HTZ Stock Recent News

[00:00:04] Doug McIntyre: Hertz made an interesting decision two or three years ago that they were going to buy several tens of thousands of Teslas on the theory that Americans would adopt EVs fast.

I maintain a sell rating for Hertz Global due to weak revenue trends, elevated depreciation per unit (DPU), and potential liquidity risks. HTZ's 4Q24 results were disappointing, with revenue declining 6.6% y/y and EBITDA significantly below expectations due to high DPU. Fleet reduction limits HTZ's ability to capture demand growth, potentially losing market share to competitors like Avis Budget Group.

Hertz's financial struggles stem from a poorly timed investment in electric vehicles, leading to significant losses, mounting debt, and a steep stock decline. Q4 2024 results were disappointing, with revenue down 7% year-over-year and a non-GAAP loss of $1.18 per share, both missing estimates for the third consecutive quarter. The balance sheet is very weak, with rising debt and insufficient cash flow, exacerbated by higher interest expenses and a large amount of debt maturing soon.

Today the markets are displaying a show of resilience in the face of headwinds like inflation and tariffs, with all three of the major indices trading higher out of the gate. The S&P 500 has been buoyed by stocks like Tesla (Nasdaq: TSLA) and Apple (Nasdaq: AAPL) while Microsoft (Nasdaq: MSFT) and Amazon (Nasdaq: AMZN) got off to a slower start. President Trump is expected to hold a news conference on reciprocal tariffs this afternoon, which should be positive for the auto sector. Tesla is extending its gains in morning trading, rising by nearly 4% after securing a massive $400 million contract from the U.S. government for its armored vehicles. Separately, following Elon Musk’s nearly $100 billion bid for OpenAI, the serial acquirer said he would drop his offer if the company remains in its current structure as a non-profit, according to reports. OpenAI backer Microsoft is trading slightly lower at last check. Here’s a look at market performance as of mid-morning: Dow Jones Ind

Hertz Global Holdings, Inc. (NASDAQ:HTZ ) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Johann Rawlinson - VP, IR Wayne West - CEO & Director Sandeep Dube - EVP & Chief Commercial Officer Scott Haralson - EVP & CFO Conference Call Participants John Babcock - Bank of America Merrill Lynch Chris Woronka - Deutsche Bank Dan Levy - Barclays Harold Antor - Jefferies Chris Stathoulopoulos - Susquehanna Isaac Sellhausen - Oppenheimer Operator Welcome to Hertz Global Holdings Fourth 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) came out with a quarterly loss of $1.18 per share versus the Zacks Consensus Estimate of a loss of $0.72. This compares to loss of $1.36 per share a year ago.

The company is developing a “comprehensive strategy that will enable us to operate more efficiently.” That means fewer electric vehicles.

Get a deeper insight into the potential performance of Hertz Global (HTZ) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Hertz Global (HTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hertz Global (HTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.