Dollar Thrifty Automotive Group News

Car rental company Hertz Global Holdings Inc is nearing its long-cherished goal of buying out rival Dollar Thrifty, after doggedly pursuing its quarry through a bidding war with rival Avis Budget for several years.

Hertz and Zipcar got a boost this morning from reports put out by Morgan Stanley analyst Adam Jonas urging investors to buy the stocks.

Hertz's first agreement to acquire Dollar Thrifty two years ago ultimately fed a bidding war with Avis Budget Group Inc.

Moody's Investor Services raised the Company's corporate family rating to B1.A The Company noted that the Company's corporate family rating is factored into the collateral enhancement requirements under its securitized fleet financing facilities, and this upgrade will allow the Company to reduce its collateral enhancement requirements by up to "We ... (more)

Dollar Thrifty reported Q1 EPS of $1.35, inline with estimates. Revenues in the quarter came in at $356.3 million, beating estimates of $355.5 million.

Shares of Macy's Inc. dropped more than 5 percent early Wednesday. The company reported net income of $181 million , compared to $131 million a year earlier.

Dollar Thrifty Automotive Group Inc.'s first-quarter profit more than doubled partly due to increased rental revenue and lower expenses.

Direct vehicle and operating expenses and selling, general and administrative expenses for the first quarter of 2012 totaled 64.5 percent of revenues, compared to 65.3 percent of revenues in the first quarter of 2011.A The decrease was primarily attributable to in the first quarter of 2011.A The decrease in interest expense primarily reflects the ... (more)

Car rental company Dollar Thrifty Automotive Group posted a quarterly profit ahead of market expectations, helped by a recovery in the U.S. leisure travel market, and it raised its full-year earnings outlook.

Sen. Barbara Boxer files a bill that would require car rental companies such as Hertz Global , Dollar Thrifty , and Avis Budget to pull recalled cars from their fleets.

DTAG Marketing Statement Dollar Thrifty Automotive Group, Inc., a Fortune 1000 company and leader in the rental car industry, has its corporate headquarters in Tulsa, OK.

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Dollar Thrifty Automotive Group Inc. will unveil its latest earnings on Wednesday, May 9, 2012.

Gap hires Stefan Larsson for an October start as a global brand president at Old Navy.

Shares of Avis Budget Group rallied after the company reported strong first quarter results which prompted the company to raise its full year outlook for 2012.

Shares of Avis Budget Group Inc. soared more than 20 percent Tuesday after the car rental company issued a better-than-expected forecast for the year.