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. reports news on its vehicle rental and mobility operations, including the Hertz, Dollar, Thrifty and Firefly rental brands, Hertz Car Sales, and Hertz 24/7 car sharing in Europe. Company updates commonly cover rental demand, fleet rotation, revenue per unit, revenue per day, depreciation trends, used-vehicle sales channels and customer-service initiatives across its Americas and international rental operations.
Hertz news also includes partnerships and platform expansion in mobility services. Recent themes include digital retail for near-new vehicles, premium fleet additions, rideshare and fleet-management partnerships, and Oro Mobility, an affiliated operating company focused on integrated fleet solutions for driver-led and autonomous mobility models.
Hertz (NASDAQ: HTZ) announced completion of a $350 million offering of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 by subsidiary The Hertz Corporation. Initial purchasers may buy up to an additional $50 million within 13 days. The company expects the transaction to enhance liquidity and financial flexibility to support its corporate transformation and peak-season operations.
Hertz (NASDAQ: HTZ) priced a SEC-registered offering of 37,037,037 common shares at $2.70 per share. The shares will be loaned to J.P. Morgan Securities under a share lending agreement, and the lender or its affiliates will receive the sale proceeds, paying Hertz only a nominal lending fee.
The borrowed shares are expected to support hedging for investors in Exchangeable Senior First-Lien Secured PIK Notes due 2030 that Hertz Corporation priced in a private offering. The borrowed share offering is contingent on the notes closing, and related trading activity could affect Hertz’s share price.
Hertz (NASDAQ: HTZ) priced an upsized private offering of $350 million 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with an option for $50 million more. Expected net proceeds of about $339.5 million will help repay its revolving credit facility and fund general corporate purposes.
The notes are exchangeable into cash, Hertz common stock, or both at Hertz Corp.’s election, initially at 279.5248 shares per $1,000, implying a $3.58 exchange price, a 32.5% premium to a concurrent 37,037,037-share offering at $2.70.
Hertz (NASDAQ: HTZ) plans a SEC-registered public offering of $100 million of common stock through a share lending arrangement with J.P. Morgan Securities. The underwriter or its affiliates will sell the loaned “Borrowed Shares” and keep all offering proceeds, while Hertz receives only a nominal lending fee.
The Borrowed Shares must later be returned to Hertz, and resulting short sales or derivatives used by investors in planned Exchangeable Senior First-Lien Secured PIK Notes due 2030 may affect the HTZ share price. The Borrowed Share offering is contingent on closing the private notes offering.
Hertz (NASDAQ: HTZ) plans a private offering of $300 million Exchangeable Senior First-Lien Secured PIK Notes due 2030 to qualified institutional buyers under Rule 144A, with a $45 million option. Proceeds are for general corporate purposes, potentially including debt repayment.
The notes are partly cash-pay and partly PIK, exchangeable into cash, Hertz common stock, or both, at Hertz Corp.’s election. Share issuance upon exchange is capped at 19.9% of pre-offering shares unless shareholders approve more. A concurrent registered $100 million common stock offering uses loaned “Borrowed Shares,” from which Hertz receives only a nominal lending fee.
Hertz (NASDAQ:HTZ) reports strong indicators of a 2026 U.S. road trip revival, with 64% of Americans planning a road trip this summer based on a national survey.
Internal booking data shows higher demand around Memorial Day, iconic routes like Route 66, historic New England, and major live events, plus a summer flash sale offering 20% off rentals booked May 21–29 for travel through September 30.
Hertz (NASDAQ: HTZ) reported Q1 2026 revenue of $2.0 billion, up 11% YoY, its strongest year‑over‑year revenue growth in three years. GAAP net loss was $333 million (Diluted GAAP EPS $(1.06)); Adjusted net loss was $224 million and Adjusted EPS $(0.72).
Adjusted Corporate EBITDA improved nearly 50% YoY; RPD rose 5.5%; Net DPU was $312 (‑13% YoY improvement). Liquidity was about $837 million with ~$200 million added in April. Hertz launched Oro Mobility and expanded Hertz Car Sales via an eBay partnership.
Hertz Car Sales (HTZ) launched a dedicated digital showroom on eBay, listing more than 8,000 Hertz Certified near-new vehicles. Listings use eBay Secure Purchase with payment, financing, registration, transport options and up to $100,000 Vehicle Purchase Protection. Certified cars include a 12-month/12,000-mile limited warranty and a 7-day buy-back guarantee.
The move expands Hertz’s retail channel reach, targets in-market shoppers on a major marketplace, and offers an end-to-end online purchase experience for near-new inventory.
Hertz and The Home Depot (HD) launched a nationwide Military Appreciation Month initiative beginning May 1, 2026, offering transportation, travel benefits and home-upgrade prizes for service members. Three winners receive a car from Hertz Car Sales, Husky tool sets, and $1,000 Home Depot gift cards; one winner gets an additional garage storage upgrade.
Eligible military buyers can get up to $1,000 off Hertz Car Sales purchases through July 4, 2026, and Home Depot Verified Military Discount members receive Hertz Five Star status during the promotion.
Hertz (NASDAQ: HTZ) launched affiliate Oro Mobility and announced two strategic fleet partnerships with Uber to support autonomous robotaxi and driver-led services. Oro will manage Lucid vehicles with Nuro AV tech, handling charging, maintenance, cleaning, and depot staffing, with San Francisco robotaxi services expected later in 2026 and broader expansion explored for 2027.
Oro is already active on Uber in Los Angeles and San Francisco after an Atlanta pilot, with Northern New Jersey planned to launch this spring 2026.