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 Q2 2020

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Earnings data Q3 2024

Earnings data Q4 2024

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.

Hertz is slowing down plans to include more electric cars in its fleet.  The firm said EVs have higher repair costs and have depreciated significantly.

Hertz's embrace of Teslas isn't going so well

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Hertz CEO Stephen Scherr told CNBC's Jim Cramer that his company will continue buying electric vehicles despite problems with the cars over the last quarter.

Hertz CEO says company will continue to add electric vehicles to its fleet, despite issues

Hertz now has 35,000 Tesla vehicles and around 50,000 electric vehicles in its fleet.

Hertz pulls back on EV plans citing Tesla price cuts, high repair costs

Hertz Global met expectations for revenue in Q3, but adjusted earnings were slightly below estimates. Management lauded strong demand and pricing stability, noting the company continues to focus on cost management to improve margins.

Why Hertz Global Stock Fell Today

Hertz Global (NYSE:HTZ) stock is flirting with a record low following its third quarter results, even after posting record revenue and better than expected earnings.  The rental car company reported adjusted earnings of $0.70 per share, above expectations of $0.68 per share.

Hertz shares teeter on record lows after 3Q results

Hertz Global Holdings, Inc. (HTZ) Q3 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 September 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) Q3 Earnings: A Look at Key Metrics

Hertz Global Holdings, Inc. (HTZ) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.08 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Q3 Earnings Match Estimates

Shares of Hertz Global Holdings Inc. HTZ, -2.03% slumped 3.3% toward a record low in premarket trading Thursday, after the car rental company topped profit expectations while revenue was in line and margins were flat. Net income was $629 million, or 92 cents a share, compared with $577 million, or $1.33 a share, in the year-ago period, as the number of shares used in calculating per-share results dropped 13.7% to 327 million shares.

Hertz stock sinks toward a record low, after profit tops expectations while revenue was in line

"Hertz produced record revenue in the quarter, reflecting ongoing strength in demand and stability in pricing. Our premium Hertz brand performed well, and we saw further growth in our rideshare business and progress in reinvigorating our value brands," said Stephen Scherr, Chair and CEO of Hertz.

HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION

ESTERO, Fla. , Oct. 24, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc., (NASDAQ: HTZ), a global leader in car rental, today announced that Justin Keppy will join the company as Executive Vice President and Chief Operating Officer, effective November 15, 2023.

Hertz Names Justin Keppy as Chief Operating Officer

New York, New York--(Newsfile Corp. - October 18, 2023) - iPark, a leading name in the parking industry in New York City, reveals the strategic decision to establish a Hertz office within the 615 West 59th Street iPark garage. This move, spearheaded by CEO Billy Lerner, represents a significant milestone in iPark's ongoing commitment to providing convenient and hassle-free parking and transport solutions to the drivers of New York.

iPark and CEO Billy Lerner Reveal the Strategic Decision to Open a New Hertz Location at 615 West 59th Street

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ESTERO, Fla. , Oct. 3, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ)  (the "Company") announced today that it plans to report its third quarter 2023 financial results at approximately 7:30 a.m.

Hertz Global Holdings, Inc. to Announce Third Quarter 2023 Financial Results on October 26th

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2023) - Hertz Lithium Inc. (CSE: HZ) (FSE: QE2) (the "Company" or "Hertz") is pleased to announce that it has entered into a share exchange agreement (the "Definitive Agreement") among the Company, Canuck Lithium Corp. ("Canuck"), and the shareholders of Canuck (the "Canuck Shareholders"), pursuant to which the Company will acquire 100% of the issued and outstanding common shares in the capital of Canuck (the "Proposed Transaction"). About Canuck Canuck owns 100% of the ACDC Project, located in the emerging world class hard rock lithium district in James Bay, Quebec, Canada.

Hertz Lithium Inc. Announces Agreement to Acquire Canuck Lithium Corp.

Mayor Adams Partners with Hertz to Add Electric Vehicles, Create Jobs, and Provide Workforce Training NEW YORK , Sept. 20, 2023 /PRNewswire/ -- During New York City Climate Week, Hertz (NASDAQ: HTZ) CEO Stephen Scherr and New York City Mayor Eric Adams launched "Hertz Electrifies New York City," a public-private partnership aimed at increasing electric vehicle (EV) adoption and extending the environmental and economic benefits of electrification across neighborhoods.

Hertz and Mayor Adams Launch "Hertz Electrifies New York City"

Paul Stone will exit from the responsibilities of Hertz Global (HTZ) as a COO from Sep 30, 2023.

Hertz Global (HTZ) is in Search of New COO Post Paul Stone

ESTERO, Fla., Sept. 13, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc. (Nasdaq: HTZ) today announced that Paul Stone, Chief Operations Officer and President, will step down from his role effective September 30, 2023, to pursue opportunities in the retail sector, where he began his career.

Hertz Announces Departure of Paul Stone; Search For New Chief Operating Officer Underway

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I recommended Hertz a buy due to the positive industry setup and strong demand rebound. Hertz's business is benefiting from increased transaction days, fleet utilization, and fleet size, indicating sustained demand. The valuation suggests a potential upside, but risks remain if the car rental industry faces unexpected challenges.

Hertz: EBITDA Growth In FY24 May Be The Upcoming Catalyst

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Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Stephen Scherr - CEO Alex Brooks - CFO Johann Rawlinson - VP, IR Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer & Company John Healy - Northcoast Research Stephanie Moore - Jefferies Christopher Stathoulopoulos - Susquehanna International Group Operator Welcome to Hertz Global Holdings Second Quarter 2023 Earnings Call. Currently, all lines are in a listen-only mode.

News for Hertz Stock (HTZ)