Hertz Global Hld Stock Price, News & Analysis

Hertz (NYSE:HTZ) has announced a significant expansion of its Hertz Rent2Buy® program to over 100 cities nationwide. The program revolutionizes the car-buying experience by offering extended 3-day test drives of well-maintained used vehicles, including 2025 models, with a remarkable 80% purchase conversion rate among program participants.

The innovative program allows customers to thoroughly evaluate vehicles with a low daily rental fee that's waived upon purchase. Each vehicle comes with comprehensive coverage including a 12-month/12,000-mile limited powertrain warranty, 24-hour roadside assistance, and a 7-day/250-mile buy-back guarantee. Vehicles are sourced from Hertz's active rental fleet, offering newer, lower-mileage options often priced below Kelley Blue Book Suggested Retail Value.

Hertz (NASDAQ: HTZ) reported its strongest quarterly performance in nearly two years, with both net income and Adjusted Corporate EBITDA improving by approximately $0.5 billion year-over-year. The company's transformation strategy showed significant progress through its "Buy Right, Hold Right, Sell Right" approach, achieving a depreciation per unit of $251, beating its target by 16%.

Key operational improvements include vehicle utilization reaching 83% (up 300 basis points YoY), with nearly 80% of U.S. rental fleet under one year old. The company reported its highest Q2 retail vehicle sales volume in five years, while direct operating expenses declined 3% year-over-year. Hertz ended Q2 2025 with $1.45 billion in liquidity and saw its global Net Promoter Score improve by 11 points year-over-year.

Hertz Global Holdings (NASDAQ: HTZ) has scheduled its second quarter 2025 financial results announcement for August 7, 2025. The company will release its financial results 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, while those wishing to join via phone must pre-register through a provided link. Participants are advised to dial in fifteen minutes before the start time to avoid delays. A replay of the webcast will be available on the company's website for approximately one year.

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.