Hertz
HTZ
Market cap $1.41B

4.60 USD

+0.16

3.60%

At close Dec 5, 4:00 PM EST

After hours

4.74

+0.14

3.04%

1 day

3.60%

5 days

-2.34%

1 month

55.41%

3 months

63.12%

6 months

15.87%

Year to date

-54.90%

1 year

-47.55%

5 years

-82.42%

10 years

-82.42%

About: Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Employees: 27,000

Consumer Discretionary Auto Rental & Leasing, without Drivers

0

Funds holding %

of 6,790 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

8% less funds holding

Funds holding: 267 [Q2] → 246 (-21) [Q3]

8.81% less ownership

Funds ownership: 99.76% [Q2] → 90.95% (-8.81%) [Q3]

14% less capital invested

Capital invested by funds: $1.08B [Q2] → $921M (-$155M) [Q3]

17% less call options, than puts

Call options by funds: $22.3M | Put options by funds: $26.8M

30% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 90

34% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 61

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$3

35%

downside

Avg. target

$3

35%

downside

High target

$3

35%

downside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Barclays

Dan Levy

40% 1-year accuracy

14 / 35 met price target

35%downside

$3

Underweight

Initiated

19 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 13 articles about HTZ published over the past 30 days

Hertz Announces Pricing of $500 Million of Additional First Lien Senior Secured Notes Offering

ESTERO, Fla. , Dec. 5, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), has priced $500 million in aggregate principal amount of additional 12.625% First Lien Senior Secured Notes due 2029 (the "Notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Announces Pricing of $500 Million of Additional First Lien Senior Secured Notes Offering

Hertz Announces Consent Solicitations to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029

ESTERO, Fla. , Dec. 5, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), will solicit consents ("Consents") from the holders of its existing 12.625% First Lien Senior Secured Notes due 2029 (the "Initial First Lien Notes") and the holders of its 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 (the "Exchangeable Notes" and, together with the Initial First Lien Notes, the "Existing Notes") as of the record date of December 4, 2024 (the "Record Date") to amend (the "Proposed Amendments") certain provisions of the indentures governing the Existing Notes.

Hertz Announces Consent Solicitations to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029

Hertz Announces Offering of $500 Million of Additional First Lien Senior Secured Notes

ESTERO, Fla. , Dec. 5, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp."), intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of additional 12.625% First Lien Senior Secured Notes due 2029 (the "Notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Hertz Announces Offering of $500 Million of Additional First Lien Senior Secured Notes

The Motley Fool

Why Hertz Stock Tumbled and Then Recovered Today

The car rental company's stock made a surprising recovery after a disappointing earnings report.

Why Hertz Stock Tumbled and Then Recovered Today

Hertz Global Holdings, Inc. (HTZ) Q3 2024 Earnings Call Transcript

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Johann Rawlinson - VP, Investor Relations Wayne West - CEO & Director Sandeep Dube - EVP & Chief Commercial Officer Scott Haralson - EVP & CFO Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Healy - Northcoast Research John Babcock - Bank of America Merrill Lynch Ryan Brinkman - JPMorgan Lizzie Dove - Goldman Sachs Dan Levy - Barclays Christopher Stathoulopoulos - Susquehanna Operator Welcome to Hertz Global Holdings Third Quarter 2024 Earnings Call. [Operator Instructions] I would like to remind you that this morning's call is being recorded by the company.

Hertz Global Holdings, Inc. (HTZ) Q3 2024 Earnings Call Transcript

Hertz Results Hit by $1B Impairment Charge

Hertz Global Holdings (HTZ) reported a wider-than-expected third-quarter loss Tuesday, dinged by a non-cash asset impairment charge of $1 billion.

Hertz Results Hit by $1B Impairment Charge

Proactive Investors

Hertz cops billion-dollar charge after EV expansion falls flat

Car rental company Hertz Global (NYSE:HTZ) has penned its biggest quarterly loss of the year after running up a billion-dollar non-cash impairment charge related to its fleet of Tesla Inc (NASDAQ:TSLA) electric vehicles. “The size of the impairment charge was largely due to the decline in fleet residual values over the last year or so,” said Hertz.

Hertz cops billion-dollar charge after EV expansion falls flat

Hertz booked a $1 billion charge as the value of its cars dropped

Hertz's stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.

Hertz booked a $1 billion charge as the value of its cars dropped

Zacks Investment Research

Compared to Estimates, Hertz Global (HTZ) Q3 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Hertz Global (HTZ) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Hertz Global (HTZ) Q3 Earnings: A Look at Key Metrics

Zacks Investment Research

Hertz Global Holdings, Inc. (HTZ) Reports Q3 Loss, Misses Revenue Estimates

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to earnings of $0.70 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Reports Q3 Loss, Misses Revenue Estimates

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