with the stock rising over 1,100% in the last year [12] - **Zota Healthcare**: Agrawal reduced his stake by 0.8%, with the stock up nearly 40% in the last year [13] - **ASM Technologies**: A stake reduction of 0.4% was noted, with the stock having doubled in the last year, rising about 115% [14] - **Stanley Lifestyles**: Agrawal appears to have exited the stock, which is down nearly 50% in the last year [15]

Hertz Global Holdings, Inc (NASDAQ:HTZ) shares were trading higher in the premarket Friday after the company announced an expanded technology partnership. •  What’s ahead for HTZ stock?Infrastructure services provider Kyndryl Holdings (NYSE:KD) said it extended its collaboration with Hertz to modernize critical systems and operations, Benzinga reports.Kyndryl will continue working with Hertz under a five-year extension to advance the car rental giant’s technology ecosystem.The renewed agreement will leverag ...

NEW YORK, Jan. 23, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced a five-year extension to its agreement with The Hertz Corporation (NASDAQ: HTZ), one of the world's leading car rental and mobility solutions providers. Under the extension, Kyndryl will continue working with Hertz to advance Hertz's technology ecosystem by leveraging its Agentic AI Framework and Kyndryl Consult services. "As we continue to transform every part ...

2.在苏格兰高地的天空岛爆胎：在过桥的时候碰到桥边突出来的尖锐物导致爆胎，在高地等了 4 小时救援，第二天收到送来的轮胎发现是错误的（才知道 原来有些车的前轮和后轮是不一样的），后来坐火车到另一个城市重新取车开。因为我们是在租车平台直接买的全险（划重点），所以没有垫付和赔款； 3.在新西兰撞到围栏：这次是最严重的事故，因为住在新西兰帮我们租车的朋友是在第三方平台买的所谓的「全险」，在出险时才知道有赔付上限而且需 要垫付，最后是先付了 2.8 万人民币收到 1.3 万的赔付，赔偿了 1.5 万（文章里会写如何选择和购买保险来避免类似的情况）。 1.于冰岛的暴风雪天气在雪地陷车：本来显示可以通行的路（也是回民宿唯一的路）突然封路，路上陷了很多车，政府派救援把路上的居民和游客都接到 避难所。我们运气比较好的是没有陷得很深，冰岛救援队的大哥帮我们把车开出来了，我们就顺利开到避难所过夜啦； 也是因为经历了新西兰的事故，才决定写这一篇文章，把我租车踩过的坑和觉得值得注意的经验分享给大家。这篇文章会按照租车前中后三个阶段来划 分，分别梳理每个阶段需要注意的事情。因为内容比较多，如果你觉得篇幅太长的话，可以重点看「租车时」关 ...

​Trip.com Group Limited (NASDAQ:TCOM) is one of the Undervalued Cyclical Stocks to Invest In. Trip.com Group Limited (NASDAQ:TCOM) has gained more than 22% over the past 6 months, and Wall Street sees more than 16% upside from the current levels. Recently, on December 9, Trip.com Group Limited (NASDAQ:TCOM) announced its strategic partnership with Galaxy Asia Car Rental, which is Malaysia’s top car rental firm. Management noted that the deal integrates the company’s branding in Galaxy’s high traffic areas ...

Core Viewpoint - The Supreme Court's refusal to hear Hertz's appeal leaves the company liable for over $270 million in interest payments to former bondholders following its bankruptcy reorganization [1] Group 1: Legal Background - The legal dispute began in 2021 when Hertz emerged from Chapter 11 bankruptcy, with bondholders claiming they were underpaid and seeking full interest payments [2] - Hertz contended that the bankruptcy code prevented the accrual of "unmatured interest" after filing for bankruptcy, asserting that bondholders received their entitled amounts based on "allowed claims" [3] Group 2: Court Decisions - In September 2024, bondholders successfully appealed a bankruptcy court decision, with the case reviewed by the federal Court of Appeals for the Third Circuit [3] - The appeals court highlighted that Hertz had sufficient funds post-reorganization, having distributed $1.1 billion to shareholders, which was four times the amount of interest sought by bondholders [4] - The majority opinion emphasized the "absolute priority rule," mandating that bondholders must be paid in full before any distributions to junior shareholders [5] Group 3: Company Response - Hertz expressed disappointment with the appeals court's ruling, arguing that it had fulfilled all legal obligations to unsecured noteholders by repaying 100% of the principal and interest owed at the time of bankruptcy, along with post-petition interest at the federal judgment rate [6]

Core Insights - Avis Budget Group (CAR) has a Growth Score of A, indicating strong financial metrics that reflect the quality and sustainability of its growth [1] - The company anticipates a revenue increase of approximately 1.9% and a significant earnings jump of 47.8% year over year for Q4 2025 [9] Revenue Growth Drivers - CAR's revenue growth is primarily fueled by its vehicle rental operations, with a substantial share of airport car rental revenues in North America, Europe, and Australasia [2] - The Zipcar brand operates a self-service car-sharing model, catering to the growing demand for short-term rentals as an alternative to ride-hailing services like Uber and Lyft [2] Operational Efficiency - The company has improved fleet utilization, cost control, and operational efficiency to meet customer demands [3] - Favorable vehicle acquisition prices, reduced supply chain disruptions, and enhanced rental services have collectively strengthened profitability [3] - The launch of Avis First, a luxury car rental service, aims to attract premium customers [3] Technological Investments - Continuous investment in technology enhances customer experience, with partnerships with Alphabet and Amazon for voice-controlled access via Google Assistant and Amazon Alexa [4] - The Avis mobile app's capabilities extend to generating data on road conditions, accident zones, weather, and user preferences [4] Shareholder Value - CAR consistently returns value to shareholders through robust share repurchase programs, buying back shares worth $1.46 billion, $3.33 billion, $951 million, and $70 million in 2021, 2022, 2023, and 2024, respectively [5] - These actions instill shareholder confidence and contribute to growth [5]

Core Insights - Hertz is concluding its 2025 Gold Squad program at Newark Liberty International Airport, with plans to expand the program in 2026 [1][2][8] - The Gold Squad, consisting of trained Golden Retrievers, aims to provide comfort to travelers during the busy holiday season [3][5] - An increase in holiday travel is anticipated, with over 109 million Americans expected to travel, marking an increase of over two million from the previous year [3][8] Travel Trends - December 20 is projected to be the busiest rental car pick-up day nationwide [7] - Top 10 holiday rental hotspots include Orlando, Los Angeles, Atlanta, Miami, Phoenix, Newark, Dallas, Boston, Chicago, and Las Vegas [7] - Miami, Palm Springs, and Phoenix are experiencing the largest year-over-year increases in rental car demand [7] Hertz Services and Recommendations - Hertz encourages early reservations for better vehicle availability and selection [7] - Customers can add flight details to their reservations for monitoring delays [7] - Joining Hertz Gold Plus Rewards offers exclusive discounts and benefits [7] Company Overview - Hertz Global Holdings, Inc. is a leading car rental and mobility solutions provider with over 11,000 rental locations in 160 countries [9]

Core Points - Zipcar is ceasing its operations in the UK due to the introduction of new London Congestion Charges for electric vehicles, leading to a formal consultation with employees and potential job losses [1][2] - The company reported significant financial losses, with losses increasing to £11.7 million in 2024 from £364,000 the previous year, while revenue decreased from £51 million to £47 million [2] - External cost pressures, particularly high electricity costs and challenging resale market values, have negatively impacted the company's financial performance [3][4] Financial Performance - Zipcar's losses widened dramatically in 2024, reaching £11.7 million compared to £364,000 in 2023, indicating a severe decline in profitability [2] - Revenue fell from £51 million in 2023 to £47 million in 2024, reflecting a downward trend in sales [2] Operational Challenges - The introduction of a £13.50 daily charge for electric vehicles in London is expected to significantly affect Zipcar's electric fleet, contributing to the decision to withdraw from the UK market [4][5] - The company faced ongoing external cost pressures, including high electricity costs and increased motor insurance costs, which further strained its financial situation [3][4]

Core Insights - Significant vehicle recalls in the U.S. are creating near-term earnings and operational challenges for car rental operators, potentially delaying margin recovery due to fleet modernization strategies being undermined [1][3] Vehicle Recalls - The U.S. Department of Transportation reported approximately 9.8 million vehicle recalls in Q3 2025, the highest level since early 2024 [2] - Ford accounted for around 55% of the affected units during the quarter, with increased vehicle complexity and supply chain interdependencies contributing to the challenges faced by rental operators [3] Operational Impact - Rental operators are disproportionately affected due to reliance on recently manufactured vehicles, with Avis reporting 5% of its Americas fleet under recall compared to Hertz's 2% [5] - Two-thirds of Avis's recalled vehicles were awaiting parts, which reduced utilization and increased fleet costs, while Hertz achieved a utilization rate of 84% in the quarter [5] Financial Guidance and Market Conditions - Both Hertz and Avis have lowered guidance due to recall uncertainty, government shutdown impacts, and system outages [6] - Fitch suggested that recall-driven supply constraints may support pricing discipline, potentially offsetting revenue pressures, with expectations for EBITDA margins to return to single-digit levels in 2026 [6] Liquidity Position - Hertz reported $2.2 billion in corporate liquidity at the end of Q3, while Avis held $1 billion, both supported by vehicle borrowing capacity [7] - Avis faces no corporate refinancing until July 2027, while Hertz has $500 million in senior unsecured notes maturing in December 2026, partially addressed through a $375 million exchangeable notes issuance in September 2025 [7]