Uber and Avis stocks surge on positive market sentiment with growth expected in sales and earnings

From Nasdaq: 2025-06-24 18:08:00

Uber Technologies and Avis Budget Group stocks surged amid positive market sentiment. Uber’s partnership with Waymo for autonomous robotaxi services led to a 7% spike, while Avis’s focus on EV models boosted its stock by 17%. Both companies are expected to see growth in sales and earnings in the coming years.

Uber and Avis are expanding their services and fleets to capitalize on the growing demand for electric vehicles and autonomous driving technology. Uber’s partnership with Tesla for EV expansion and Avis’s investment in EV infrastructure are driving investor confidence in the transportation service providers.

Despite the recent rally, Uber and Avis stocks are currently rated as a Hold by Zacks. Both companies are expected to see growth in sales and earnings in the future. Investors may consider holding onto their positions in these transportation service providers, but a pullback could provide better buying opportunities.

Zacks Investment Research is recommending a semiconductor stock that has significant growth potential in the AI, ML, and IoT markets. With the global semiconductor market projected to grow, this stock could see substantial gains. Investors can access Zacks’ latest recommendations for free to explore this opportunity further.



Read more at Nasdaq: Buy Uber or Avis Stock for Higher Highs?