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.

LOS ANGELES, CA / ACCESSWIRE / August 6, 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.

Hertz Global Holdings Inc Sued For Securities Law Violations - Contact The Schall Law Firm To Discuss Your Legal Rights

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Scott Haralson - CFO Sandeep Dube - CCO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank John Healy - Northcoast Research John Babcock - Bank of America Stephanie Moore - Jefferies Ian Zaffino - Oppenheimer Christopher Stathoulopoulos - SIG Operator Welcome to the Hertz Global Holdings Second Quarter 2024 Earnings Call. [Operator Instructions] I would like to remind you that this morning's call is being recorded by the company.

Hertz Global Holdings, Inc. (HTZ) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Hertz Global (HTZ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hertz Global (HTZ) Reports Q2 Earnings: What Key Metrics Have to Say

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.21. This compares to earnings of $0.72 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Reports Q2 Loss, Misses Revenue Estimates

Shares of Hertz Global Holdings Inc. HTZ took a 5.6% dive in premarket trading Thursday, after the rental car company reported a wider-than-expected loss, a revenue miss and vehicle depreciation that increased $706 million. The company swung to a net loss of $865 million, or $2.82 a share, from net income of $139 million, or 44 cents a share, in the year-ago period.

Hertz's stock drops after a wider-than-expected loss and a revenue miss

"We're moving quickly with a best-in-class leadership team, a strategy laser-focused on delivering sustainable returns and elevating our operational performance across the business," said Gil West, Hertz CEO. "During the second quarter, we bolstered our liquidity to expedite our cost and revenue improvement initiatives and accelerate our fleet refresh to provide vehicles aligned with customer needs.

HERTZ REPORTS SECOND QUARTER 2024 RESULTS

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Hertz Global Holdings, Inc. (NASDAQ: HTZ).

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 30, 2024 in Hertz Global Holdings, Inc. Lawsuit – HTZ

NEW YORK, NY / ACCESSWIRE / July 30, 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=93001&wire=1 or contact Joseph E. Levi, Esq.

Shareholders that lost money on Hertz Global Holdings, Inc. (HTZ) should contact Levi & Korsinsky about pending Class Action - HTZ

NEW YORK, NY / ACCESSWIRE / July 30, 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=92992&wire=1 or contact Joseph E. Levi, Esq.

Contact Levi & Korsinsky by July 30, 2024 Deadline to Join Class Action Against Hertz Global Holdings, Inc.(HTZ)

NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ:HTZ) and certain officers. The class action, filed in the United States District Court for the Middle District of Florida, and docketed under 24-cv-00513, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Hertz securities between April 27, 2023 and April 24, 2024, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hertz Global Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - HTZ

LOS ANGELES--(BUSINESS WIRE)--HTZ Investors Have Opportunity to Join Hertz Global Holdings, Inc. Securities Fraud Investigation with the Schall Law Firm.

HTZ Investors Have Opportunity to Join Hertz Global Holdings, Inc. Securities Fraud Investigation with the Schall Law Firm

NEW YORK, NY / ACCESSWIRE / July 30, 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=92964&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 30, 2024 in Hertz Global Holdings, Inc. Lawsuit - HTZ

LOS ANGELES, CA / ACCESSWIRE / July 30, 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.

HTZ Investors Have The Opportunity To Lead Hertz Global Holdings Inc Securities Fraud Lawsuit With The Schall Law Firm

RADNOR, Pa., July 30, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ).

FINAL DEADLINE REMINDER FOR HTZ INVESTORS: Kessler Topaz Meltzer & Check, LLP Announces Final Lead Plaintiff Deadline in Securities Class Action Lawsuit Filed Against Hertz Global Holdings, Inc. (HTZ)

NEW YORK , July 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Hertz investors who were adversely affected by alleged securities fraud between April 27, 2023 and April 24, 2024.

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 30, 2024 in Hertz Lawsuit - HTZ

NEW YORK, NY / ACCESSWIRE / July 29, 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=92877&wire=1 or contact Joseph E. Levi, Esq.

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

NEW YORK, NY / ACCESSWIRE / July 29, 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=92857&wire=1 or contact Joseph E. Levi, Esq.

Investors in Hertz Global Holdings, Inc. Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights – HTZ

NEW YORK, NY / ACCESSWIRE / July 29, 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=92791&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Hertz Global Holdings, Inc. (HTZ) Shareholders

NEW YORK, NY / ACCESSWIRE / July 29, 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=92784&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

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming July 30, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) securities between April 27, 2023 and April 24, 2024, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On January 11, 2024, Hertz disclosed that it would be sel.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hertz Global Holdings, Inc. (HTZ)

NEW YORK, NY / ACCESSWIRE / July 29, 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=92747&wire=1 or contact Joseph E. Levi, Esq.

Investors who Lost Money on Hertz Global Holdings, Inc.(HTZ) Should Contact Levi & Korsinsky About Pending Class Action - HTZ

NEW YORK, NY / ACCESSWIRE / July 28, 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=92651&wire=1 or contact Joseph E. Levi, Esq.

Investors in Hertz Global Holdings, Inc. Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights - HTZ

NEW YORK, NY / ACCESSWIRE / July 28, 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=92606&wire=1 or contact Joseph E. Levi, Esq.

Shareholders of Hertz Global Holdings, Inc. Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights - HTZ

RADNOR, PA / ACCESSWIRE / July 28, 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). 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.

Final Deadline Approaching for Hertz Global Holdings, Inc. Investors: Kessler Topaz Meltzer & Check, LLP Reminds Hertz Global Holdings, Inc. (HTZ) Investors of July 30, 2024 Lead Plaintiff Deadline

NEW YORK, NY / ACCESSWIRE / July 27, 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=92535&wire=1 or contact Joseph E. Levi, Esq.

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