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.

Shares of Hertz Global Holdings Inc. HTZ, +13.10% shot up 20% in active trading Wednesday, putting them on track to snap a 4-day losing streak in which they plunged 38%, after Jefferies analyst Hamzah Mazari said his checks suggest that CarMax Inc.

Hertz's stock soars after Jefferies says CarMax, AutoNation may 'swoop in'

Investors are coming to grips with what's next for Hertz.

Why Hertz Stock Tanked 23% Monday

Ford Motor Company

General Motors

It sounds crazy, but here's how Hertz's bankruptcy could cripple Ford and General Motors.

Hertz Implosion Could Cripple Ford and General Motors

When COVID-19 brought travel to a halt, Hertz lost its revenue stream, forcing the company into bankruptcy. Now the auto rental giant is looking to sell off much of its 700,000 vehicle fleet and is issuing $500 million worth of new stock.

Hertz ATM Shut Down

Investors holding stock in Hertz face some tough decisions in the likely event this company is delisted from the NYSE.

What Happens to Investors if Hertz Is Delisted?

Hertz won't be selling $500 million in stock after all — but the bankrupt company's attempt to do so says a lot about the state of markets.

Hertz won't be selling $500 million in stock after all. But its attempt says a lot about markets

Hertz Global Holdings Inc. (NYSE: HTZ) on Thursday in a filing with the United States Securities and Exchange Commission said it had abandoned a plan to raise $500 million in a stock offering.

Hertz Abandons Controversial $500M Stock Sale, Seeks Bankruptcy Loan

Bankrupt Hertz won't be selling $500 million in stock after all.

Hertz pulls plug on questionable stock sale

The rental car company had previously won a bankruptcy judge's approval to issue potentially worthless common stock to raise funds.

Bankrupt Hertz Reverses Position on Controversial Share Sale

There has been no shortage of buzz in the markets about Hertz Global Holdings Inc.

Hertz Halts Controversial Stock Offering After SEC Reprimand

Hertz Global Holdings is in talks for a bankruptcy loan of up to $1 billion to fund its business reorganization after suspending its plan to sell new shares, The Wall Street Journal reported on Thursday, citing people familiar with the matter. The car rental firm halted its plan to sell up to $500 million in.

Hertz seeking bankruptcy loan of up to $1B after stock sale nixed

Trading in shares of Hertz were halted Thursday on the bankrupt car rental firm's plans to terminate a controversial stock sale.

Bankrupt Hertz terminates controversial stock sale

Bankrupt Hertz Global Holdings Inc. HTZ, -10.00% said in a filing Thursday that its board's finance committee determined it was "in the best interests" of the company to end the plan to sell newly issued stock.

Hertz abandons plan to sell new shares

Bankrupt Hertz Global Holdings Inc. HTZ, -6.75% said in a filing Thursday its board's finance committee determined that it was "in the best interests" of the company to end the plan to sell stocks.

Hertz ends plan to sell stocks

Bankrupt Hertz Global Holdings Inc. HTZ, -4.50% is looking for a bankruptcy loan to fund its restructuring after the car-rental company suspended a controversial stock sale, The Wall Street Journal reported Thursday, citing people familiar with the matter.

Hertz seeking bankruptcy loan after stock sale fizzled: WSJ

Options on Bankrupt Hertz Provide Unique Risks and Opportunities

It's about time something makes sense with Hertz stock.

Hertz Stock: Finally Some Logic in This Insanity

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Hertz Donut

Hertz Global Holdings Inc. (NYSE: HTZ) has put on hold its $500 million share offering as it awaits a review by the Securities and Exchange Commission.

Hertz Puts On Hold Sale Of $500M Worth Of 'Worthless' Stock, Awaits SEC Review

Hertz, which filed for bankruptcy last month, halted its $500 million stock offering Wednesday after the U.S. Securities and Exchange Commission told the rental company it would review its controversial plan to sell shares that could soon be wiped out completely.

All bets are off as Hertz pulls plan to issue $500 million in new stock

Without the ability to buy new cars, the equity in Hertz became useless on May 5th.

Hertz’s Equity Is Worthless

Hertz Global Holdings Inc. HTZ, +4.61% is suspending its controversial share offering, according to a filing Wednesday.

Hertz pulls share offering, says SEC planned to review it

Hertz has suspended its plan to sell up to $500 million in shares pending review by the Securities and Exchange Commission.

News for Hertz Stock (HTZ)