Zipcar makes a comeback and exceeds expectations for Q3 revenue and earnings
Photo Credit: The Zipcar sign at Manhattan parking garage. Flickr.com / Shinya Suzuki
Skift Take
Competition is growing against Zipcar, especially in local markets, but its recent successful expansion in Spain and Austria gives investors confidence for further growth efforts.
Zipcar reported a 15 percent increase in earnings and 18 percent increase in users during its 2012 third quarter earnings call on Thursday. This is a vast improvement from the car-sharing company’s disappointing second-quarter losses.
In the wake of an increasingly competitive car-sharing market, Zipcar is looking to decrease barriers to trail and continues to develop a number of niche initiatives that i
