Hertz Global Holdings, Inc. (HTZ)

NASDAQ: HTZ · IEX Real-Time Price · USD
7.89
-0.20 (-2.47%)
Mar 28, 2024, 2:30 PM EDT - Market open
-2.47%
Market Cap 2.40B
Revenue (ttm) 9.37B
Net Income (ttm) 616.00M
Shares Out 305.30M
EPS (ttm) 1.39
PE Ratio 5.79
Forward PE 21.15
Dividend n/a
Ex-Dividend Date n/a
Volume 2,596,690
Open 8.09
Previous Close 8.09
Day's Range 7.81 - 8.21
52-Week Range 6.88 - 19.36
Beta 2.01
Analysts Hold
Price Target 9.50 (+20.41%)
Earnings Date Apr 25, 2024

About HTZ

Hertz Global Holdings, Inc. operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. The company sells vehicles and value-added services. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Est... [Read more]

Sector Industrials
IPO Date Feb 28, 1997
Employees 27,000
Stock Exchange NASDAQ
Ticker Symbol HTZ
Full Company Profile

Financial Performance

In 2023, HTZ's revenue was $9.37 billion, an increase of 7.90% compared to the previous year's $8.69 billion. Earnings were $616.00 million, a decrease of -70.08%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for HTZ stock is "Hold." The 12-month stock price forecast is $9.5, which is an increase of 20.41% from the latest price.

Price Target
$9.5
(20.41% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Hertz's stock is ‘in the parking lot' for these analysts

Hertz Global Holdings Inc. has “little room for vroom,” with profit growth curbed by rising expenses related to its rental-car fleet and the still-reverberating effects of its bankruptcy a few years a...

9 days ago - Market Watch

Hertz CEO Stephen Scherr resigns after big bet on EVs goes bust

Scherr's resignation comes as the car rental company struggles with the higher repair costs and low demand for EV rentals.

10 days ago - New York Post

Jim Cramer shares view on Hertz stock after new CEO

Famed investor Jim Cramer took a dovish tone on Hertz Global Holdings Inc (NASDAQ: HTZ) today after it named Gil West its new chief executive officer. Cramer on $HTZ: ‘it's a defeat' West has most rec...

10 days ago - Invezz

Cramer's Mad Dash: Hertz

CNBC's Jim Cramer delivers his daily Mad Dash.

10 days ago - CNBC Television

Hertz CEO Departs Following EV Troubles

Hertz's CEO is stepping down following the company's major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022, has announced his resignation, Hertz said Frida...

10 days ago - PYMNTS

Hertz appoints Gil West as CEO

Rental car firm Hertz said on Friday it has appointed Gil West as its chief executive officer, effective April 1.

12 days ago - Reuters

Hertz swaps out its CEO as it looks to revitalize business after failed EV push

Hertz Global Holdings Inc.'s chief executive is leaving after just over two years, to be replaced by a Delta Airlines Inc. and General Motors Co. veteran.

12 days ago - Market Watch

Hertz CEO to Step Down as Electric Vehicle Bet Unwinds

Hertz Global Holdings is replacing its CEO in the wake of a disastrous bet on electric vehicles that the company began unwinding in recent months, according to people familiar with the matter. David W...

12 days ago - Bloomberg Markets and Finance

Hertz Global CEO Scherr to Step Down After EV Reversal

Chief Executive Stephen Scherr would step down on March 31 to be succeeded by Gil West, a former executive at Delta Airlines and General Motors' Cruise unit, effective April 1, the company said.

12 days ago - WSJ

Hertz Announces Appointment of Gil West as Chief Executive Officer as Stephen Scherr Steps Down as CEO of the Company

Transportation veteran to focus on operationally-driven revenue and EBITDA growth ESTERO, Fla. , March 15, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ), a leading global rental car c...

12 days ago - PRNewsWire

Hertz's stock headed for fresh closing low after being caught in downdraft created by Avis

Hertz Global Holdings Inc.'s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.

Other symbols: CAR
6 weeks ago - Market Watch

Hertz keeps shifting away from electric cars, but stock analysts say it needs a better strategy

Hertz is pausing its purchase of 65,000 EVs from Swedish auto manufacturer Polestar, the Financial Times reported Monday. But Hertz's game plan isn't sitting well with investors or analysts who say mo...

7 weeks ago - Fast Company

Hertz Weighs Layoffs Amid Pivot Away from EVs

Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adju...

7 weeks ago - PYMNTS

Hertz Misses Estimates on EV Fleet Rethink, Shares Fall

Hertz Global Holdings missed analyst estimates in the fourth quarter as it sold down its fleet of Tesla electric vehicles. Isabelle Lee has more.

7 weeks ago - Bloomberg Markets and Finance

Hertz's stock slides 6% after posting wider-than-expected loss amid continued headwinds from EVs

Hertz Global Holdings Inc.'s stock HTZ, -5.63% tumbled 6% early Tuesday, after the car rental company posted a wider-than-expected fourth-quarter loss as it booked charges to cover the costs of a majo...

7 weeks ago - Market Watch

HERTZ REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

"Our business benefitted from solid demand and a stable rate environment in the fourth quarter," said S tephen Scherr, Hertz chair and chief executive officer. "Nevertheless, we continued to face head...

7 weeks ago - PRNewsWire

Hertz halts plan to buy 65,000 electric cars amid EV slump

Hertz is pausing plans to buy 65,000 EVs from Polestar, the Swedish firm's CEO told the FT. It comes after Hertz said it would sell 20,000 electric vehicles due to high repair costs.

7 weeks ago - Business Insider

Hertz pauses plans of buying Polestar EVs

Hertz Global Holdings Inc (NASDAQ: HTZ) says it will not buy electric vehicles from Polestar Automotive Holding UK Plc (NASDAQ: PSNY) in 2024. Shares of the latter are down 5.0% this morning.

Other symbols: PSNY
7 weeks ago - Invezz

Hertz's stock gets downgraded, and Tesla has a lot to do with it

Hertz Global Holdings Inc. lost another bullish endorsement from a Wall Street analyst, and the car-rental company's association with electric-vehicle giant Tesla Inc. is a big reason behind the lates...

2 months ago - Market Watch

Glancy Prongay & Murray LLP Announces Investigation of Hertz Global Holdings, Inc. (HTZ)

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Hertz Global Holdings, Inc. (Nasdaq: HTZ) concerning the Company and its directors' and officers' possible...

2 months ago - Business Wire

Hertz shares downgraded because of EV costs and these other factors, says Jefferies' Stephanie Moore

Stephanie Moore, Jefferies equity analyst, joins CNBC's "The Exchange" to discuss Hertz shares and headwinds facing the electric car industry.

2 months ago - CNBC Television

Hertz's EV sale to fan cost concerns, dampen used-car market

Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas , for gas-powered cars.

2 months ago - Reuters

Hertz makes 'agile' decision to shift strategy and sell EVs, Teslas

Hertz announced last week that it would be selling roughly a third of its fleet of electric vehicles, or roughly 20,000 that are predominately Tesla and GM.

2 months ago - CNBC

Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere

Hertz said expensive repairs helped inform its decision to downsize its EV fleet.  The move is a warning to potential EV owners about "hidden'" costs.

2 months ago - Business Insider

3 Charts For Investors to Watch Friday: DocuSign, Hertz Global, Morgan Stanley

Here's our daily look at three charts connected to recent news-driven price moves, with important technical levels to watch.

Other symbols: DOCUMS
2 months ago - Investopedia