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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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.

Current General Counsel M. David Galainena announces retirement ESTERO, Fla.

Hertz Announces Colleen Batcheler as New General Counsel

FRAMINGHAM, Mass. and DUBLIN--(BUSINESS WIRE)-- #employeerecognition--Noreena Hertz, Renowned Thought Leader & Global Economist, Joins Workhuman's Board of Directors

Workhuman Welcomes Noreena Hertz, Renowned Thought Leader, Global Economist, and International Best-Selling Author, to Board of Directors

ESTERO, Fla. , April 7, 2022 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ)  (the "Company") announced today that it plans to report its first quarter 2022 financial results at approximately 4:00 p.m.

Hertz Global Holdings, Inc. to Announce First Quarter 2022 Financial Results on April 27

“This is among the first things that I have started to look to take care of and deal with in the first 30 days I've been at the company,” said Stephen Scherr.

Hertz CEO Vows To Fix Glitch That Falsely Accused Customers Of Stealing Cars

Hertz claimed that these incidents are "rare and happen only after exhaustive attempts to reach the customer.".

Hertz CEO plans to tackle false arrests issue, expects settlement with victims

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You'll be able to rent the impressive Polestar 2 as soon as this spring through Hertz.

Polestar's 65,000-car deal with Hertz could show people Tesla isn't the only electric car worth buying

Hertz will initially order the Swedish electric vehicle maker's Polestar 2 sedan, which starts at a manufacturer's suggested retail price of $38,400 after a federal tax credit.

Hertz to buy up to 65,000 Polestar electric vehicles over next 5 years

Hertz has agreed buy up to 65,000 Polestar electric vehicles over five years, a deal that will help the rental giant electrify its fleet and give the EV automaker access to a wider market, including corporate customers and ride-hailing drivers. Hertz, which went through a reorganization after filing for bankruptcy protection in May 2020, is […]

Thousands of rentable Polestar EVs to land on Hertz lots

Shares of Hertz Global Holdings Inc (NASDAQ: HTZ) are up 10% on Monday after the car rental company announced a big deal with the Swedish EV maker, Polestar. Hertz to buy 65,000 Polestar vehicles Hertz said it will buy 65,000 electric vehicles from Polestar over the next five years.

Hertz just announced a big deal with a Swedish EV startup

Hertz (HTZ) stock is charging higher on Monday after announcing plans to purchase electric vehicles (EVs) for its fleet from Polestar. The post Why Is Hertz (HTZ) Stock in the Spotlight Today appeared first on InvestorPlace.

Why Is Hertz (HTZ) Stock in the Spotlight Today

Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday.

Hertz to buy up to 65,000 electric cars from Polestar

The shares of Hertz Global Holdings Inc (NASDAQ:HTZ) are up 3.2% at $21.79 at last check, on new of a new electric vehicle (EV) partnership.

Hertz Stock Abuzz After Massive EV Purchase

Hertz will begin making Polestar's EVs available in its Europe rental fleet soon, and in the United States by the end of 2022.

EV startup Polestar signs deal to supply up to 65,000 vehicles to Hertz

Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar.

Hertz to add up to 65,000 Polestar electric vehicles to its catalog

Car rental company Hertz Global Holdings Inc. HTZ, -4.65% and Swedish electric vehicle company Polestar announced a global partnership on Monday that includes the purchase of up to 65,000 EVs over five years. The first are expected to be available in Spring of 2022 in Europe and late 2022 in North America and Australia, the companies said in a joint statement.

Hertz to purchase up to 65,000 EVs from Sweden's Polestar over 5 years as it works to speed up electrification

Hertz to purchase up to 65,000 electric vehicles over five years ESTERO, Fla. and GOTHENBURG, Sweden , April 4, 2022 /PRNewswire/ -- Hertz (NASDAQ: HTZ) and Polestar, the Swedish premium electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years.

Hertz and Polestar Announce Global Strategic Partnership to Accelerate Electric Vehicle Adoption

SAN DIEGO--(BUSINESS WIRE)---- $HTZ #attorney--HTZ STOCK NEWS: Robbins LLP Investigates Hertz Global Holdings, Inc. (HTZ) on Behalf of Shareholders

HTZ STOCK NEWS: Robbins LLP Investigates Hertz Global Holdings, Inc. (HTZ) on Behalf of Shareholders

ESTERO, Fla. , March 25, 2022 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the "Company") announced today that Hertz Vehicle Financing III LLC ("HVF III"), a wholly-owned, special-purpose and bankruptcy remote subsidiary of The Hertz Corporation ("THC") has priced 3 new series of rental car asset backed notes to be sold to unaffiliated parties comprised of (i) $333,333,000 in aggregate principal amount of Series 2022-3 Rental Car Asset Backed Notes, Class A, Class B, Class C, (ii) $580,000,000 in aggregate principal amount of Series 2022-4 Rental Car Asset Backed Notes, Class A, Class B, Class C and (iii) $317,067,000 in aggregate principal amount of Series 2022-5 Rental Car Asset Backed Notes, Class A, Class B, Class C, in each case to be sold to unaffiliated third parties, in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Global Holdings Announces Pricing of Private Offerings in the Aggregate Amount of $1.41 Billion Medium Term Rental Car Asset Backed Notes

Hertz is adding the Tesla Model Y to its rental fleet alongside the Model 3. The vehicles are part of a planned 100,000 vehicle purchase from the automaker.

Hertz adding Tesla Model Y to rental fleet

Tesla

Hertz Global Holdings Inc has added Tesla Inc's electric mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm's website.

Hertz adds Tesla's Model Y to its EV fleet

ESTERO, Fla. , March 22, 2022 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the "Company") announced today that Hertz Vehicle Financing III LLC ("HVF III"), a wholly-owned, special-purpose and bankruptcy remote subsidiary of The Hertz Corporation ("THC") intends to issue 3 new series of rental car asset backed notes to unaffiliated parties comprised of (i) $333,333,000 in aggregate principal amount of Series 2022-3 Rental Car Asset Backed Notes, Class A, Class B, Class C, (ii) $333,333,000 in aggregate principal amount of Series 2022-4 Rental Car Asset Backed Notes, Class A, Class B, Class C and (iii) $333,334,000 in aggregate principal amount of Series 2022-5 Rental Car Asset Backed Notes, Class A, Class B, Class C, in each case, subject to market and other conditions, in a private offering (collectively, the "Offerings") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Global Holdings Announces Proposed Private Offerings in the Aggregate Amount of $1.15 Billion Medium Term Rental Car Asset Backed Notes

Hertz (HTZ) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Hertz (HTZ) Stock a Solid Choice Right Now?

Avis Budget Group

Two U.S. House Democratic lawmakers on Friday asked Hertz Global Holdings, and Avis Budget Group to answer questions about rising rental car prices and higher industry profits.

Two lawmakers want Hertz, Avis to answer questions on rising U.S. rental prices

The consensus price target hints at a 35% upside potential for Hertz Global Holdings, Inc. (HTZ). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

News for Hertz Stock (HTZ)