Welcome to our dedicated page for Hertz Global Hld news (Ticker: HTZ), a resource for investors and traders seeking the latest updates and insights on Hertz Global Hld stock.
Hertz Global Holdings Inc. (HTZ) operates one of the world's most recognized vehicle rental networks through its Hertz, Dollar, Thrifty, and Firefly brands. This news hub provides investors and industry observers with direct access to the company's official communications and market-moving developments.
Monitor strategic initiatives across HTZ's core operations including fleet electrification efforts, technology partnerships, and global market expansions. The repository consolidates earnings announcements, leadership updates, and operational milestones that shape the company's position in the mobility sector.
Key updates cover fleet management strategies, corporate responsibility programs, and innovations in customer experience across 140+ countries. Users gain insights into how HTZ navigates evolving transportation trends while maintaining its industry leadership.
Bookmark this page for streamlined access to Hertz Global Holdings' verified financial disclosures and operational updates. Check regularly for new developments impacting the vehicle rental landscape and related investment considerations.
Hertz Global Holdings (NASDAQ: HTZ) has scheduled the release of its first quarter 2025 financial results for Monday, May 12, 2025, after market close. The company will hold a webcast and conference call to discuss the results on Tuesday, May 13, 2025, at 9:00 a.m. ET.
Investors can access the live webcast through the company's Investor Relations page at ir.hertz.com. For phone participation, advance registration is required. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A replay of the webcast will be available on the website for approximately one year.
Dollar Car Rental launches a new advertising campaign featuring SNL star Mikey Day as 'The Common Sensei,' a wise teacher character demonstrating the company's common-sense approach to travel and car rentals. The campaign, launching April 7, 2025, showcases Day in multiple personas addressing travel complications through humor and practical advice.
The series will be distributed across streaming video and audio, social media, and owned channels. Day portrays the sensei and five additional eccentric characters, emphasizing Dollar's commitment to simplifying the rental experience through direct booking benefits on Dollar.com, including lowest rates, online check-in, and fast pickup options.
The campaign will include a sweepstakes offering a grand prize of a New York City trip to meet Mikey Day, $25,000, and tickets to a late-night comedy show. The initiative was developed by FKQ Advertising and Shadow Lion.
Hertz (NASDAQ: HTZ) has implemented Getac's rugged technology solutions to enhance its customer service operations. The deployment includes Getac's UX10 rugged tablet and software across U.S. locations, specifically designed to improve airport pickup and drop-off experiences.
The customized solution features include:
- Camera integration for damage documentation
- Barcode reader for customer reservations and VIN recording
- Rugged certification for extreme conditions
- Three-year bumper-to-bumper warranty
- Device Monitoring System for health tracking
- Virtual GPS for device location management
The implementation enables digital Vehicle Information Reporting Systems (VIRS) tracking, seamless vehicle maintenance monitoring, and reduced manual processes. The solution helps streamline workflows, decrease customer wait times, and improve operational efficiency at Hertz rental locations.
Hertz has announced a new marketing campaign featuring Tom Brady as a used car salesman, highlighting the company's position as one of the largest used car dealers. The campaign includes a sweepstakes offering a chance to win a 2023 Cadillac XT5 autographed by Brady, valued at over $31,000 plus $5,000 cash.
Hertz Car Sales operates through more than 40 retail locations nationwide, offering Hertz Certified vehicles that undergo a 115-point certification process. Each vehicle comes with a 12-month/12,000-mile powertrain warranty and buy with confidence guarantee. The company provides online shopping options with clear pricing and doorstep delivery.
The sweepstakes runs from March 4, 2025 to April 14, 2025, open to licensed U.S. residents aged 20 and older in the 48 contiguous states and D.C.
Hertz Global Holdings (NASDAQ: HTZ) reported Q4 2024 financial results, with revenue of $2.0 billion and a GAAP net loss of $479 million ($1.56 loss per share). Full-year 2024 showed revenue of $9.0 billion with a net loss of $2.9 billion ($9.34 loss per share).
The company completed its previously announced 30,000 EV fleet reduction and maintained strong corporate liquidity of $1.8 billion as of December 31, 2024. Vehicle depreciation improved 19% year-over-year in Q4, while direct vehicle and operating expenses rose by 2%. The company's Adjusted Corporate EBITDA loss narrowed to negative $357 million in Q4.
Hertz is executing an operational transformation strategy focused on fleet optimization and cost efficiency, expected to be substantially completed by the end of 2025. The company aims to normalize Depreciation Per Unit (DPU) to settle below $300 through its fleet rotation initiative.
Hertz Global Holdings (NASDAQ: HTZ) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 13, 2025, at 8:00 a.m. ET. The company will host an earnings conference call at 9:00 a.m. ET on the same day.
Investors can access the live webcast through the company's Investor Relations website. For those joining by phone, registration is required through a dedicated link, and participants are encouraged to dial in fifteen minutes before the scheduled start time. A replay of the webcast will be available on the website for approximately one year.
Hertz Global Holdings (NASDAQ: HTZ) has announced two key executive appointments effective January 1. Chris Berg joins as Executive Vice President and Chief Administrative Officer, overseeing administrative operations including procurement, business services, and facilities management. Doria Holbrook joins as Executive Vice President Mobility, leading rideshare rental programs and partnerships.
Berg brings over 20 years of experience from Home Depot, where he most recently served as President, Western Division. Holbrook comes with nearly two decades of experience, previously serving at Flexport, Cruise, TikTok, and Amazon, where she helped establish Amazon's last mile delivery service.
Both executives will report to CEO Gil West, who emphasized their roles in strengthening operational excellence and driving innovation across the business.
Hertz (NASDAQ: HTZ) announced receiving required consents to amend provisions of its 12.625% First Lien Senior Secured Notes due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029. The consent solicitations expired on December 12, 2024, at 5:00 p.m. New York City time.
The solicitations were conducted alongside the completion of a $500 million additional offering of 12.625% First Lien Senior Secured Notes. Purchasers of these additional notes were deemed to have consented to the proposed amendments. The company has entered into supplemental indentures for both note series and expects to promptly pay the applicable consent fees to holders who validly delivered consents.
Hertz (NASDAQ: HTZ) has priced an additional $500 million of 12.625% First Lien Senior Secured Notes due 2029. This issuance will bring the total outstanding amount to $1.25 billion. The Notes will be issued at 107.732% plus pre-issuance accrued interest, with interest payable semi-annually at 12.625% per annum.
The proceeds will be used to repay outstanding borrowings under its revolving credit facility, pay consent fees for concurrent consent solicitations, and for general corporate purposes. The offering is expected to close around December 12, 2024. The Notes will be guaranteed by Hertz Global Holdings and secured by the same assets that secure indebtedness under Hertz's first lien credit facilities.
Hertz (NASDAQ: HTZ) announced that its subsidiary, The Hertz , is seeking consent from holders of its 12.625% First Lien Senior Secured Notes due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 to amend certain provisions of the governing indentures.
The consent solicitations will expire on December 12, 2024, at 5:00 p.m., New York City time. The process is concurrent with a proposed offering of an additional $500 million in First Lien Notes. The company needs to obtain consent from at least 60% of holders for each note series.
Consent fees of $11.25 per $1,000 for First Lien Notes and $17.50 per $1,000 for Exchangeable Notes will be paid to holders who validly deliver consents. The company has already received non-binding indications from certain holders exceeding the required 60% threshold.
