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. (NASDAQ: HTZ) generates a steady flow of news as a global car rental and mobility solutions provider operating the Hertz, Dollar, Thrifty and Firefly brands. The company’s updates reflect developments across its rental operations, fleet strategy, capital structure, and customer-facing initiatives tied to travel and mobility demand.
News coverage for Hertz often includes financial and operational results, such as quarterly earnings announcements and utilization metrics, which the company reports through press releases and related Form 8-K filings. These updates can highlight trends in rental volumes, fleet composition, and profitability initiatives within its Americas RAC and International RAC segments.
Hertz also issues news about capital markets activity, including offerings of exchangeable senior notes by its subsidiary The Hertz Corporation and related financing structures. Such announcements describe how proceeds may be used, for example, to redeem or repurchase existing senior notes or for general corporate purposes, and they are typically accompanied by cautionary statements about forward-looking information.
In addition, the company’s news stream features corporate and strategic developments, such as executive appointments, customer experience programs, marketing partnerships and mobility-related initiatives. These items provide context on how Hertz manages its global brands, invests in its fleet and digital capabilities, and engages with travelers through loyalty programs and promotional campaigns.
Investors and followers of HTZ news can use this page to review company-issued press releases and related market-moving information. By monitoring these updates over time, readers can track how Hertz responds to changes in travel demand, manages its vehicle fleet and balance sheet, and communicates key milestones in its broader transformation and mobility strategy.
Hertz and General Motors have announced a landmark agreement for Hertz to order up to 175,000 electric vehicles (EVs) over the next five years, marking a significant expansion in EV offerings. The deal includes vehicles across various categories, such as Chevrolet, Buick, GMC, Cadillac, and BrightDrop. Deliveries of the Chevrolet Bolt EV and Bolt EUV are expected to start in Q1 2023. Hertz aims for 25% of its fleet to be electric by the end of 2024, potentially saving 3.5 million metric tons of CO2 emissions.
Hertz Global Holdings reported strong second-quarter 2022 results, with total revenues reaching $2.3 billion, a 25% increase year-over-year. The company posted a GAAP net income of $940 million or $1.13 per diluted share, alongside an adjusted net income of $520 million, translating to $1.22 per adjusted diluted share. Adjusted Corporate EBITDA was recorded at $764 million, a record high. Notably, Hertz repurchased 46.9 million common shares during the quarter, enhancing shareholder value.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) will report its second quarter 2022 financial results on July 28, 2022, at 7:30 a.m. ET. An earnings call will follow at 8:30 a.m. ET, which can be accessed via a live webcast on the investor relations page of the Company's website. Hertz, a leader in vehicle rentals, operates several well-known brands globally including Hertz, Dollar, and Thrifty. Investors are encouraged to dial in early to avoid delays, and a web replay will be available for approximately one year.
Wheels Up Experience (NYSE: UP) has announced a strategic partnership with Hertz (NASDAQ: HTZ) to provide electric vehicle (EV) rentals to its members, enhancing their travel experience and commitment to sustainability. Members can access a range of high-end EVs, including Tesla and Polestar models, at over 111 private airports, with plans to expand to 500. The partnership includes elite Hertz Gold Plus Rewards membership benefits, such as vehicle upgrades and dedicated support. This initiative supports Wheels Up’s carbon offset program, aiming to reduce the carbon footprint for members.
Hertz has announced its sponsorship of a new Porsche 963 LMDh racecar set to compete in the 2023 FIA World Endurance Championship, including the prestigious 24 Hours of Le Mans. The partnership will run from 2023 to 2025, with JOTA managing team operations and Singer Group as a sponsor. CEO Stephen Scherr expressed excitement about this new chapter in Hertz's involvement with premium motorsports, emphasizing the company's goal to enhance mobility experiences. Further details about the racing team will be revealed soon.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced a new $2.0 billion share repurchase program, which adds to the $2.0 billion program from November 2021. With $0.2 billion remaining from the previous authorization, total available funds for share buybacks now amount to $2.2 billion. CEO Stephen Scherr emphasized management's confidence in the company's direction and commitment to returning capital to shareholders. The program has no time limit, offering flexibility in execution methods.
Hertz (NASDAQ: HTZ) has appointed Liz Bowyer as the new executive vice president of corporate affairs, effective June 1, 2022. In this role, Bowyer will focus on enhancing Hertz's communications, corporate reputation, and sustainability efforts. Hertz CEO Stephen Scherr emphasized Bowyer's significant experience in communications and law as a valuable asset for the company. Bowyer's background includes positions at NBC News, the White House, and Goldman Sachs. She holds degrees from the University of Florida and Columbia Law School.
Hertz Global Holdings (NASDAQ: HTZ) announced that CEO Stephen Scherr will engage in a fireside chat at the Goldman Sachs Travel and Leisure Conference on June 6, 2022, at 11:20 a.m. ET in New York. An audio webcast can be accessed through the Investor Relations website, with a 90-day replay available post-event. Hertz operates major vehicle rental brands including Hertz, Dollar, and Thrifty globally, solidifying its position as a leading rental company.
Hertz has partnered with Shelby American to create a limited-edition collection of Mustang Shelby GT500-H and GT-H models, featuring over 900 horsepower. This collaboration commemorates Shelby American's 60th anniversary and pays homage to the original 1966 Shelby GT350-H. The Mustang Shelby GT500-H will be available for rent at select locations, including Fort Myers, Las Vegas, and Miami, among others. The vehicles will have unique styling, including special racing stripes and Shelby logos, enhancing Hertz's legacy in offering high-performance rental cars.
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