If you’re interested in car rental and car-sharing stocks, here are some of the key publicly traded companies in the industry:
1. Avis Budget Group (CAR)
- Exchange: NASDAQ
- Overview: Best known for traditional car rentals, Avis also owns Zipcar, one of the pioneers in car-sharing. While rentals remain the core business, Zipcar is still a notable part of the company.
2. Europcar Mobility Group (EUCAR)
- Exchange: Euronext Paris
- Overview: A major European player offering both rental and car-sharing services, including Ubeeqo. Focuses on short-term rentals and corporate mobility solutions.
3. Hertz Global Holdings (HTZ)
- Exchange: NASDAQ
- Overview: A long-time leader in car rentals that’s now expanding into car-sharing. The company went through bankruptcy in 2020 but has since restructured.
4. Sixt SE (SIX2)
- Exchange: Frankfurt Stock Exchange
- Overview: A well-known German brand offering short-term rentals and car-sharing services across Europe.
5. Facedrive (FD)
- Exchange: TSX Venture Exchange (Canada)
- Overview: A Canadian car-sharing service focused on eco-friendly options, mainly electric vehicles. The stock is highly volatile due to low trading volume.
6. HyreCar (HYRE)
- Exchange: NASDAQ
- Overview: A platform where Uber, Lyft, and gig drivers can rent cars. It’s not exactly a car-sharing service, but it operates within the gig economy.
7. Tata Motors (TTM)
- Exchange: NYSE (ADR), BSE (India)
- Overview: The owner of Jaguar Land Rover, which has been experimenting with car-sharing. However, Tata Motors’ main business remains auto manufacturing.
Other Notable Mentions
- Didi Global (DIDI): The Chinese ride-sharing giant was once listed on the NYSE but delisted in 2022 due to regulatory challenges.
- Getaround: A U.S.-based peer-to-peer car-sharing service, but it’s still privately held.
- Share Now: A joint venture between BMW and Mercedes-Benz, but not a publicly traded company.
Risks to Consider
Car-sharing divisions are often small compared to the company’s main business.
Risks to Keep in Mind
Car-sharing divisions are often just a small part of a company’s overall business.
The industry faces tough competition, especially from smaller startups entering the market (like Getmancar). On top of that, regulatory uncertainty – especially in China and the EU – adds another layer of risk for companies in this space.