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Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.12 per share versus the Zacks Consensus Estimate of a loss of $1.08. This compares to loss of $1.28 per share a year ago.
Hertz Global's loss widened, and it logged lower revenue in the first quarter, sending its stock lower in late trading, despite commentary from executives that the company's turnaround efforts are bearing fruit.
"Our 'Back-to-Basics Roadmap' is working," said Gil West, Chief Executive Officer of Hertz. "Disciplined fleet management, revenue optimization, and rigorous cost control are driving meaningful results.
Hertz Global Holdings, Inc HTZ will release earnings results for the first quarter, after the closing bell on Monday, May 12.
Extends $1.665 Billion of Commitments Under Revolving Credit Facility, $2.860 Billion of Commitments Under HVF III U.S. Vehicle Variable Funding Notes, and €1.160 Billion Under European ABS ESTERO, Fla. , May 9, 2025 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the "Company") announced today the successful extension of its First Lien RCF, HVF III U.S. Vehicle Variable Funding Notes, and European ABS strengthening the Company's financial foundation and enhancing strategic flexibility.
Get a deeper insight into the potential performance of Hertz Global (HTZ) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Billionaire Bill Ackman is known for making big contrarian bets on Wall Street, including piling into Chipotle Mexican Grill when it was still reeling from the E. coli crisis, and shorting Herbalife on concerns about its business.
Certain personalities on Wall Street have the influence to create major moves in a stock with a simple comment or social media post. Billionaire hedge fund manager Bill Ackman is one of those people.
Shares of Hertz Global Holdings (HTZ 0.58%) were skyrocketing last month on news that billionaire Bill Ackman, head of Pershing Square Capital Management, had taken a 19.8% stake in the car rental company and longtime laggard on the stock market.
Hertz Global Holdings (HTZ -4.10%) has been on a roller-coaster ride over the past few years. After a brutal patch caused by the COVID-19 pandemic, the company was forced into bankruptcy, only to emerge with a turnaround plan -- which has failed to gain much traction.