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.

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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.

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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.

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Florida on behalf of all persons and entities who purchased securities of Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024, inclusive (the “Class Period”).

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Hertz Global Holdings, Inc.

Robbins LLP is Investigating Allegations that Hertz Global Holdings, Inc. (HTZ) Misled Investors Regarding the Financial Impact of Vehicle Depreciation

Stockholder Alert: Robbins LLP Informs Investors that a Shareholder Has Filed a Class Action Against Hertz Global Holdings, Inc. (HTZ)

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Hertz Global Holdings, Inc (“Hertz” or “the Company”) (NASDAQ: HTZ) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hertz securities between April 27, 2023 and April 24, 2024, inclusive (the “Class Period”).

HTZ INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Hertz Global Holdings, Inc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Hertz Global Holdings, Inc. (NASDAQ: HTZ) between April 27, 2023 and April 24, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 30, 2024. SO WHAT: If you purchased Hertz securities during the Class.

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Hertz Global Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HTZ

ATLANTA, June 03, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and prospects, including allegations that: (i) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and manage vehicle depreciation; (ii) demand for Hertz's EVs was not as strong as Defendants had led investors to believe; (iii) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable; (iv) as a result of all the foregoing, Hertz was likely to incur significant losses on the disposition of both its ICE vehicles and EVs; and (v) all the foregoing was likely to, and did, have a significant negative impact on Hertz's financial results.

Class Action Lawsuit Filed on Behalf of Hertz Global Holdings, Inc. (HTZ) Investors – Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

Shares of Hertz Global Holdings Inc. slid further into record-low territory Monday after the car-rental company said its chief financial officer was leaving the company, less than a year after taking the job.

Hertz's stock sinks as CFO and COO to leave after less than a year in the roles

ESTERO, Fla. , June 3, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company"), a leading global rental car company, today announced the appointment of Scott M.

Hertz Announces Appointment of Scott M. Haralson as Chief Financial Officer

NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ:HTZ). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hertz Global Holdings, Inc. - HTZ

NEW YORK , May 31, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) and certain officers. The class action, filed in the United States District Court for the Middle District of Florida, and docketed under 24-cv-00513, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Hertz securities between April 27, 2023 and April 24, 2024, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

Pomerantz Law Firm Announces the Filing of a Class Action Against Hertz Global Holdings, Inc. and Certain Officers - HTZ

NEW YORK , May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hertz Global Holdings, Inc. - HTZ

Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported, citing people with knowledge of the matter.

Hertz exploring options to raise financing, Bloomberg News reports

PARIS--(BUSINESS WIRE)--Elixir Medical, a developer of transformative technologies to treat cardiovascular and peripheral disease, today announced that the PINNACLE I study evaluating the safety and performance of its LithiX™ Hertz Contact Intravascular Lithotripsy System (IVL) for treatment of moderate to severely calcified coronary artery lesions met its primary safety and effectiveness endpoint of clinical success. Clinical success was defined as optimal stent expansion after final treatment.

EuroPCR 2024: Primary Outcomes from PINNACLE I Clinical Trial Establish Safety and Effectiveness of Elixir Medical's Hertz Contact Intravascular Lithotripsy System for Calcium Fragmentation in Moderate to Severe Calcified Coronary Artery Lesions

Many former meme stocks rallied on Monday after a social media influencer resurfaced. Hertz famously exited bankruptcy in 2021 thanks to meme stock investors, but its recent trajectory hasn't been so great.

Why Hertz Stock Is Higher Today

Tesla

The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.

How interest in electric vehicles has stalled over the last 3 years, in one chart

Shares of Hertz Global Holdings Inc. continued their dive Friday toward yet another record low, after BofA Securities added to the rental-car company's woes by recommending investors sell.

Hertz's stock is having an awful week, and BofA adds to investors' misery

Hertz Global reported higher-than-expected quarterly losses on Thursday, which sent shares down by more than 24%. The company's total losses were $588 million.

Hertz says it lost another $195M from EV bet

Hertz Global Holdings (HTZ) shares cratered after the rental car giant said it will incur an additional $195 million cost from its unsuccessful effort to switch over to electric vehicles (EVs), leading to a huge first quarter loss.

Hertz Stock Plunges 19% as It Continues to Lose Money on Ill-Fated Tesla EV Plan

Hertz reported a much wider loss than expected in its first-quarter earnings report. The company increased the number of EVs it's selling.

Why Hertz Stock Plunged Today

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Alexandra Brooks - EVP and CFO Justin Keppy - EVP and COO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Babcock - Bank of America John Healy - Northcoast Research Lizzie Dove - Goldman Sachs Harold Antor - Jefferies Christopher Stathoulopoulos - Susquehanna Operator Welcome to the Hertz Global Holdings First Quarter 2024 Earnings Call. Currently, all lines are in a listen-only mode.

Hertz Global Holdings, Inc. (HTZ) Q1 2024 Earnings Call Transcript

Avis Budget Group

Avis Budget Group (NASDAQ: CAR) and Hertz (NYSE: HTZ) stock prices tumbled on Thursday as investors focused on the latter's financial results. Hertz crashed by over 17%, bringing the year-to-date losses to over 54%.

Here's why the Hertz and Avis Budget stocks are tumbling

Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business.

Hertz Global eyes worst day on record as EV rental business falters

The headline numbers for Hertz Global (HTZ) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Hertz Global (HTZ) Q1 Earnings: A Look at Key Metrics

The rental car company's big push into EVs has proved to be a big problem.

Hertz's Losses on Tesla EVs Bite Into Earnings

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.28 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to earnings of $0.39 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Reports Q1 Loss, Tops Revenue Estimates

Shares of Hertz Global Holdings Inc. HTZ, +6.23% slumped 4.3% in premarket trading Thursday, after the rental-car company reported a much wider-than-expected loss, and increased the number of electric vehicles it plans to unload by 50%. The company swung to a net loss of $186 million, or 61 cents a share, from net income of $196 million, or 61 cents a share, in the same period a year ago.

News for Hertz Stock (HTZ)