Hertz
HTZ

$2.71

3.9%

Market Cap: $831M

About: Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Employees: 27,000

Consumer Discretionary Auto Rental & Leasing, without Drivers

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

36% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 70

26.6% more ownership

Funds ownership: 72.05% [Q1] → 98.64% (+26.6%) [Q2]

1% more funds holding

Funds holding: 263 [Q1] → 266 (+3) [Q2]

5% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 59

28% less call options, than puts

Call options by funds: $26M | Put options by funds: $36.1M

40% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]

56% less capital invested

Capital invested by funds: $2.4B [Q1] → $1.06B (-$1.33B) [Q2]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$2.50

8%

downside

Avg. target

$4.58

69%

upside

High target

$7

158%

upside

6 analyst ratings

0 positive

0%

4 neutral

67%

2 negative

33%

Morgan Stanley Adam Jonas 49% 1-year accuracy 30 / 61 met price target	158%upside $7	Equal-Weight Maintained	6 Aug 2024
Susquehanna Christopher Stathoulopoulos 65% 1-year accuracy 17 / 26 met price target	48%upside $4	Neutral Maintained	6 Aug 2024
JP Morgan Ryan Brinkman 41% 1-year accuracy 14 / 34 met price target	85%upside $5	Neutral Maintained	2 Aug 2024
JP Morgan Ryan Brinkman 41% 1-year accuracy 14 / 34 met price target	121%upside $6	Neutral Maintained	22 Jul 2024
Goldman Sachs Lizzie Dove 78% 1-year accuracy 7 / 9 met price target	11%upside $3	Sell Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about HTZ published over the past 30 days

The Motley Fool

Down 90.6%, Is Hertz Global Worth Buying?

Hertz has a turnaround plan that will take another year to execute.

Down 90.6%, Is Hertz Global Worth Buying?

Hertz boosts board size to 11 with two new members

Car rental company Hertz said on Tuesday it had elected Francis Blake and Lucy Clark Dougherty to serve as directors on its board, increasing the size to 11 members from nine.

Hertz boosts board size to 11 with two new members

Hertz Further Strengthens Board with 2 New Members

ESTERO, Fla. , Aug. 27, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) – one of the leading global rental car companies – announced that its Board of Directors is increasing the size of the Board from nine to 11 and is electing Mr.

Hertz Further Strengthens Board with 2 New Members

HERTZ ALERT: Bragar Eagel & Squire, P.C. is Investigating Hertz Global Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Hertz Global Holdings, Inc. (NASDAQ: HTZ) on behalf of long-term stockholders following a class action complaint that was filed against Hertz on May 31, 2024 with a Class Period from April 27, 2023 to April 24, 2024. Our investigation concerns whether the board of directors of Hertz have breached their fiduciary duties to the company.

HERTZ ALERT: Bragar Eagel & Squire, P.C. is Investigating Hertz Global Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Hertz Global Holdings, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - HTZ

NEW YORK, NY / ACCESSWIRE / July 14, 2024 / If you suffered a loss on your Hertz Global Holdings, Inc. (NASDAQ:HTZ) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/hertz-global-holdings-inc-lawsuit-submission-form?prid=90633&wire=1 or contact Joseph E. Levi, Esq.

Hertz Global Holdings, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - HTZ

Hertz Global Holdings Inc Sued For Securities Law Violations - Contact The Schall Law Firm To Discuss Your Legal Rights

LOS ANGELES, CA / ACCESSWIRE / August 6, 2024 / The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hertz Global Holdings, Inc. ("Hertz" or "the Company") (NASDAQ: HTZ ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 27, 2023 and April 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 30, 2024.

Hertz Global Holdings Inc Sued For Securities Law Violations - Contact The Schall Law Firm To Discuss Your Legal Rights

Hertz Global Holdings, Inc. (HTZ) Q2 2024 Earnings Call Transcript

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Scott Haralson - CFO Sandeep Dube - CCO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank John Healy - Northcoast Research John Babcock - Bank of America Stephanie Moore - Jefferies Ian Zaffino - Oppenheimer Christopher Stathoulopoulos - SIG Operator Welcome to the Hertz Global Holdings Second Quarter 2024 Earnings Call. [Operator Instructions] I would like to remind you that this morning's call is being recorded by the company.

Hertz Global Holdings, Inc. (HTZ) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Hertz Global (HTZ) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Hertz Global (HTZ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hertz Global (HTZ) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Hertz Global Holdings, Inc. (HTZ) Reports Q2 Loss, Misses Revenue Estimates

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.21. This compares to earnings of $0.72 per share a year ago.

Hertz Global Holdings, Inc. (HTZ) Reports Q2 Loss, Misses Revenue Estimates

Hertz's stock drops after a wider-than-expected loss and a revenue miss

Shares of Hertz Global Holdings Inc. HTZ took a 5.6% dive in premarket trading Thursday, after the rental car company reported a wider-than-expected loss, a revenue miss and vehicle depreciation that increased $706 million. The company swung to a net loss of $865 million, or $2.82 a share, from net income of $139 million, or 44 cents a share, in the year-ago period.

Hertz's stock drops after a wider-than-expected loss and a revenue miss

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