STOCK TITAN

Hertz Global Holdings, Inc - HTZ STOCK NEWS

Welcome to our dedicated page for Hertz Global Holdings news (Ticker: HTZ), a resource for investors and traders seeking the latest updates and insights on Hertz Global Holdings stock.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) is a global leader in vehicle rental and leasing services. Operating under the well-known brands Hertz, Dollar, Thrifty, and Firefly, the company offers diverse rental solutions spanning across more than 11,000 corporate and franchise locations in 140 countries, including North America, Europe, Latin America, Asia, Australia, Africa, the Middle East, and New Zealand.

Hertz is recognized as the largest worldwide airport general use car rental company with over 1,700 airport locations in the U.S. and more than 1,300 international airport locations. The company’s signature programs, such as Hertz Gold Plus Rewards, NeverLost® navigation, Carfirmations text alerts, and Mobile Wi-Fi, provide enhanced customer experiences. Unique vehicle offerings through the Adrenaline, Dream, Family, Fun, Green, and Prestige Collections further distinguish Hertz from competitors.

Beyond traditional car rentals, Hertz owns Donlen Corporation, a leading vehicle leasing and fleet management company. Additionally, it operates the Hertz 24/7 hourly car rental service and sells pre-owned vehicles via the Rent2Buy program. Hertz also manages one of the largest equipment rental businesses, Hertz Equipment Rental Corporation (HERC), which boasts over 355 locations.

Financially, Hertz Global Holdings has demonstrated resilience and adaptability. Recent updates include the hiring of Justin Keppy as Executive Vice President and Chief Operating Officer to drive operational efficiencies and growth. Under the leadership of CEO Stephen Scherr, Hertz continues to focus on cost management, fleet optimization, and enhancing customer service. In the latest quarter, Hertz reported record revenues, reflecting strong demand in leisure and rideshare segments. However, the company is addressing challenges related to fleet costs and operational expenses to maintain profitability.

Looking forward, Hertz is committed to shaping the future of mobility with ongoing investments in technology and infrastructure. The company’s strategic initiatives aim to deliver premium service while capitalizing on growth opportunities in the booming travel and automotive sectors.

Rhea-AI Summary
Hertz COO Paul Stone to step down, company searching for replacement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
none
-
Rhea-AI Summary
Hertz Global Holdings, Inc. (NASDAQ: HTZ) reported strong second quarter results, with total revenues of $2.4 billion and a GAAP net income of $139 million. Adjusted net income was $227 million, and adjusted Corporate EBITDA was $347 million, reflecting a 14% margin. The company's liquidity position was $1.4 billion at June 30, 2023, including $682 million in unrestricted cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.65%
Tags
-
Rhea-AI Summary
Hertz Global Holdings, Inc. (NASDAQ: HTZ) appoints Kelly Galloway as Chief Accounting Officer, and Alexandra Brooks as Executive Vice President and Chief Financial Officer. The PR highlights the promotions of key executives and their qualifications, including their background and experience in the finance industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.65%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
none
-
Rhea-AI Summary
Hertz Global Holdings, Inc. plans to report its second quarter 2023 financial results on July 27, 2023, followed by an earnings call. A live webcast of the call will be available on the Investor Relations page of the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
-
Rhea-AI Summary

Hertz Global reported strong first-quarter 2023 results, with total revenues reaching $2.0 billion, a 13% increase year-over-year. The company achieved a GAAP net income of $196 million ($0.61 per diluted share) and an adjusted net income of $126 million ($0.39 per adjusted diluted share). Operating cash flow was strong at $562 million, although adjusted free cash outflow was $83 million due to fleet expansion investments. The company's liquidity stood at $2.2 billion, with $728 million in unrestricted cash. Hertz repurchased 5.7 million shares for $100 million during the quarter. Despite positive revenue growth, adjusted EBITDA saw a decline of 61% to $237 million due to increased fleet depreciation and other factors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.14%
Tags
none
Rhea-AI Summary

Hertz and Atlanta Mayor Andre Dickens have launched a public-private partnership called Hertz Electrifies Atlanta, aimed at expanding electric vehicle (EV) rentals and infrastructure in the city. The initiative includes adding up to 4,000 EVs from brands like GM, Tesla, and Polestar, enhancing the rental fleet available for leisure and business customers, as well as rideshare drivers. Hertz will also work with bp to install public fast chargers near Hartsfield-Jackson Atlanta International Airport. Additionally, partnerships with Atlanta College and Career Academy aim to provide EV education and training to students, aligning with the city's goal to achieve 100% clean energy by 2035. This initiative is part of Hertz's strategy to develop the largest EV rental fleet in North America, promoting environmental sustainability and economic growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
none

FAQ

What is the current stock price of Hertz Global Holdings (HTZ)?

The current stock price of Hertz Global Holdings (HTZ) is $2.79 as of November 1, 2024.

What is the market cap of Hertz Global Holdings (HTZ)?

The market cap of Hertz Global Holdings (HTZ) is approximately 890.4M.

What brands does Hertz operate under?

Hertz operates under the Hertz, Dollar, Thrifty, and Firefly brands.

How many locations does Hertz have worldwide?

Hertz has more than 11,000 corporate and licensed locations across 140 countries.

What distinguishes Hertz from other car rental companies?

Hertz offers unique programs like Hertz Gold Plus Rewards, NeverLost® navigation, and specialized vehicle collections.

Who recently joined Hertz as EVP and COO?

Justin Keppy joined Hertz as Executive Vice President and Chief Operating Officer.

What is Hertz's Rent2Buy program?

Rent2Buy allows customers to rent and test drive a vehicle before purchasing it.

Where can I find Hertz's quarterly financial results?

Hertz's quarterly financial results are available on the Investor Relations page of their website, https://ir.hertz.com.

How does Hertz manage its fleet?

Hertz optimizes fleet management through continuous investments and strategic initiatives tailored to market demand.

What services does Donlen Corporation provide?

Donlen Corporation offers vehicle leasing and fleet management services.

What is Hertz’s approach to environmental sustainability?

Hertz offers green vehicle collections and is continually investing in eco-friendly technologies and fleet options.

How can I participate in Hertz's earnings call?

Participants can register for Hertz's earnings call through the provided link on their Investor Relations page to receive dial-in details.

Hertz Global Holdings, Inc

Nasdaq:HTZ

HTZ Rankings

HTZ Stock Data

890.40M
306.51M
2.71%
98.69%
12.07%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
ESTERO