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.

Earnings data Q1 2020

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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.

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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.

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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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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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.

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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.

Hertz makes 'agile' decision to shift strategy and sell EVs, Teslas

Hertz said expensive repairs helped inform its decision to downsize its EV fleet.  The move is a warning to potential EV owners about "hidden'" costs.

Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere

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EV sales hit a record for volume and market share during the fourth quarter of 2023. Despite records, year-over-year EV sales growth has slowed.

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The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.

Hertz Will Sell Electric Cars After Being Burned by Tesla's Price Cuts

Hertz had said it would order 100,000 Teslas by the end of 2022 and followed that with a decision to buy up to 65,000 units over five years from Polestar.

Hertz plans to sell 20,000 EVs, including Teslas, as it returns focus to gas-powered cars

Tesla stock is working on its ninth loss in 10 trading days. Hertz is dumping many Tesla EVs, citing weak demand and high collision costs.

Tesla Stock Breaks Key Level For First Time Since November As Hertz Downsizes EV Fleet

Hertz said it will sell about 20,000 electric vehicles from its U.S. fleet. It said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024.

Hertz selling 20,000 EVs from fleet, to reinvest in gas-powered vehicles

Hertz Global (NYSE:HTZ) has announced it is selling about 20,000 electric vehicles (EV) from its US fleet — equal to about a third of its global EV fleet — “to better balance supply against demand of EVs.” In a regulatory filing, the company said the disposals of multiple makes and models of EVs were initiated in December 2023 and will take place in an orderly fashion over the course of 2024.

Hertz to slash EV fleet by about 20,000 due to weak demand

Hertz Global Holdings Inc (NASDAQ: HTZ) plans on selling 20,000 electric vehicles it currently has in its U.S. fleet. Shares of the car rental company opened in the red on Thursday.

News for Hertz Stock (HTZ)