Oppenheimer Takeaways from Zipcar Conference Call

Oppenheimer is providing a few conference call takeaways on Zipcar Inc. ZIP. “Following our conference call with the President/COO and CFO of ZIP, we are highlighting several take-aways: 1) management sees a ‘good portion of growth' from existing cities through continued marketing efforts; 2) increased awareness is the primary method to convince members to ‘give-up' car ownership; 3) primary challenge is having enough vehicles to satisfy peak summer demand, aided by 10+ years of member and driving data; 4) municipal support for car-sharing is slowly progressing; 5) REIT partnerships are proving mutually beneficial; and 6) technology advances should improve customer experience and business fundamentals, over time,” Oppenheimer writes. Zipcar closed Wednesday at $24.03.