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, -2.44% fell late Monday after the car rental company posted a wider-than-expected first-quarter loss, saying that results were "significantly impacted by COVID-19 pandemic.

Hertz posts wider Q1 loss after 'major' coronavirus business disruption

This Is Just The Beginning Of Troubles For Hertz

Hertz (HTZ) may have to face bankruptcy if it can't turn its business around, but it's not happening just yet as lenders give it more time.
The post Hertz Bankruptcy?

Hertz Bankruptcy? Not Yet. HTZ Stock Tumbles 14% Amid Struggles

Hertz reached an agreement with lenders that buys it time to form a strategy, but time is ticking.

Did a Last-Second Deal With Lenders Buy Hertz Enough Time?

Carl Icahn’s rental car company Hertz Global Holdings has roughly three weeks to prove it can stave off bankruptcy, the company said on Tuesday. In a regulatory filing, the car rental behemoth said lenders have given it until May 22 to develop a viable financial structure that “better reflects the economic impact of the coronavirus.

Hertz has 3 weeks to fight off bankruptcy

A late agreement between Hertz and its lenders will buy the company time, but will it be enough?

Hertz Shares Plunge 14% Tuesday, Despite Lenders Throwing a Lifeline

Hertz has received a temporary lifeline from a group of its lenders, as it tries to find a way to survive near-zero travel during the Covid-19 pandemic.

Hertz gets an emergency lifeline from its lenders

Hertz Global Holdings Inc. (NYSE: HTZ) dropped nearly 24% in after-hours trading on Monday as multiple reports suggested the company is nearing a bankruptcy filing.

Hertz Plummets Amid Reports Company Could File For Bankruptcy This Week

Shares of Hertz Global Holdings Inc. HTZ, +2.27% fell nearly 20% in the extended session Monday after a report by The Wall Street Journal said the car rental company has hired an additional adviser to help with a forthcoming bankruptcy filing.

Hertz stock falls nearly 20% after WSJ reports another bankruptcy adviser hired

Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positioned to ride out the coronavirus storm. The 102-year-old Hertz told shareholders last week that it had missed a debt payment tied to its 500,000 fleet amid a.

Car rental company Hertz struggles during pandemic while Avis stays afloat

Avis Budget Group

Carvana

Ford Motor Company

General Motors

JPMorgan Chase & Co

Lyft

Uber

Wells Fargo

A negative economic impact from COVID-19 and other developments are sending Hertz, Avis, and Carvana down Friday.

Why These Auto Stocks Are Sinking by Double Digits Friday

The car-rental industry has taken a big hit during the global pandemic.

Hertz seeking to avoid bankruptcy after missing lease payment, report says

Hertz Global Holdings Inc  said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.

Hertz in talks with creditors to avoid debt default, faces May 4 deadline

The company's business has been hit hard by the pandemic.

Hertz Misses Lease Payments, In Talk to Avoid Bankruptcy

Carl Icahn’s car-rental company, Hertz, is gearing up for a possible bankruptcy as the coronavirus pandemic slams the brakes on its business. The car rental company failed to make an important monthly lease payment tied to its 500,000 vehicles this month, it revealed Wednesday morning.

Carl Icahn’s Hertz could face bankruptcy amid coronavirus woes: sources

Shares of Hertz Global Holdings Inc. HTZ, -15.44% plummeted 13% on heavy volume in morning trading Wednesday, after the auto rental company disclosed that it "did not make certain payments" required under operating lease and service agreement.

Hertz's stock plummets on heavy volume after disclosing missed lease payment

Hertz may file for bankruptcy after missing lease payment, report says

Signs that the worst could be over in states hard hit by COVID-19 mean good news for companies such as Hertz.

What Sent Hertz Shares 13% Higher Monday

CarMax

How in the world could lower used car prices be such a huge hindrance to automakers that primarily sell new vehicles?

The Auto Industry's Ticking Time Bomb: How Plunging Used Car Prices Could Devastate Automakers

Hertz Global Holdings Inc. HTZ, -3.03% has hired lawyers and investment bankers as advisers as it tries to renegotiate its $17 billion of debt, according to a report Friday on The Wall Street Journal that cited people familiar with the matter.

Hertz hires advisers to roll debt: report

The car rental company's stock has fallen 80% since February.

Why Hertz Stock Is Tumbling Today

Ally Financial

KAR Auction Services

There is a tremendous amount of risk associated with the used-vehicle market, given weak demand for vehicles and economic uncertainty.

Is Used Car Market Headed for Bloodbath Amid Coronavirus Woes?

Hertz Global Holdings Inc  is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday.

Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say

Hertz shares moves sharply lower after Morgan Stanley cut its price target from $5 to $2 per share, citing under-appreciated risks.

Hertz Stock Breaks Down After Analyst Cuts Price Target

The pandemic is forcing layoffs and millions in charges.

News for Hertz Stock (HTZ)