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Why Avis Is Not the Next Hertz

Daniel Miller, The Motley Fool
·4-min read
Why Avis Is Not the Next Hertz

One question facing many investors during the COVID-19 pandemic: Will Avis (NASDAQ: CAR) follow rival Hertz (NYSE: HTZ) into bankruptcy? After all, it's easy to imagine that Avis's business would also be struggling mightily with transportation and travel statistics plunging. The truth is a bit of a mixed bag, and Avis's second quarter does show how abysmal business has been, but it also shows why Avis isn't likely to follow its rival into bankruptcy protection anytime soon.

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