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.

NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=87252&wire=1 or contact Joseph E. Levi, Esq.

Lost Money on Hertz Global Holdings, Inc.(HTZ)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky

NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=87239&wire=1 or contact Joseph E. Levi, Esq.

Hertz Global Holdings, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights – HTZ

RADNOR, PA / ACCESSWIRE / June 23, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ:HTZ) in the United States District Court for the Middle District of Florida. The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Kessler Topaz Meltzer & Check, LLP Reminds Hertz Global Holdings, Inc. (HTZ) Investors of Securities Fraud Class Action Lawsuit Deadline July 30, 2024

LOS ANGELES, CA / ACCESSWIRE / June 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

The Schall Law Firm Urges Investors Who Have Incurred Losses In Hertz Global Holdings Inc To Make Contact

NEW YORK, NY / ACCESSWIRE / June 22, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=86952&wire=1 or contact Joseph E. Levi, Esq.

Class Action Filed Against Hertz Global Holdings, Inc. (HTZ) Seeking Recovery for Investors = Contact Levi & Korsinsky

RADNOR, Pa. , June 22, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ) in the United States District Court for the Middle District of Florida.

Important July 30, 2024 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Hertz Global Holdings, Inc. (HTZ)Investors of Securities Fraud Class Action Lawsuit

LOS ANGELES, CA / ACCESSWIRE / June 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

The Schall Law Firm Encourages Investors Who Have Sustained Losses In Hertz Global Holdings Inc To Reach Out

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Junk bonds are beating the broader U.S. fixed-income market so far in 2024 — but pummeled Treasurys have attempted a comeback lately.

Junk bonds are beating the broader market so far in 2024 — but watch this shift

Hertz just announced it will float $1 billion in bonds. The company will use the cash it raises to pay off some near-term debt.

Why Hertz Global Holdings Stock Popped Today

RADNOR, Pa., June 21, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz”) (NASDAQ: HTZ) in the United States District Court for the Middle District of Florida. The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Hertz's materially misleading statements and omissions to the public, Hertz's investors have suffered significant losses. The lead plaintiff deadline is July 30, 2024.

Important July 30, 2024 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Hertz Global Holdings, Inc. (HTZ) Investors of Securities Fraud Class Action Lawsuit

LOS ANGELES, CA / ACCESSWIRE / June 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

The Schall Law Firm Urges Investors Who Have Incurred Losses In Hertz Global Holdings Inc To Get In Touch

Hertz Global Holdings Inc. said Friday it upsized its junk-bond offering to $1.0 billion from an original plan to raise just $750 million, as the troubled car-rental company seeks to maximize its financial flexibility as it pushes ahead with a fleet refresh.

Hertz upsizes junk-bond offering to $1 billion as it pushes ahead with fleet refresh

Comprised of $750 Million of First Lien Senior Secured Notes and $250 Million of Exchangeable Senior Second-Lien Secured PIK Notes Issued by The Hertz Corporation ESTERO, Fla. , June 21, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), has entered into agreements to sell $750 million (representing an upsize from the previously announced $500 million) aggregate principal amount of 12.625% First Lien Senior Secured Notes due 2029 (the "First Lien Notes") and $250 million aggregate principal amount of 8.000% Exchangeable Senior Second-Lien Secured PIK Notes due 2029 (the "Exchangeable Notes" and, together with the First Lien Notes, the "Notes"), in private offerings exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Announces Upsize and Pricing of $1 Billion Offerings

Robbins LLP is Investigating Allegations that Hertz Global Holdings, Inc. (HTZ) Misled Investors Regarding the Financial Impact of Vehicle Depreciation

HTZ Class Action Alert: Robbins LLP Reminds HTZ Stockholders About the Hertz Global Holdings, Inc. Securities Fraud Class Action

Hertz Global Holdings Inc.'s stock fell Thursday and its bonds were selling off after the car-rental company warned of a much larger adjusted loss for the current quarter as it tries to unwind its bet on EVs and refresh its fleet.

Hertz's stock and bonds fall after company warns of much bigger quarterly loss as it unwinds EV fleet

LOS ANGELES, CA / ACCESSWIRE / June 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

Investors Who Have Incurred Losses In Hertz Global Holdings Inc Are Urged By The Schall Law Firm To Establish Contact

Hertz Global Holdings said on Thursday it intends to raise $750 million through secured notes offerings, as it looks to shore up its balance sheet after a failed bet on electric vehicles.

Rental car firm Hertz plans to raise $750 mln through notes

Comprised of $500 Million of First Lien Senior Secured Notes and $250 Million of Exchangeable Senior Second-Lien Secured PIK Notes Issued by The Hertz Corporation ESTERO, Fla. , June 20, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of First Lien Senior Secured Notes due 2029 (the "First Lien Notes") and $250 million in aggregate principal amount of Exchangeable Senior Second-Lien Secured PIK Notes due 2029 (the "Exchangeable Notes" and, together with the First Lien Notes, the "Notes"), in private offerings exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Announces Committed Offerings Totaling $750 Million

NEW YORK , June 20, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ). Shareholders who purchased shares of HTZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

Class Action Filed Against Hertz Global Holdings, Inc. (HTZ) Seeking Recovery for Investors - Contact The Gross Law Firm

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024, both dates inclusive (the “Class Period”), of the important July 30, 2024 lead plaintiff deadline.

ROSEN, A LEADING NATIONAL FIRM, Encourages Hertz Global Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HTZ

LOS ANGELES, CA / ACCESSWIRE / June 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

Investors In Hertz Global Holdings Inc Who Have Incurred Losses Are Urged By The Schall Law Firm To Establish Contact

NEW YORK, NY / ACCESSWIRE / June 19, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=86273&wire=1 or contact Joseph E. Levi, Esq.

July 30, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against - HTZ

RADNOR, PA / ACCESSWIRE / June 18, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ:HTZ) in the United States District Court for the Middle District of Florida. The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Securities Class Action Lawsuit Filed Against Hertz Global Holdings, Inc. (HTZ)

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ).

Hertz Global Holdings, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before July 30, 2024 to Discuss Your Rights – HTZ

LOS ANGELES, CA / ACCESSWIRE / June 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ:HTZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

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