We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Avis Budget Partners Amazon on Car Rental Booking via Echo
Read MoreHide Full Article
Vehicle rental & automobile leasing services provider, Avis Budget Group, Inc. (CAR - Free Report) , recently entered into a strategic partnership with Amazon.com, Inc. (AMZN - Free Report) to offer its customers car rental reservations services. Despite such an innovative endeavor, the news failed to evoke any positive investor response as shares traded relatively flat to close at $31.40 yesterday.
Over the last one month, shares of this Zacks Rank #3 (Hold) stock have returned 45.24%, outperforming the Zacks categorized Business - Services industry’s 3.81% gain, driven by some ingenious campaigns and collaboration with Waymo’s self-driving fleet.
Inside the Headlines
The deal would allow Avis to offer car rental reservation services through Amazon’s Echo devices simply by using an Alexa-enabled device. The offering is expected to be commercially available by the end of August.
This new feature makes Avis the first car rental services provider to allow passengers book and manage car reservations through an Amazon Echo device. This feature also allows customers to track their reservation history, as well as enable them to request e-receipts.
The collaboration would allow Avis to tap increasing communication between users and virtual assistants. As per Gartner, Inc (IT - Free Report) , by 2018, almost one-third of consumer interactions with technology are going to be through voice assistance platforms. Avis already has an Android application that enables customers to make, confirm or cancel bookings through voice commands. The integration with Amazon Alexa would allow Avis to support its exploration of online and mobile portals program by creating an advanced reservation and rental experience for its customers. This is likely to generate incremental revenues for Avis as more customers use this convenient feature for car rental services.
Healthcare Services Group has a long-term earnings growth expectation of 14.5%. It topped earnings estimates twice in the trailing four quarters with a positive surprise of 1.7%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Avis Budget Partners Amazon on Car Rental Booking via Echo
Vehicle rental & automobile leasing services provider, Avis Budget Group, Inc. (CAR - Free Report) , recently entered into a strategic partnership with Amazon.com, Inc. (AMZN - Free Report) to offer its customers car rental reservations services. Despite such an innovative endeavor, the news failed to evoke any positive investor response as shares traded relatively flat to close at $31.40 yesterday.
Over the last one month, shares of this Zacks Rank #3 (Hold) stock have returned 45.24%, outperforming the Zacks categorized Business - Services industry’s 3.81% gain, driven by some ingenious campaigns and collaboration with Waymo’s self-driving fleet.
Inside the Headlines
The deal would allow Avis to offer car rental reservation services through Amazon’s Echo devices simply by using an Alexa-enabled device. The offering is expected to be commercially available by the end of August.
This new feature makes Avis the first car rental services provider to allow passengers book and manage car reservations through an Amazon Echo device. This feature also allows customers to track their reservation history, as well as enable them to request e-receipts.
The collaboration would allow Avis to tap increasing communication between users and virtual assistants. As per Gartner, Inc (IT - Free Report) , by 2018, almost one-third of consumer interactions with technology are going to be through voice assistance platforms. Avis already has an Android application that enables customers to make, confirm or cancel bookings through voice commands. The integration with Amazon Alexa would allow Avis to support its exploration of online and mobile portals program by creating an advanced reservation and rental experience for its customers. This is likely to generate incremental revenues for Avis as more customers use this convenient feature for car rental services.
Stock to Consider
A better-ranked stock in the industry is Healthcare Services Group, Inc. (HCSG - Free Report) that currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Healthcare Services Group has a long-term earnings growth expectation of 14.5%. It topped earnings estimates twice in the trailing four quarters with a positive surprise of 1.7%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>