Hertz Global Hld Stock Price, News & Analysis

Hertz (NASDAQ: HTZ) announced on October 3, 2025 that Mike Moore has been promoted to Executive Vice President, Chief Operating Officer with end-to-end responsibility for all fleet operations.

Moore joined Hertz in July 2024 as EVP Technical Operations and brings over 25 years of fleet operations and maintenance experience, including senior roles at Delta Air Lines, Northwest Airlines, and Virgin Galactic. Management cites his track record in process improvements, cost efficiencies, and operational oversight as key to Hertz’s ongoing transformation and turnaround efforts.

Hertz (NYSE:HTZ) has launched a fully online car-buying platform at HertzCarSales.com, transforming its digital presence from a catalog into a comprehensive e-commerce solution. The new platform enables customers to browse, finance, and purchase vehicles entirely online, including getting trade-in offers and securing credit approval.

This retail expansion builds upon Hertz's recent collaboration with Amazon Autos, which has now expanded nationwide across all Hertz Car Sales locations. The company is also launching a new national ad campaign featuring NFL legend Tom Brady on October 1, 2025.

Hertz Car Sales offers Hertz Certified vehicles that undergo a 115-point inspection and come with a 12-month/12,000-mile limited powertrain warranty, 24-hour roadside assistance, and a 7-day/250-mile buy-back guarantee.

Hertz (NASDAQ: HTZ) has successfully completed a $425 million offering of Exchangeable Senior Notes due 2030, which includes the full exercise of a $50 million additional purchase option. The notes carry a 5.500% interest rate.

The offering received significant backing from Pershing Square Capital Management and other key investors, demonstrating confidence in Hertz's transformation strategy. CFO Scott Haralson highlighted that the oversubscription and increased investment from existing stakeholders validates the company's strategic direction and execution capabilities.

Hertz (NASDAQ: HTZ) has announced the pricing of its upsized $375 million Exchangeable Senior Notes offering due 2030, with an additional $50 million option for initial purchasers. The notes will bear a 5.500% annual interest rate and will be exchangeable into Hertz common stock at an initial exchange price of $9.24 per share, representing a 32.5% premium to the closing price.

The company plans to use $300 million of the net proceeds to partially redeem outstanding Senior Notes due 2026, and $33.26 million for capped call transactions. The remaining funds will be used for general corporate purposes. The notes will be guaranteed by Hertz Global Holdings and its domestic subsidiaries.

In connection with the offering, Pershing Square entities entered into swap transactions for $125 million notional amount of common stock, and Hertz implemented capped call transactions with a cap price of $13.94 per share.

Hertz (NASDAQ: HTZ) has announced plans to offer $250 million in Exchangeable Senior Notes due 2030, with an additional option for purchasers to acquire up to $37.5 million more. The notes, issued by The Hertz Corporation, will be exchangeable into cash, common stock, or a combination thereof.

The company will use the proceeds to fund capped call transactions and partially redeem outstanding Senior Notes due 2026. The notes will bear semi-annual interest starting April 1, 2026, and mature on October 1, 2030. Pershing Square Capital Management plans to enter into $100 million swap transactions related to HTZ common stock, while CK Amarillo has expressed interest in purchasing up to $25 million of the notes.

Hertz (NYSE:HTZ) is enhancing fan engagement at the World Endurance Championship's (WEC) U.S. event at Circuit of the Americas (COTA) through innovative experiences. The company announced the inaugural Hertz Gold Kart Series, a 3-hour endurance-style kart race featuring 72 sweepstakes winners competing in teams led by F1 World Champion Jenson Button and his teammates, with NFL legend Tom Brady as virtual coach.

The event, scheduled for September 6, 2025, offers winners exclusive prizes including a team trophy, signed Team JOTA helmet, and VIP pit lane tour. Additionally, Hertz Gold Plus Rewards members will receive special benefits including exclusive race-day access, discounted Lone Star Le Mans tickets, and opportunities for open-track driving sessions.

Hertz Global Holdings (NASDAQ: HTZ) has scheduled its third quarter 2025 financial results announcement for November 4, 2025. The company will release its earnings at 8:00 a.m. ET, followed by an earnings conference call at 9:00 a.m. ET.

Investors can access the live webcast through Hertz's investor relations website. Those wishing to join by phone must pre-register through the provided link. Participants are advised to dial in fifteen minutes before the start time. The webcast replay will be available on the company's website for approximately one year.

Hertz (NYSE:HTZ) has launched its innovative 'Gold Squad' initiative, featuring trained Golden Retrievers at select U.S. airports to comfort stressed travelers during peak travel periods. The program debuted at Dallas Fort Worth International Airport (DFW), with plans to expand to cities like Chicago, San Diego, and Atlanta based on social media feedback.

The initiative comes as 70% of Americans report finding vacation booking stressful, according to YouGov research. Alongside the canine comfort program, Hertz is promoting its Gold Plus Rewards loyalty program, offering exclusive rates, counter skip privileges, and points for free rental days.

Hertz (NYSE:HTZ) has announced a strategic partnership with Amazon Autos, becoming the platform's first fleet dealer. The collaboration enables customers to browse, finance, and purchase from thousands of pre-owned Hertz vehicles through Amazon's marketplace.

The program will initially launch in Dallas, Houston, Los Angeles, and Seattle, with plans to expand to 45 Hertz Car Sales locations nationwide. Vehicles undergo a 115-point inspection and come with a 12-month/12,000-mile limited powertrain warranty, roadside assistance, and a 7-day/250-mile buy-back guarantee.