Hertz

Hertz Global Holdings, Inc. engages in the provision of car rental services. It operates through the following segments: U.S. Rental Car, International Rental Car, and All Other Operations. The U.S. Rental Car segment deals with rental of vehicles, as well as sales of ancillary products and services in the U.S. The International Rental Car segment offers rental and leasing of vehicles, as well as sales of ancillary products and services internationally. The All Other Operations segment refers to the vehicle leasing and fleet management services, and other business activities through its subsidiary DonLen. The company was founded in 1918 and is headquartered in Estero, FL.

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Hertz reports strong Q4 earnings, eyes growth in EV market

Hertz had a strong Q4 and record year, focusing on growth initiatives.
Performance in corporate and inbound travel was robust with positive trends.
Challenges include managing depreciation costs and price declines cautiously.
Opportunities lie in revitalizing brands, expanding EV fleet, and cost efficiency.

Hertz reports strong Q1 earnings, eyes EV expansion and market revitalization

Hertz delivered robust financial performance in Q1 2023, driven by revenue growth, EBITDA margin improvement, and strategic initiatives to optimize fleet operations.
While facing challenges with rising interest expenses and accounting changes, Hertz remains focused on capitalizing on opportunities in EV expansion and market revitalization.
Overall, Hertz's proactive approach to fleet management, pricing strategies, and market positioning reflects resilience and adaptability in a dynamic industry landscape.

Hertz reports robust Q2 earnings, eyes growth opportunities in 2024

Hertz's Q2 2023 performance reflects strong revenue growth, effective fleet management strategies, and progress on key initiatives. While facing challenges in residual risk management and market fluctuations, the company is optimistic about growth opportunities in 2024 and actively considering share repurchases. Transitioning to the Cloud and strengthening partnerships offer avenues for future growth.

Hertz achieves record revenue in Q3, focuses on brand strength and productivity

Hertz's Q3 performance reflects revenue growth, margin improvement, and operational efficiencies. The company is strategically focusing on brand strength, productivity gains, and expanding into growth sectors. Challenges with EV costs and pricing dynamics are being actively managed to drive future profitability.

Hertz plans cost-saving measures and fleet optimization for 2024

Hertz is confident in its path forward for 2024, focusing on reducing the EV fleet and implementing cost-cutting measures to improve financial position. The company aims to increase EBITDA in 2024, stabilize residual prices, and achieve significant cost savings. Despite challenges, Hertz sees opportunities in fleet optimization and cost reduction strategies.

Hertz faces financial challenges but focuses on operational efficiency

Hertz's Q1 2024 earnings call reflected financial challenges but also highlighted strategic initiatives to improve operational efficiency and profitability.
The company's focus on fleet optimization, revenue growth, and cost reduction indicates a proactive approach to address current difficulties.
Despite short-term challenges, Hertz's emphasis on customer experience, liquidity management, and cost reduction presents opportunities for long-term growth and stability.
The transition year under new leadership aims to position Hertz for success through fleet rotation, premium revenue growth, and operational excellence.

Hertz (HTZ) reports progress in transformation strategy and revenue growth

Hertz's Q2 2024 earnings call highlights progress in fleet optimization, cost management, and revenue growth strategies.
The company aims to strengthen its balance sheet, liquidity position, and achieve target metrics by 2025 for sustainable growth.
Challenges include executing fleet rotation plan, managing maintenance costs, and balancing cost reduction with revenue growth.
Opportunities lie in optimizing fleet mix, enhancing customer experience, and driving profitability through value-added services.

Hertz reports Q3 revenue of $2.6B, focuses on cost efficiencies

Hertz's Q3 performance was impacted by an asset impairment charge, with a focus on optimizing fleet rotation and reducing costs.
The company's strengths lie in operational excellence, customer experience, and commitment to cost efficiencies.
Challenges include market volatility, capital raising, and improving unit metrics, while opportunities exist in revenue enhancement and operational optimization.

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Hertz Global Holdings, Inc. engages in the vehicle rental business through the Hertz, Dollar, and Thrifty brands. It operates under the Americas Rental Car (RAC) and International Rental Car (RAC) segments. The Americas RAC segment focuses on operations in the United States, Canada, Latin America, and the Caribbean. The International RAC segment includes the provision of rental and sales of vehicles and value-added services in other locations. The company was founded in 1918 and is headquartered in Estero, FL.

Transportation veteran to focus on operationally-driven revenue and EBITDA growth ESTERO, Fla. , March 15, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ), a leading global rental car company, today announced that Gil West, former Chief Operating Officer of Delta Airlines and GM's Cruise unit, will become Chief Executive Officer effective April 1, 2024, at which time he will join the Board.

Hertz Announces Appointment of Gil West as Chief Executive Officer as Stephen Scherr Steps Down as CEO of the Company

Hertz has dropped substantially on issues related to its foray into EVs. The drop has put Hertz in a position to be considered for a portfolio of "falling knives" that could outpace the market going forward on mean reversion. Management is taking corrective action to weed out the problems arising from EVs. These include selling EVs, cutting costs, and utilizing cash to reward shareholders through buybacks.

Hertz: Take The Wheel, Contrarians

Avis Budget Group

Hertz Global Holdings Inc.'s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.

Hertz's stock headed for fresh closing low after being caught in downdraft created by Avis

Hertz is pausing its purchase of 65,000 EVs from Swedish auto manufacturer Polestar, the Financial Times reported Monday. But Hertz's game plan isn't sitting well with investors or analysts who say more could be done.

Hertz keeps shifting away from electric cars, but stock analysts say it needs a better strategy

It's been a volatile day for Hertz Global Holdings Inc (NASDAQ:HTZ).

Car Rental Stock Hits, Rebounds Off Post-Earnings Record Low

Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36 per share, missing analyst projections of a 76-cent loss.

Hertz Weighs Layoffs Amid Pivot Away from EVs

Hertz Global Holdings, Inc. (HTZ) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Hertz Global Holdings, Inc. (HTZ) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Hertz Global Holdings, Inc. (HTZ) Q4 Earnings: A Look at Key Metrics

Hertz Global (NYSE:HTZ) Holdings Inc stock slipped to a new low on Tuesday morning after the car rental firm posted worse-than-anticipated losses for the fourth quarter. Losses hit US$348 million over the three months to December, Hertz revealed Monday, compared to US$116 million a year earlier.

Hertz shares tumble to new low after losses worsen

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.36 per share versus the Zacks Consensus Estimate of a loss of $1.02. This compares to earnings of $0.50 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Reports Q4 Loss, Tops Revenue Estimates

Hertz Global Holdings Inc.'s stock HTZ, -5.63% tumbled 6% early Tuesday, after the car rental company posted a wider-than-expected fourth-quarter loss as it booked charges to cover the costs of a major reduction of its EV fleet. Hertz posted a net loss of $348 million, or $1.14 a share, for the quarter, after income of $116 million, or a loss of 1 cent a share, in the year-earlier period.

Hertz's stock slides 6% after posting wider-than-expected loss amid continued headwinds from EVs

"Our business benefitted from solid demand and a stable rate environment in the fourth quarter," said S tephen Scherr, Hertz chair and chief executive officer. "Nevertheless, we continued to face headwinds related to our electric vehicle fleet and other costs throughout the quarter.

HERTZ REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Hertz is pausing plans to buy 65,000 EVs from Polestar, the Swedish firm's CEO told the FT. It comes after Hertz said it would sell 20,000 electric vehicles due to high repair costs.

Hertz halts plan to buy 65,000 electric cars amid EV slump

Polestar Automotive Holding UK PLC

Polestar (NASDAQ:PSNY) stock is slipping on Monday after the electric vehicle (EV) company waived an agreement with Hertz (NASDAQ:HTZ) for the purchase of its EVs. Hertz had originally agreed to acquire 65,000 EVs from Polestar over a five-year period.

PSNY Stock Alert: Is Hertz Giving Up on Polestar?

Hertz Global Holdings Inc (NASDAQ: HTZ) says it will not buy electric vehicles from Polestar Automotive Holding UK Plc (NASDAQ: PSNY) in 2024. Shares of the latter are down 5.0% this morning.

Hertz pauses plans of buying Polestar EVs

Hertz Global Holdings, Inc. (HTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Hertz Global Holdings, Inc. (HTZ) Q4 Earnings Expected to Decline

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Analyst upgrades aren't gospel. But retail investors should pay close attention to the way top analysts and “smart money” operators position themselves in today's economic climate.

Wall Street Whispers: 3 Stocks With Recent Analyst Upgrades

Hertz Global Holdings Inc. lost another bullish endorsement from a Wall Street analyst, and the car-rental company's association with electric-vehicle giant Tesla Inc. is a big reason behind the latest downgrade.

Hertz's stock gets downgraded, and Tesla has a lot to do with it

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Hertz Global Holdings, Inc. (Nasdaq: HTZ) concerning the Company and its directors' and officers' possible violations of state laws. If you own Hertz stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at tke.

Glancy Prongay & Murray LLP Announces Investigation of Hertz Global Holdings, Inc. (HTZ)

Hertz Global Holdings, Inc. (HTZ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Hertz Global Holdings, Inc. (HTZ) Surges 7.5%: Is This an Indication of Further Gains?

Morgan Stanley's Adam Jonas raised his rating on Hertz. The analyst praised the company's decision to sell 20,000 EVs from its fleet.

Why Hertz Global Stock Popped Today

Hertz (NASDAQ: HTZ ) stock is on the rise Thursday as investors react to an upgrade from Morgan Stanley analysts. Morgan Stanley's Adam Jonas is behind today's upgrade as he boosted the shares from an “equal weight” rating to an “overweight” rating this morning.

Why Is Hertz (HTZ) Stock Up 8% Today?

Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas , for gas-powered cars.

Hertz's EV sale to fan cost concerns, dampen used-car market

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Tesla

Hertz is selling about 20,000 EVs, replacing some of them with combustion vehicles. The move is the latest sign that demand for electric vehicles could be fading.

EV Stock Investors Can't Ignore the Latest Industry Warning Sign

Hertz announced last week that it would be selling roughly a third of its fleet of electric vehicles, or roughly 20,000 that are predominately Tesla and GM.

News for Hertz Stock (HTZ)