Hertz Global Hld Stock Price, News & Analysis

Hertz (HTZ) has announced the addition of the Jeep Wrangler 4xe, America's top-selling plug-in hybrid, to its rental fleet starting May 2025. The vehicles will be available in major cities across the United States, targeting summer travelers seeking adventure and open-air driving experiences.

The partnership includes unique cultural elements like the Jeep Wave greeting and "Jeep Ducking" tradition. Hertz is offering special promotions where customers who find exclusive Hertz-Jeep rubber ducks in their rentals can unlock discounts and free upgrades on future rentals. The company recommends early reservations and highlights high demand in key cities including Boston, Chicago, Denver, Honolulu, Las Vegas, Los Angeles, Miami, Orlando, San Francisco, and Seattle.

Hertz (NASDAQ: HTZ) reported significant progress in Q1 2025 under its 'Back-to-Basics Roadmap'. The company achieved a 45% year-over-year reduction in vehicle depreciation through its "Buy Right, Hold Right, Sell Right" strategy. Key highlights include: over 70% of U.S. rental fleet is 12 months old or newer, a record quarter for retail vehicle sales, and a $92 million year-over-year improvement in direct operating expenses. The company maintains $1.2 billion in corporate liquidity and extended $1.7 billion of credit facility maturities to 2028. While revenue declined 13% year-over-year due to reduced fleet capacity, Hertz expects to achieve positive Adjusted Corporate EBITDA by Q3 2025. The company is ahead of schedule to reach sub-$300 depreciation per unit target, now expected in Q2 2025.

Hertz (NASDAQ: HTZ) has successfully extended several key credit facilities, strengthening its financial foundation. The company amended its First Lien Credit Agreement, extending $1.665 billion of commitments under the $2.0 billion revolving credit facility from June 2026 to March 2028. Additionally, Hertz extended its HVF III U.S. Vehicle Variable Funding Notes to May 2027, with available principal amounts of $3.640 billion until April 2026, reducing to $2.860 billion thereafter. The company also amended its European ABS platform, extending €1.160 billion of Class A notes to April 2027.

These extensions support Hertz's strategic plan focused on disciplined fleet management, revenue optimization, and cost control, ensuring sufficient capital for strategic needs and vehicle fleet management.

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.