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.

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The mean of analysts' price targets for Hertz Global Holdings, Inc. (HTZ) points to a 43% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 43% Upside in Hertz Global Holdings, Inc. (HTZ): Can the Stock Really Move This High?

With its recent investment in an all-digital, all-electric car rental service, Hertz Global Holdings is continuing its efforts to position itself at the center of the “modern mobility ecosystem,” company executives said Wednesday (Feb. 23) during the company's quarterly earnings call. They also provided updates on other elements of the company's plan to invest in […]

Hertz Expands Investments in the ‘Modern Mobility Ecosystem'

Hertz Global Holdings Inc. ( HTZ , Financial) saw revenue rise sharply during the quarter ended Dec. 31, 2021, as travel picked back up and demand for rental cars gained ground against ride-sharing. Its post-bankruptcy restructuring costs, however, led to a net loss, reflecting the woes of a company that manages its capital poorly.

Hertz Is In the Driver's Seat

Hertz Global Holdings Inc (NASDAQ: HTZ) is trading higher Thursday after the company reported fourth-quarter financial results. The stock initially traded lower, but reversed following positive analyst coverage.

What's Going On With Hertz Shares Today?

Hertz Global Holdings, Inc. (HTZ) CEO Mark Fields on Q4 2021 Results - Earnings Call Transcript

Shares of Hertz Global Holdings Inc. HTZ, -4.29% fell about 1% in the extended session Wednesday after the rental-car company reported a quarterly loss. Hertz said it lost $260 million, or $1.52 a share, in the fourth quarter, compared with a loss of $289 million, or $1.85 a share, in the year-ago period.

Hertz stock falls after quarterly loss, but rental-car company says it saw 'recovery' in travel demand

Hertz Global Holdings Inc on Wednesday said it posted a new record adjusted profit in the fourth quarter as consumers continued to rent cars and travel, undeterred by higher prices.

Hertz increases profitability as travel rebound keeps momentum

ESTERO, Fla., Feb. 23, 2022 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its fourth quarter and full year 2021.

HERTZ GLOBAL HOLDINGS REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS

Hertz is much more well-capitalized after emerging from bankruptcy.

Hertz Global Holdings: Leaner, Meaner, Stronger

High costs might have dented Hertz Global's (HTZ) Q4 performance>

What's in the Offing for Hertz Global (HTZ) in Q4 Earnings?

Hertz Global Holdings, Inc. (HTZ) closed the most recent trading day at $19.45, moving -1.57% from the previous trading session.

Hertz Global Holdings, Inc. (HTZ) Stock Sinks As Market Gains: What You Should Know

Car rental firm Hertz Global Holdings Inc (NASDAQ: HTZ) is a leading investor in Europe's online, all-electric car rental startup Ufodrive. What Happened: Hertz and investment management company Certares are leading a $19 million Series A funding round in Ufodrive, the latter said in a statement on Tuesday.

Tesla Customer Hertz Backs EV Car Rental Startup Ufodrive In $19M Funding Round

Car rental giant Hertz accuses thousands of its own customers of theft each year, according to claims that surfaced as part of an ongoing legal battle in bankruptcy court.

Hertz accuses thousands of customers of theft each year, claims show

Hertz Global Holdings, Inc. (HTZ) closed at $20.80 in the latest trading session, marking no change from the prior day.

Hertz Global Holdings, Inc. (HTZ) Flat As Market Sinks: What You Should Know

Hertz Global Holdings Inc (NASDAQ: HTZ) has appointed Stephen M. Scherr as Chief Executive Officer.

Hertz Names Former Goldman Sachs CFO Stephen Scherr As CEO

Stephen Scherr, who was with Goldman Sachs for nearly 30 years, will succeed interim CEO Mark Fields.

Hertz Names Former Goldman Executive Stephen Scherr as CEO

Car rental firm Hertz Global Holdings Inc on Friday named former Goldman Sachs Group finance chief Stephen Scherr as its new chief executive officer.

Hertz names ex-Goldman Sachs CFO Scherr as top boss

ESTERO, Fla., Feb. 4, 2022 /PRNewswire/ -- Hertz announced today that it has named Stephen M.

Hertz Names Stephen M. Scherr as Chief Executive Officer

Hertz Global Holdings Inc. HTZ, -2.53% is poised to name retired Goldman Sachs Group Inc. GS, -1.15% executive Stephen Scherr as its chief executive officer, The Wall Street Journal reported Friday. Scherr, 57, retired as chief financial officer of the investment bank at the end of 2021.

Hertz to name ex-Goldman executive as CEO: WSJ

Hertz Global Holdings (NASDAQ: HTZ) has extended the free charging option for customers who book a Tesla Inc (NASDAQ: TSLA) Model 3 electric sedan by a month, the car rental company's website showed. What Happened: The Estero, Florida-based Hertz is extending the deal-sweetener for customers who book a Model 3 to March 1, from Feb. 1 earlier.

Hertz's Free-Charging Offer For Tesla Model 3 Customers Extended By A Month

Hertz Global Holdings (NASDAQ: HTZ) told Benzinga on Tuesday that it is actively receiving deliveries for Tesla Inc (NASDAQ: TSLA) electric vehicles across the country but does not yet have availability at LaGuardia. What Happened: The car rental company said it continues to receive the vehicles for both its retail and Uber Technologies Inc (NYSE: UBER) rental fleets and has availability in several markets.

Hertz Says No Availability At LaGuardia But Actively Receiving Tesla Deliveries After Analyst Raises Doubts

Hertz Global Holdings, Inc. (HTZ) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Bears are Losing Control Over Hertz Global Holdings, Inc. (HTZ), Here's Why It's a 'Buy' Now

Avis Budget Group

Barclays analyst Brian Johnson lowered Hertz Global Holdings Inc (NASDAQ:HTZ) price target to $26 from $28 and maintained an Overweight rating on the shares. The analyst also lowered Avis Budget Group Inc (NASDAQ:CAR) price target to $168 from $217 and maintained an Underweight rating on the shares.

News for Hertz Stock (HTZ)