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.

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.

Barclays Cuts Price Targets On These Two Car Rental Companies

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ESTERO, Fla., Jan. 13, 2022 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ)  (the "Company") announced today that it plans to report its fourth quarter 2021 financial results at approximately 4:00 p.m.

Hertz Global Holdings, Inc. to Announce Fourth Quarter 2021 Financial Results on February 23

Oppenheimer analyst Ian Zaffino initiated Hertz Global Holdings Inc (NASDAQ:HTZ) with an Outperform rating and a price target of $31, implying an upside of 27%. Zaffino says, with a "meaningfully improved cost structure, an under-levered balance sheet, and newfound competitive discipline," Hertz is an "interesting post-bankruptcy equity.

Oppenheimer Sees 27% Upside In Hertz Global

Hertz Global Holdings, Inc. (HTZ) closed at $24.31 in the latest trading session, marking a +1.29% move from the prior day.

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

The Hertz story has been a roller coaster over the last two years.

Hertz Shares Could Take Off This Year. Here's Why.

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Hertz Global Holdings (NASDAQ: HTZWW) told Benzinga on Tuesday it is planning a wider national rollout of Tesla Inc (NASDAQ: TSLA) electric vehicles in more markets next year as part of its fleet, as it receives the initial deliveries as part of a large order the car rental company had placed earlier this year. What Happened: Hertz has been offering Tesla's most affordable vehicle, the mid-size electric sedan Model 3 for rent on its booking platform but most of the options appear sold out.

Hertz Suggests 'First Wave Of National Rollout' Of Tesla EVs On Track, Prepares To Expand To 'New Markets'

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ESTERO, Fla., Dec. 22, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company") today announced the final results of its tender offer (the "Offer") to purchase all of its outstanding Series A Preferred Stock, par value $0.01 per share (the "Series A Preferred Shares"), at a price per Series A Preferred Share of $1,250.00, less any applicable withholding taxes, and the related consent solicitation (the "Consent Solicitation") to amend the certificate of designation of the Series A Preferred Shares (the "Proposed Amendment").

Hertz Announces Final Results of Its Cash Tender Offer to Purchase Its Outstanding Series A Preferred Stock and Related Consent Solicitation

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

How Hertz Global (HTZ) Stock Stands Out in a Strong Industry

The consensus price target hints at a 42.1% 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.

Can Hertz Global Holdings, Inc. (HTZ) Climb 42% to Reach the Level Wall Street Analysts Expect?

The shares of Hertz Global Holdings, Inc. (NASDAQ: HTZ) have received a $34 price target from Deutsche Bank. These are the details.

Hertz Stock (HTZ): $34 Price Target From Deutsche Bank

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Hertz is celebrating an epic comeback. Not everyone's pleased

Shares of Hertz Global Holdings Inc. surged Monday after JPMorgan recommended investors buy, citing strong industry tailwinds and a number of company-specific drivers that make the car rental company more attractive than its close peer, Avis Budget Budget Group Inc.

The Ratings Game: Hertz stock jumps after analysts recommend investors buy, while at the same time saying rival Avis Budget is a sell

Several analyst firms initiated coverage on  Hertz Global Holdings Inc (NASDAQ:HTZ), and Deutsche Bank reinstated it. Deutsche Bank analyst Chris Woronka reinstated coverage of Hertz Global with a Buy rating and a price target of $34, implying 32% potential upside.

Multiple Analyst Firms Initiate Coverage On Hertz Global

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Hertz Global (HTZ) aims to reward its shareholders through a bulk buyback plan of up to $2 billion of its common shares.

Hertz Global (HTZ) Stock Gains on Share Repurchase Program

The stock price of Hertz Global Holdings Inc (NASDAQ: HTZ) increased by 5.99% in the most recent trading session. This is why it happened.

Hertz Global (HTZ) Stock: Why The Price Increased

The shares of Hertz Global Holdings Inc  (NASDAQ:HTZ) are popping today, last seen up 5.9% at $25.27, after the company announced a share buyback program.

Hertz Global Announces Buyback Plan, Call Traders Respond

Hertz Global Holdings Inc (NASDAQ: HTZ) is trading higher Monday after the company announced a $2 billion share repurchase program. The repurchase program allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.

Why Hertz Shares Are Moving Higher Today

Hertz Global Holdings Inc (NASDAQ: HTZ) Board authorized a share repurchase program of up to $2 billion of common stock. The repurchase program is effective immediately and will initially comprise the remaining $200 million authorized for repurchase at the time of the company's offering and listing on NASDAQ.

News for Hertz Stock (HTZ)