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Hertz Global Holdings Inc. - HTZ STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hertz Global Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hertz Global Holdings's position in the market.

News
HERTZ REPORTS FIRST QUARTER 2024 RESULTS
Rhea-AI Summary
Hertz Global Holdings, Inc. reported its first quarter 2024 results with revenue of $2.1 billion but faced challenges with a GAAP net loss of $186 million and an adjusted net loss of $392 million. The company's adjusted Corporate EBITDA was negative $567 million, driven by a $588 million increase in vehicle depreciation. Hertz is focusing on improving fleet costs, productivity, and customer experience to capitalize on travel demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25th
Rhea-AI Summary
Hertz Global Holdings, Inc. (HTZ) will announce its first quarter 2024 financial results on April 25, 2024, followed by an earnings call. The call will be accessible via webcast or phone registration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags
earnings
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News
Hertz Announces Appointment of Gil West as Chief Executive Officer as Stephen Scherr Steps Down as CEO of the Company
Rhea-AI Summary
Hertz Global Holdings, Inc. appoints Gil West, former COO of Delta Airlines, as CEO to drive operational growth. West to lead strategic initiatives for revenue and EBITDA growth, focusing on technology and commercial partnerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.2%
Tags
management
News
HERTZ REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Rhea-AI Summary
Hertz Global Holdings, Inc. reported a strong Q4 2023 with revenues of $2.2 billion, up 7% from the previous year, but also a GAAP net loss of $348 million. Adjusted net loss was $418 million, and adjusted Corporate EBITDA was negative $382 million. The company's full-year 2023 revenue was $9.4 billion with a net income of $616 million. However, adjusted free cash outflow for the year was $321 million. The company's fleet interest expense increased, and adjusted Corporate EBITDA was negative $382 million in the quarter. Despite a 7% increase in total revenues, the company faced challenges related to its electric vehicle fleet and other costs. The company's financial performance was affected by a negative 17% margin in the fourth quarter, and a 6% margin for the full year. Hertz also repurchased 19.4 million shares of common stock for $291 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.89%
Tags
earnings
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News
Hertz Global Holdings, Inc. to Announce Fourth Quarter 2023 Financial Results on February 6th
Rhea-AI Summary
Hertz Global Holdings, Inc. (HTZ) announced plans to report its Q4 2023 financial results on February 6, 2024, followed by an earnings call. The live webcast will be available on the Investor Relations page of the Company's website, with a web replay available for approximately one year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.28%
Tags
earnings
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News
Hertz and EVgo Partner to Offer EV Renters One Year of Special Charging Rates
Rhea-AI Summary
EVgo Inc. (EVGO) and Hertz (HTZ) Joint Promotion Offers Special Charging Rates for EV Renters
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
partnership
News
HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION
Rhea-AI Summary
Hertz Global Holdings, Inc. reported record revenue in Q3 2023, with total revenues of $2.7 billion and net income of $629 million. The company saw strength in demand and stability in pricing, particularly in leisure and rideshare channels. Hertz remains focused on improving margins and investing for future growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.67%
Tags
earnings
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News
Hertz Names Justin Keppy as Chief Operating Officer
Rhea-AI Summary
Hertz Global Holdings announced the appointment of Justin Keppy as Executive Vice President and Chief Operating Officer. Keppy brings over 25 years of operational experience and will be responsible for running the day-to-day operations of the company's global business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3%
Tags
none
-
News
Hertz Global Holdings, Inc. to Announce Third Quarter 2023 Financial Results on October 26th
Rhea-AI Summary
Hertz Global Holdings plans to report Q3 2023 financial results on October 26, 2023, followed by an earnings call. A live webcast will be available on the company's website. Participants are encouraged to dial in fifteen minutes ahead of the scheduled start time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.44%
Tags
earnings
News
Hertz and Mayor Adams Launch "Hertz Electrifies New York City"
Rhea-AI Summary
Hertz partners with New York City Mayor to add 1,700 rental EVs, create jobs, and provide EV education
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
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none
Stock HTZ logo
Hertz Global Holdings Inc.

Nasdaq:HTZ

HTZ Rankings

#2146 Ranked by Market Cap
#4749 Ranked by Stock Gains
N/A Ranked by Dividends

HTZ Stock Data

2.09B
121.61M
1.59%
98.56%
8.35%
Passenger Car Rental
Real Estate and Rental and Leasing
Link
US
Estero

About HTZ

hertz operates the hertz, dollar, thrifty and firefly car rental brands in more than 11,000 corporate and licensee locations throughout 140 countries in north america, europe, latin america, asia, australia, africa, the middle east and new zealand. hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the u.s. and more than 1,300 airport locations internationally. product and service initiatives such as hertz gold plus rewards, neverlost®, carfirmations, mobile wi-fi and unique vehicles offered through the adrenaline, dream, family, fun, green and prestige collections set hertz apart from the competition. additionally, hertz owns the vehicle leasing and fleet management leader donlen corporation, operates the hertz 24/7 hourly car rental business and sells vehicles through its rent2buy program. the company also owns hertz equipment rental corporation (herc), one of the largest equipment rental businesses with more than 355 l