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It's great when a business has a model that provides a service at benefit to the environment. It's even better when that business also turns a profit.

Zipcar reported its third quarter financials this week. If you only looked at the resulting change in the stock price, you might think that Zipcar had blown it. Their stock took a sharp hit as they failed to meet the expectations of some Wall Street analysts. However, they did meet one very significant target: They turned a profit.

With overall revenues up 24%, the four original locations (Boston, New York City, San Fancisco, and Washington D. C.) continuing to grow at a rate of 23%, and with membership now topping 650,000, Zipcar seems to be in it for the long term. Overall, they returned $0.02 on revenues of $68.1 million.

With service in over 20 markets in the U.S., Canada and UK, along with a large number of university and business locations, Zipcar is the leader in car sharing. Their IPO last spring raised over $174 million. Cars available through the system include the Toyota Prius, and San Francisco members can get an advanced look at the Plug-in Prius.


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    • 1 Second Ago
  • 8 Comments
      Koblog
      • 5 Months Ago
      "It's even better when that business also turns a profit." BladeDoc has it: NO business is "good" if it doesn't "turn a profit." If it isn't profitable, it's either ******* money from productive people or going out of business. Solyndra comes to mind: a "green=good" money laundering scam that takes public tax money, gives it to a high-risk, very politically connected (as in personally supported by the White House) consortium of very rich investors (that included the California Democrat Party) that then gives a percentage of the public money in the form of campaign contributions back to the same corrupt politicians who took the money from the public in the first place, then goes bankrupt. The half billion dollars disappears, but somehow the rich "investors" get their money back, and Obama keeps the campaign contributions. The losers are, of course, the people paying the taxes. That's what happens when a politically favored green company "doesn't turn a profit."
      Jeff McCabe
      • 5 Months Ago
      BladeDoc is correct. "It's great when a business has a model that provides a service at benefit to the environment. It's even better when that business also turns a profit." is totally backwards. Unless the business turns a profit, it will not provide a service that benefits the environment. Since it eventually ceases to exist. I also wonder about the mindset that would phrase it that way. .
      Fons Jena
      • 5 Months Ago
      That sticker is not well placed... they should pop those airbubles with a needle and it will look a lot better (had the same problem)! Anyway nice to know they are making profit.
      • 5 Months Ago
      Your first sentence is why the whole green thing is a boondoggle. You got it backwards -- it is great when a business finds a model that makes a profit because then THAT BUSINESS WILL SURVIVE. It's the environmental bennies that are added value. Until and unless the green industry figures out a model that doesn't include "and then a miracle happens" or "then the government gives us huge subsidies" we will continue to have Solyndra after Solyndra. Kudos to Zipcar for figuring it out.
      • 5 Months Ago
      Oh-Oh-Oh.......I have owned stock in this company for a while.........Hope it goes viral.....
      EZEE
      • 5 Months Ago
      Yay!
      cvcxzvz
      • 5 Months Ago
      [URL=http://www.tiffanynecklaceonline.com]bracelet with charm[/URL] reported its third quarter financials this week. If you only looked at the resulting change in the stock price, you might think that Zipcar had blown it.
      Brody
      • 5 Months Ago
      I love Zip car. But I have learned to treat Zip cars the same way as "Student Driver" ha ha