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 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 Global Holdings Inc on Thursday beat analyst estimates for quarterly results as more people rented cars to commute to office and travel outstation, sending the company's shares up nearly 4% before the bell.

Hertz results beat estimates on strong rental car demand

Hertz Global Holdings Inc.'s stock HTZ rose 3% premarket Thursday, after the car-rental company posted better-than-expected first-quarter earnings, even as net income fell from a year ago. Estero, Fla.

Hertz stock up 3% premarket after earnings beat

"Hertz posted strong results in the first quarter, reflecting continued growth in demand across all customer segments and sustained pricing both in the U.S. and abroad," said Stephen Scherr, Hertz chair and chief executive officer. "Our continued investments in the business, particularly in the areas of technology and electrification, are improving our operational cadence, extending our reach in rideshare, and enabling the revitalization of our value brands, all with a view toward delivering sustainable returns for our shareholders.

HERTZ REPORTS FIRST QUARTER 2023 RESULTS: REVENUE OF $2.0 BILLION, NET INCOME OF $196 MILLION AND ADJUSTED CORPORATE EBITDA OF $237 MILLION

Hertz Global Holdings, Inc. (HTZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Hertz Global Holdings, Inc. (HTZ) Beat Estimates Again in Its Next Earnings Report?

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2023) - Hertz Lithium Inc. (CSE: HZ) (the "Company") is pleased to announce that it has granted an aggregate of 750,000 stock options (the "Options") to consultants and a director and officer of the Company to purchase 750,000 common shares (the "Shares") in the capital of the Company pursuant to the Company's stock option plan. The Options, which vest immediately, are exercisable at an exercise price of $0.19 per Share for a period of two (2) years from the date of grant.

Hertz Lithium Inc. Announces Option Grants and Engagement of IR Provider

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Hertz Lithium Inc. (CSE: HZ) (the "Company") is pleased to announce that it has begun trading on the Frankfurt Stock Exchange (the "FSE") under the symbol "QE2". The Company's common shares are now dual-listed on the Canadian Securities Exchange and the FSE, which is among the largest stock exchanges in the world.

Hertz Lithium Inc. Announces Listing on The Frankfurt Stock Exchange

Hertz and City of Atlanta Launch Partnership to Expand Electric Vehicle Rentals, EV Charging Infrastructure and Education and Training Opportunities ATLANTA , April 19, 2023 /PRNewswire/ -- Hertz (NASDAQ: HTZ) chair and CEO Stephen Scherr and Mayor of Atlanta Andre Dickens launched Hertz Electrifies Atlanta, a public private partnership aimed at accelerating the adoption of electric vehicles (EVs) and expanding the environmental and economic benefits of electrification throughout Atlanta. As part of the partnership, Hertz aims to bring up to an additional 4,000 rental EVs to Atlanta – including models from GM, Tesla and Polestar – for availability to leisure and business customers as well as rideshare drivers.

Hertz and Mayor Dickens Launch "Hertz Electrifies Atlanta"

Vancouver, British Columbia--(Newsfile Corp. - April 6, 2023) - Hertz Lithium Inc. (CSE: HZ) (the "Company") is pleased to announce the closing of its initial public offering (the "Offering") pursuant to its prospectus dated February 16, 2023 (the "Prospectus") filed with the securities commissions in each of the provinces of Canada, other than Quebec. Effective at the opening of the market on April 10, 2023, the Company's common shares (the "Shares") will commence trading on the Canadian Securities Exchange (the "CSE") under the symbol "HZ".

Hertz Lithium Inc. Completes Initial Public Offering

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

Hertz Global Holdings, Inc. to Announce First Quarter 2023 Financial Results on April 27th

Restructuring enabled Hertz to lower its debt burden. Following its bankruptcy, Hertz turned in a record 2022.

Back From the Dead: Is Hertz Actually a Stock to Buy Now?

Car-rental company taps accounting officer to stand in while the board searches for a permanent replacement.

Hertz Finance Chief Kenny Cheung to Step Down

Hertz Global Holdings Inc. HTZ, -4.93% said Monday that Chief Financial Officer Kenny Cheung was leaving the company, after about 2 1/2-years in the role. The car rental company appointed Chief Accounting Officer Alexandra Brooks as interim CFO, effective April 1, and has initiated a formal search for a permanent CFO.

Hertz CFO Kenny Cheung to leave company, to pursue another professional opportunity

ESTERO, Fla. , March 27, 2023 /PRNewswire/ -- Hertz Global Holdings, Inc. (Nasdaq: HTZ) today announced that it has appointed Alexandra Brooks, its Chief Accounting Officer, as interim Chief Financial Officer effective April 1, 2023.

Hertz Announces Departure of Chief Financial Officer

Partnership with Montbello Career and Technical High School Jumpstarts Training for Jobs of the Future DENVER , March 3, 2023 /PRNewswire/ -- Hertz (NASDAQ: HTZ) Chair and CEO Stephen Scherr and Denver Mayor Michael Hancock launched Hertz Electrifies in Denver at Montbello Career and Technical High School and announced intentions to expand the availability of electric vehicles (EVs), charging infrastructure, and EV education and training opportunities in the Denver community. Denver is the first city in this new public private initiative with Hertz, which is expanding to other cities across the country.

Hertz Launches "Hertz Electrifies" in Denver

BP PLC (LSE:BP.) has announced its intention to invest some US$1bn to expand its network of electric vehicle charging points across the United States by 2030.

BP Plc to invest US$1bn in American EV chargers as part of Hertz tie-up

NEW YORK--(BUSINESS WIRE)---- $HTZ #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hertz Global Holdings Inc. ("Hertz" or "the Company") (NASDAQ: HTZ). Investors who purchased Hertz securities prior to February 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/htz.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Hertz Global Holdings Inc. (HTZ) Investigation

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Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments nearly doubled in 2022.

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Hertz Global Holdings Inc's rental fleet has less than half the number of Tesla cars it planned to order in 2022, its regulatory filing showed on Tuesday.

Hertz has fewer Teslas in its fleet than planned

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q4 2022 Results Conference Call February 7, 2023 8:30 AM ET Company Participants Johann Rawlinson - Head of IR Stephen Scherr - CEO Kenny Cheung - CFO Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Healy - Northcoast Research Adam Jonas - Morgan Stanley Ryan Brinkman - JPMorgan Christopher Stathoulopoulos - SIG Operator Welcome to Hertz Global Holdings Fourth Quarter 2022 Earnings Call. Currently, all lines are in a listen-only mode.

Hertz Global Holdings, Inc. (HTZ) Q4 2022 Earnings Call Transcript

Hertz Global Holdings (NASDAQ: HTZ) has had its share of hurdles since 2020, but it, like the travel industry, is in the midst of a rebound that is not expected to stop in 2023. Global tourism, in general, is expected to grow by 30% in 2023, which is great news for players from AirBNB (NASDAQ: ABNB) to Trip.com Group (NASDAQ: TRIP) and from airlines to hotels, not just Hertz Global Holdings.

Hertz Global Holding Could Be A Comfortable Ride In 2023

The rental car giant saw year-over-year gains in business from corporate travelers, international travelers and rideshare drivers.

Hertz fourth-quarter profit beats as costs come down and travel rebounds

Shares of Hertz Global Holdings Inc. HTZ, -2.64% ran up 4.6% in premarket trading Tuesday, after the car rental company reported fourth-quarter profit that dropped from last year, but topped expectations, aided by a post-pandemic demand recovery. The company swung to net income of $116 million from a loss of $710 million a year ago, but reported a per-share loss assuming dilution that narrowed to 1 cent from $1.52.

Hertz stock surges after profit falls but beats expectations, as a renewed demand for travel continues

"Our strong results in the fourth  quarter and record performance last year reflect a commitment to customers - from leisure and corporate travelers to ride share drivers. With a focus on asset return and risk management, we showed better operating performance, more disciplined fleet management and a commitment to financial returns," said Stephen Scherr, Hertz chair and chief executive officer.

HERTZ REPORTS STRONG FOURTH QUARTER AND RECORD FULL YEAR 2022 NET INCOME AND ADJUSTED CORPORATE EBITDA

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News for Hertz Stock (HTZ)