The meme-stock frenzy is seemingly making a comeback in 2025 as investors once again chase unprofitable companies for their latest bets.To this end, according to data from Bespoke Investment Group, 10 of the 14 Russell 3000 stocks that have tripled since the April 8 market bottom are unprofitable. By late June, the index’s 858 money-losing stocks had gained an average of 36%, beating their profitable peers.Meanwhile, while technology giants like Nvidia (NASDAQ: NVDA) and the S&P 500 have climbed steadily, n ...

Financial Data and Key Metrics Changes - The company reported a contribution profit of USD 4.25 million for the fiscal year ending March 31, 2025, compared to a loss of USD 0.98 million in the previous fiscal year, marking the sixth consecutive quarter of positive contribution profit [4][12] - Bookings grew by 10% year over year, with total bookings reaching approximately 427,000 for the fiscal year ending March 31, 2025, up from 388,000 in the previous year [11] - Gross booking value decreased to USD 25.28 million from USD 26.72 million year over year, while revenues fell to USD 9.11 million from USD 9.99 million [12] - Loss from operations declined significantly by 67% to USD 10.4 million from USD 37.32 million in the prior fiscal year [12] - Adjusted EBITDA loss narrowed to USD 9.91 million from USD 17.85 million year over year [13] Business Line Data and Key Metrics Changes - The repeat user rate increased by 86% year over year, with 13% of users booking more than once, up from 7% in the previous fiscal year [5][7] - High-quality host retention improved to 49% from 31% year over year, indicating stronger platform loyalty [5] Market Data and Key Metrics Changes - The company is focusing on expanding high-quality supply to meet growing demand in the Indian mobility market, which is experiencing a cultural shift towards access rather than ownership of vehicles [20] Company Strategy and Development Direction - The company aims to improve customer experience, drive retention, and achieve revenue growth and profitability through operational efficiencies and cost control [6][15] - Future growth will focus on scaling the business model through higher quality supply, smarter demand generation, and deeper platform trust [15][16] - The management is actively exploring strategic mergers and acquisitions to consolidate leadership in the Indian mobility market [29][30] Management's Comments on Operating Environment and Future Outlook - The CEO expressed confidence in the growth potential of the company, highlighting the cultural shift in India towards experiential mobility rather than ownership [20] - The management is optimistic about the company's path to profitability and plans to continue pursuing additional fundraising and debt restructuring to support growth [10][22] Other Important Information - The company successfully raised USD 16.5 million in gross proceeds through private placements, which are being used for debt repayment and business growth [9][10] - The company is in discussions for relisting and prioritizes this as a key focus area [25] Q&A Session Summary Question: What propelled you to join Zoomcar as the CEO? - The CEO has known Zoomcar since its inception and believes in its mission to provide access to personal mobility in India, seeing significant growth potential in the market [19][21] Question: Can you provide more details about the fundraising progress and debt restructuring? - The CFO detailed the gross amount raised and its use for debt repayment and business growth, along with ongoing discussions for further debt restructuring [22][23] Question: What are management's top priorities for the near term? - The CEO outlined priorities including expanding high-quality supply, improving customer engagement, and driving profitability through cost discipline [26][28] Question: Is Zoomcar exploring any strategic M&A opportunities or partnerships? - The CEO confirmed active exploration of strategic options for consolidation in the mobility space, focusing on long-term alignment and platform efficiency [29][30]

PARSIPPANY, N.J., June 09, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025. Mr. Cunha will lead ABG’s finance functions and partner with other senior leaders to set and deliver on the Company's long-term strategic and financial objectives. Izzy Martins will be leaving the Company on June 30, 2025, to pursue another opportunity. Mr. Cunha joins ABG from Orion Services Group, a private equity owne ...

JPMorgan analyst Ryan Brinkman reiterated the Underweight rating on Hertz Global Holdings, Inc HTZ on Wednesday.Brinkman suggests that while rental car firms like Hertz may have structurally enhanced earnings through better pricing strategies and partnerships with companies such as American Express Global Business Travel, Tripadvisor, Uber and Carvana, previous forecasts likely overestimated the durability of company-specific earnings drivers.Instead, much of the recent strength appears to have stemmed from ...

Hertz Global (HTZ) Q1 2025 Earnings Call May 13, 2025 09:00 AM ET Speaker0 Welcome to Hertz Global Holdings First Quarter twenty twenty five Earnings Call. Currently, all lines are in listen only mode. Following management's commentary, we will conduct a question and answer session. I would like to remind you that this morning's call is being recorded by the company. I would now like to turn the call over to our host, Johan Walensen, Vice President of Investor Relations. Please go ahead. Speaker1 Good morni ...

HERTZ GLOBAL HOLDINGS, INC. Q1 2025 EARNINGS PRESENTATION IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS Certain statements made within this presentation contain forward-looking statements. Forward-looking statements are not guarantees of future performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Any forward-looking information relayed in this presentation speaks only as of May 13, 2025, and Hertz Global Holdings, Inc. ("Hertz Global" or the "Compan ...

Avis Budget Group (CAR) came out with a quarterly loss of $14.35 per share versus the Zacks Consensus Estimate of a loss of $5.72. This compares to loss of $3.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -150.87%. A quarter ago, it was expected that this car rental company would post a loss of $0.96 per share when it actually produced a loss of $0.23, delivering a surprise of 76.04%. Over the last four quarters, the com ...

PARSIPPANY, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2025 today. We ended the quarter with revenues of $2.4 billion, net loss of $505 million, and an Adjusted EBITDA loss of $93 million. During the first quarter, as anticipated, we recorded a non-cash fleet charge of $390 million related to the disposition of certain vehicles within the Americas. We do not expect further charges related to our accelerated fleet rotation strate ...

Certain personalities on Wall Street have the influence to create major moves in a stock with a simple comment or social media post. Billionaire hedge fund manager Bill Ackman is one of those people.A couple of weeks ago, Ackman posted on X (previously known as Twitter) that his investment firm, Pershing Square Capital Management, had started building a position in car rental provider Hertz Global Holdings (HTZ -2.50%). Prior to Ackman's announcement, Hertz stock was flat on the year. But in the wake of his ...

Shares of Hertz Global Holdings (HTZ 0.58%) were skyrocketing last month on news that billionaire Bill Ackman, head of Pershing Square Capital Management, had taken a 19.8% stake in the car rental company and longtime laggard on the stock market.Ackman explained his rationale in a post on X, saying that he likes its highly leveraged portfolio of automobile assets and sees it as being undervalued due to an earlier debacle from buying too many Teslas.He argued that more-rational competitive behavior in an oli ...