Mass. Movers

Forecast again drives up Zipcar

Scott Griffith is the chief executive of Cambridge-based Zipcar.

Scott Eells/Bloomberg News/File

Scott Griffith is the chief executive of Cambridge-based Zipcar.

On a mostly slow day of holiday trading, Zipcar Inc. investors again hit the gas. Last week, the company, which rents cars hourly or daily, reported a quarterly profit that topped estimates and raised the lower end of its annual profit forecast. On Friday, the stock had its biggest gain since April 14, 2011, the first trading day; it had fallen 55 percent this year through Thursday. “We are on track to deliver 2012 as Zipcar’s first full year of profitability,” CEO Scott Griffith said. Zipcar forecast it will earn $1 million to $4 million this year.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of