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More,,,
Unemployment benefits for 7.5 million end soon. These programs may help
https://www.cnbc.com/id/106929921?view=story?__source=androidappshare
Beats on revenue.
More Americans going back to work.
YEEEHAWWW!
this gonna be the new Zip Recruiter spot?
something happening a.h.? ZIP News: Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Zipcar, Inc. 02:18 PM
ZIP up nearly 50% on buyout news today. AVIS to purchase ZIP for $500 million.
I think the law suites are funny. LOL Happens everytime there's a buy out..
,,,,,,,Whats the OS looks ready to bounce--MONEYMADE
4:08 PM Zipcar (ZIP): Q3 EPS of $0.10. Revenue of $78.2M (+15% Y/Y) beats by $5M. (PR) Comment!
http://seekingalpha.com/currents/earnings
Hey all,
I was wondering if someone sees a potential buyout/merger/stake purchase in the near future and whats the reasoning?
Thanks
AE
No Mr.McBall$.. I hope you are joking. The market is slow to react. This is a $3 stock .
Bloomberg on ZIP
The bottom line: Hertz, a leader in daily car rentals, will add equipment to 375,000 vehicles in the U.S. to allow hourly rentals in a bid to overtake Zipcar.
August 3, 2012, 3:07 P.M. ET
Zippity Doo-D’oh! Zipcar Plunges
By Avi Salzman
Zipcar (ZIP) is put-putting right into a ditch today, as investors punish the car rental service for a weak earnings report. The stock is down 34% in afternoon trading, and several analysts are warning investors not to buy shares even if they might look “cheap.”
The short-term car rental service posted disappointing earnings results late on Thursday — it lost a penny a share against expectations that it would break even. The company also cut its revenue forecast for the year. The company has had mixed success in attracting new members, and could see more competition ahead.
“ZIP still sees limited impact from competitors. However, we continue to believe competitive risks are increasing,” wrote MKM Partners analyst Christopher Agnew.
Cowen & Company analyst Kevin Kopelman cut his rating to Neutral from Buy as the company’s attempts to jumpstart earnings may end up hurting near-term results.
“On the call, management announced several initiatives to re-accelerate growth, including: (1) new memberships with less upfront fees to encourage trials and retention (rolling out in 2H), (2) the evaluation of potential new services like peer-to-peer car sharing and intra-city one way trips, (3) revamped marketing strategies, including a new referral program and a greater focus on partnerships, and (4) a technology upgrade, including an enhanced reservation system and mobile app. While we are encouraged by the aggressive steps, we have limited visibility into timing and expect the new programs to weigh on near-term profits.”
ZIPPY- Looking
for drop below 6.50 pre market Monday , then bounce. Sitting at all time lows right now.. Another example of " Market Overreaction". GL
Zipcar Tanks As Growth Slows
9:55 AM ET 8/3/12 | TREFIS
Zipcar (NYSE:ZIP) announced its Q2 results on Thursday with 15% growth in revenues (y/y) and 21% increase in membership base to 731K. Even though it continued to post a loss, it came much closer to profitability than ever. However, the growth missed market and company’s own expectations, leading to weaker forecasts for the next quarter and current fiscal. As a result, its stock tanked 20% in after-hours trading, falling $2.13 down to $8.50, below the company’s 52-week low for intraday trading and is down heavily in early trading.
Zipcar serves 730K members with a fleet of over 11K vehicles in North America and Europe. Aside from competing with traditional rental companies and car-sharing services like Hertz On Demand,Enterprises WeCar, UHauls UCarShare and City Car Share.
WHOAAAA !!!!!!!
Flippers Paradise here today..Awesome bounces. GL
MARKET TALK: Zipcar 2Q Membership disappoints..
7:54 AM ET 8/3/12 | Dow Jones
7:54 EDT - Zipcar (ZIP) shares set for a beating following 2Q results and outlook, with at least three analyst downgrading the stock. Needham cuts to hold from buy, says "challenging macro environment and marketing missteps slowed membership growth, resulting in lower 2H12 guidance." JPMorgan cuts to neutral from overweight, noting membership additions of 22k "were roughly half of what we were expecting owing to macro issues in the UK and a lackluster response to radio advertising" in the US. "With a disappointing outlook for the seasonally strong 3Q and then the quiet winter period following, we think there is a lack of catalysts for the stock near term." ZIP down 29% at $7.55 in light premarket action. (john.shipman@dowjones.com)
Call us at (212) 416-2181 or john.shipman@dowjones.com
> Dow Jones Newswires
must just be the market b/c no bad news was dropped after 4pm.
I jumped in at $17.20
Can't understand it? Nothing but positive reports!!!!!!
Anybody have a clue to why this dropped so much today? Anything company related or just the market?
On a run again :)
looking to get back in here very soon. lets see if this can hold the high $18s.
LMAO! Not me I swear. Speaking of...I haven't spoken to either one in several days. Hope the Den didn't suck them back in!
rather be a flipper than a rat.
i lost 2 ass mods in a heartbeat. wonder why
i pulled out this am @$23.20. this ran from $19-$24 in a few days. once the chart broke on friday, sellers took advantage. i will be back in soon.
What happened today?
zip continues the climb!!!
LinkedIn, Zipcar among additions to Russell 3000
According to the preliminary data, 186 names are being added to the Russell 3000 RUA, including 22 recent initial public offerings such as Zipcar ZIP and LinkedIn LNKD. Some 104 names are being dropped from the index including Carmike Cinemas CKEC, and one-time Internet darling Books-A-Million BAMM.
Exxon Mobil XOM and Apple AAPL continue to rank as the largest two companies in the index.
It's about time :)
Run zippy run!
lookin great especially on day like this.
Good article - thanks! I love seeing the growth projections for shared ownership--will become more and more important as the costs of living outstrip wages. Go ZIP!
MARKET TALK: Zipcar Offers Road To Returns For Investors
7:36 AM ET 6/10/11 | Dow Jones JPMorgan says the recent pullback on Zipcar (ZIP) presents an opportunity to invest in an early-stage, fast-growth leader in a multi-billion-dollar market, and upgrades the stock to overweight from neutral. ZIP soared as high as $31.50 the day after its IPO at $18 on April 13, but has since dropped back under $20. ZIP has over a 75% share of the auto-sharing market, which yields the benefits of auto ownership without high cost and hassle and engenders sustainable consumption, firm says, while Frost & Sullivan forecasts tenfold growth in car-sharing members through 2016. Shares unchanged at $19.35 premarket. (ian.thomson@dowjones.com)
Agree - especially as all types of insurance become unaffordable.
started buying here today. i think people will start giving up on owning cars and will just rent them by the hour, especially in this recession. this company can be huge in the next few years and the stock is getting very cheap for my liking down here. i will continue to add on any weakness. gl
Whole market seems to be rather timid over the past few days.
What the heck is going on here?
Another great day!!!!!!!!!!!
Wowsers - hadn't looked in several days. Lots of great news. This company is going places!
Great jump today!!!!!!!!!
I like the Zipcar idea. I think the company is grrrrrrrrrrrreat!
Hey, Everyone--Let's get some interest here. Great concept--Know it works well in New York City. Go ZIP!!!!!!!!!!!!!!!
ZIP has promise, however I feel that the IPO is currently overheated. I am waiting for $12 to $14 PPS for a starter position in this company. Zipcar has yet to turn a profit, and competition in the sector from Rental car companies is sure to hurt margins in the near future, imho.
GNPR
Does anyone know the PPS of the original founding investors?
Here. Long. Very happy with this company!
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