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 Q3 2024

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.

Hertz’s stock (NYSE: HTZ) has fallen to a dollar since the company filed for bankruptcy on 22nd May 2020. The company has about $19 billion in debt and nearly 700,000 vehicles that have been largely idled because of the coronavirus.

Could We Have Seen Hertz’s Bankruptcy Coming?

Understanding Hertz's current scenario is important to avoid a huge investing mistake.

Should You Buy Hertz Stock Now?

Even the best investors can make a bad move. Here's how much Carl Icahn lost on Hertz.

Hertz Burns Carl Icahn in Bankruptcy

New vehicle sales to rental car companies accounted for about 10%, or 1.7 million vehicles, last year. That demand came to a grinding halt due to the coronavirus crisis, with some expecting 250,000 or less sales to such agencies in 2020.

Hertz bankruptcy and a distressed rental car market means more pain for U.S. automakers

Temporary store closures. Near-zero travel demand. People shopping online even more as they're stuck home. It was the perfect storm for bankruptcy for some of the country's most recognizable consumer brands -- and several have filed recently.

6 companies that filed for bankruptcy in May

The exit of heavyweight investor Carl Icahn is a further blow  to the already beleaguered Hertz Global (HTZ) stock.

The Story of How Hertz Global (HTZ) Fell

Carl Icahn (Trades, Portfolio), founder of Icahn Capital Management and board chairman of Icahn Enterprises LP (NASDAQ:IEP), disclosed this week that he sold out of Hertz Global Holdings Inc.

Carl Icahn Takes Over $1.6 Billion Loss on Embattled Hertz

Carl Icahn believed in Hertz right up until the end. And it cost him $2 billion.

The activist investor believed in the company right until the end. And it cost him $2 billion

Carl Icahn exited Hertz like a stuntman abandoning a burning car -- and he suffered some nasty cuts and bruises on his way out.

Carl Icahn takes $1.8 billion loss as he dumps stake in bankrupt Hertz

Carl Icahn took advantage of Hertz stock's rally yesterday -- and sold it all.

Why Hertz Stock Just Dropped 12%

The last few weeks have seen some high-profile bankruptcies, with rental car major Hertz, retailers JCPenny and Neiman Marcus, and Latin America’s largest airline LATAM filing for Chapter 11 protection as sales collapsed on account of the Coronavirus pandemic and the associated lockdowns.

The So-What Of Bankruptcy: JCPenney, Hertz, & More

Hertz and JCPenney are two of the most high profile publicly traded companies to file for bankruptcy since the Covid-19 pandemic hit the United States.

Beware of bankrupt stocks

Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc  at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.

Carl Icahn exits Hertz with 'significant' loss

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A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.

Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped

The auto rental company drives into bankruptcy.

Why Hertz Global Holdings Shares Crashed Today

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Here's what investors need to know about the Hertz bankruptcy.

Should You Sell Hertz Stock?

Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy -- and a month after it started laying off thousands of employees.

Hertz paid top executives $16 million in bonuses ahead of its bankruptcy filing

Carl Icahn's stake in Hertz was worth more than $700 million in December, before the cornavirus pandemic slammed the travel industry and forced the company to file for bankruptcy.

Carl Icahn's bet on Hertz goes bust as rental car company files for bankruptcy

Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above

Hertz handed out $16 million in retention bonuses after bankruptcy filing

U.S. car rental company Hertz Global Holdings  said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after the company filed for bankruptcy protection.

Hertz awards over $16 million in retention bonus to key executives

Bankrupt Hertz Shareholders Are Expected To Get No Recovery, Including Carl Icahn

Hertz Global (HTZ) files for bankruptcy protection after its creditors refuse to allow further extension for clearing dues beyond May 22.

Hertz Global Files for Bankruptcy Due to Coronavirus Crisis

The New York Stock Exchange initiated proceedings to delist Hertz Global Holdings Inc (NYSE: HTZ) on Tuesday following the car rental chain's bankruptcy filing, according to Reuters.

NYSE To Delist Bankrupt Hertz: Report

The Fed does not have any losses from their exposure to Hertz bonds.

News for Hertz Stock (HTZ)