DETROIT, Oct 24 (Reuters) - Enterprise Holdings Inc , owner of the largest U.S. rental car fleet, on Tuesday reported that its revenue for its fiscal 2017 year ending July 31 rose 6.5 percent to $22.3 billion.
The private, family-held company, which owns the Enterprise brand and bought the Alamo and National brands in 2007, does not report net income.
The St. Louis-based firm, with an estimated U.S. fleet of 1.3 million cars, dwarfs its nearest rivals Avis Budget Group Inc and Hertz Global Holdings Inc, which reported 2016 annual revenue of $8.7 billion and $8.2 billion respectively.
During its fiscal 2017 year Enterprise said it had expanded Enterprise Rideshare, a vanpooling program, throughout the United States and also expanded its truck rental and car sales businesses.
Doubts about over-capacity and industry pricing have weighed on the shares of Avis Budget and Hertz, as have concerns that off-lease cars are flooding the used-car market. The rise of car-sharing companies have also made some investors wary. (Reporting by Nick Carey; Editing by Sandra Maler)