Latest news with #Hertz
Motor 1
2 hours ago
- Automotive
- Motor 1
You Can Get a Stupid Cheap Maserati From Hertz
Want a great deal on a vehicle that's lived most of its life as a rental car? Hertz is the place to go. With one of America's largest rental fleets, the agency regularly puts its former rental cars up for sale for cheap. Not even luxury brands like Maserati are immune to price drops. As Carscoops uncovered , Hertz currently has a fleet of Maseratis for sale in the US—and many of them cost less than a new Honda CR-V. The Maseratis in question are all Grecale SUVs, and they range in price from as little as $36,543 at the time of writing to a still-pretty-reasonable $48,022 for the most expensive. Photo by: Hertz And even for rental cars, the mileage on most of these Grecales isn't that bad. The cheapest one of the bunch only has 28,371 miles, while a handful of other examples have fewer than 15,000 miles. There's even one Grecale with less than 10,000 miles that costs a cool $38,999. Not bad at all. Those prices are pretty shocking considering that a brand-new Maserati Grecale will set you back at least $77,900, with the most-expensive trim—the electric Folgore—starting at a whopping $119,900 for 2025. Of course, Maserati isn't known for its reliability, and that's likely keeping consumers from snapping up these lightly used luxury SUVs. As Carscoops notes, this is already the second price drop for Hertz's Grecale fleet in recent months. That said, there haven't been many known issues surrounding the Grecale from a reliability standpoint. Maserati's SUV rides on the same platform as the Alfa Romeo Stelvio, which has been hit or miss historically in terms of reliability. We say roll the dice, what could go wrong? More From Maserati Maserati Is Not for Sale Maserati Sales Aren't Doing Great Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Hertz via Carscoops Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
11 hours ago
- Business
- Yahoo
Hertz Global Holdings, Inc. (HTZ): A Bull Case Theory
We came across a bullish thesis on Hertz Global Holdings, Inc. (HTZ) on Bill Ackman on X (Twitter). In this article, we will summarize the bulls' thesis on HTZ. Hertz Global Holdings, Inc. (HTZ)'s share was trading at $7.05 as of 23rd May. HTZ's trailing and forward P/E were 23.71 and 11.78 respectively according to Yahoo Finance. nito/ Hertz presents a compelling investment opportunity as both an operating company and a highly leveraged portfolio of automobiles. After acquiring a 19.8% stake, investors highlight four key drivers for value creation: an improving car rental industry structure marked by more rational competition, resolution of Hertz's overexposure to Teslas which had previously caused operational and residual value issues, a promising operational turnaround led by CEO Gil West and his experienced management team, and the company's leveraged capital structure. The U.S. car rental market is a tight oligopoly dominated by Enterprise, Avis, and Hertz, with improving pricing discipline and strong profit potential demonstrated by Enterprise's 20%+ margins. Hertz is actively rotating its fleet, shedding higher-cost vehicles to reduce depreciation expenses, increasing unit revenues, and cutting operating costs, all of which should drive meaningful margin expansion over the next several years. Despite current leverage, the company's debt largely matures in 2028 and 2029, and Hertz has ample liquidity and financing capacity to support its fleet refresh and obligations. The firm's 500,000-car fleet valued at roughly $12 billion is well-positioned amid rising used car prices driven by tariffs, potentially boosting asset value by over $1 billion—half the current market cap. Management's near-term targets imply adjusted EBITDA of about $2 billion by 2029, which at a conservative 7.5x multiple suggests a $30 per share valuation. While near-term results face headwinds from tariffs and travel industry softness, the intermediate outlook is for sustainably higher profits. A potential partnership with Uber on autonomous vehicle fleets could further unlock value, leveraging Hertz's scale and infrastructure. Although risks remain, this thesis points to significant upside potential. Hertz Global Holdings, Inc. (HTZ) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held HTZ at the end of the fourth quarter which was 30 in the previous quarter. While we acknowledge the risk and potential of HTZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than HTZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
a day ago
- Automotive
- Yahoo
Hertz is selling Maserati SUVs for Toyota RAV4 prices. Here's how many are left
Maserati vehicles are known for stylish exteriors, luxurious interiors, and incredible performance specs. Affordability isn't exactly synonymous with models from the Italian brand. Hertz is offering Maserati's newest SUV model for under $37,000, which is less than a new 2025 Toyota RAV4 Limited. The company is offering some models at extremely discounted rates compared to their actual market value. Is the Grecale worth considering at the prices Hertz is offering? So, why is it surprising that Hertz is selling Maserati Grecale models for under $40,000? The Grecale debuted as a 2023 small luxury SUV with a starting price of a whopping $63,500. While this pricing isn't mind-blowing for a Maserati luxury SUV, it's higher than what average Americans are spending on new cars (around $50,000), according to CNBC. Hertz has 29 Maserati Grecale small luxury SUVs for sale at the time of publishing. The most affordable of these Grecale SUVs starts at just $36,540 with under 29,000 miles according to the company's website. It's a 2023 base model, so it's being sold for slightly under 58% of its original MSRP. That's a depreciation rate of 42% in just a few years with low mileage. Getting a used Maserati Grecale is a great way to enjoy Maserati thrills without paying new Maserati prices. Kelley Blue Book's fair purchase price for a 2023 Maserati Grecale with under 29K miles from a dealer is $38,522. Its typical listing price is $39,222. So, you can score a Maserati Grecale for under market value if Hertz's prices are as advertised when the ink is dry on paperwork. That said, Hertz's Grecale models are located across the country and the company could tack on extra fees to the purchase, so take these prices with a grain of salt and do your own due diligence. At a glance, Hertz is offering the Grecale small luxury SUV for attractive prices, but buyers should still take caution. Kelley Blue Book's typical listing price is a solid benchmark for what the SUV's true market value is. Why has the Grecale depreciated so much in so little time, and is it a good SUV? The 2025 Maserati Grecale starts at $77,900. It uses a 2.0-liter turbocharged four-cylinder engine to produce 325 horsepower and 332 pound-feet of torque. The small luxury SUV accelerates from 0-60 miles per hour in 5.0 seconds. It achieves 22 miles per gallon in the city and 28 miles per gallon on the highway. The Grecale comes standard with all-wheel drive. Maserati's SUV features high-quality cabin materials and over 33 inches of display surfaces. Car and Driver praises the Grecale's "sporty yet comfortable ride ." Maserati's small luxury SUV offers an entry point to Maserati ownership for the average American car buyer. Heavily discounted used models are even more affordable, with a fair market value below the average price of new cars. The Grecale's rate of depreciation isn't uncommon in the luxury SUV vehicle class. So, Hertz's current Grecale offerings could be the perfect opportunity to get behind the wheel of one for interested parties. This article originally appeared on Nashville Tennessean: Maserati SUVs for sale used, under $40,000, from Hertz Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Automotive
- Yahoo
Trends & Strategies Shaping the Middle East's Car Rental Industry 2025-2030, Featuring Avis Budget Group, Hertz Corp., Enterprise Holdings, Fast Rent a Car, Sixt and More
Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Middle East Car Rental - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" report has been added to Middle East Car Rental Market is expected to register a CAGR of 10.42% during the forecast period. The Middle-East Car Rental Market is moderately consolidated with international and regional players such as Avis Budget Group Inc, SIXT, Hertz Corp, Theeb Rent A Car, Enterprise Holdings Inc, and others. The major rental companies are making joint ventures and partnerships to launch newer products and include an edge over their market for car rentals was severely impacted by the COVID-19 pandemic. The COVID-19 pandemic has caused the region's car rental market to slow down completely due to the sudden and complete suspension of transportation. The Middle Eastern countries' rental car demand continued to decline as a result of the region's declining preference for shared mobility. However, in the aftermath of the pandemic, as the number of tourists has significantly increased, the Middle East's demand for car rentals has significantly increased and is anticipated to continue throughout the forecast the long term, the car rental market's growth is favorable due to stringent government legislation on purchase and car driving in the country. Using public transportation can become time-consuming and unpredictable. Moreover, public transport doesn't give an end-to-end ride, which is especially unfavorable among every Middle Eastern nation, expanding economies like Oman and the United Arab Emirates have fueled the rental car market. Among the Middle Eastern countries, Saudi Arabia generates the most revenue from car rentals. Outstation, event, self-driving, employee transportation, airport transportation, and local use are just a few examples of the many uses for car rentals. In addition, they are providing insurance, entertainment systems, and additional services. The developed Middle Eastern nations are also starting to take notice of the rise of electric cars, which offer the same functionality with the added benefit of having fewer negative environmental every Middle Eastern nation, expanding economies like Oman and the United Arab Emirates have fueled the rental car market. Among the Middle Eastern countries, Saudi Arabia generates the most revenue from car rentals. Outstation, event, self-driving, employee transportation, airport transportation, and local use are just a few examples of the many uses for car rentals. In addition, they are providing insurance, entertainment systems, and additional services. The developed Middle Eastern nations are also starting to take notice of the rise of electric cars, which offer the same functionality with the added benefit of having fewer negative environmental East Car Rental Market Trends Online Rental Booking Continues to Witness Major Demand Rise in Tourism Activities Key Topics Covered1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter's Five Forces Analysis4.3.1 Bargaining Power of Suppliers4.3.2 Bargaining Power of Buyers/Consumers4.3.3 Threat of New Entrants4.3.4 Threat of Substitute Products4.3.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION (Value in USD)5.1 Booking type5.1.1 Online booking5.1.2 Offline booking5.2 Application5.2.1 Leisure/Tourism5.2.2 Daily utility5.3 Vehicle Type5.3.1 Economy cars5.3.2 Luxury cars5.4 End-User Type5.4.1 Self-driven5.4.2 Chauffeur5.5 Country5.5.1 Saudi Arabia5.5.2 Kuwait5.5.3 United Arab Emirates5.5.4 Qatar5.5.5 Rest of Middle East6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Avis Budget Group Inc.6.2.2 Hertz Corp.6.2.3 Enterprise Holdings Inc.6.2.4 Fast Rent a Car6.2.5 Sixt SE6.2.6 Europcar6.2.7 Hanco6.2.8 Theeb Rent A Car6.2.9 National Rent A Car7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
2 days ago
- Business
- Yahoo
Hertz Global Holdings, Inc. (HTZ): A Bull Case Theory
We came across a bullish thesis on Hertz Global Holdings, Inc. (HTZ) on Bill Ackman on X (Twitter). In this article, we will summarize the bulls' thesis on HTZ. Hertz Global Holdings, Inc. (HTZ)'s share was trading at $7.05 as of 23rd May. HTZ's trailing and forward P/E were 23.71 and 11.78 respectively according to Yahoo Finance. nito/ Hertz presents a compelling investment opportunity as both an operating company and a highly leveraged portfolio of automobiles. After acquiring a 19.8% stake, investors highlight four key drivers for value creation: an improving car rental industry structure marked by more rational competition, resolution of Hertz's overexposure to Teslas which had previously caused operational and residual value issues, a promising operational turnaround led by CEO Gil West and his experienced management team, and the company's leveraged capital structure. The U.S. car rental market is a tight oligopoly dominated by Enterprise, Avis, and Hertz, with improving pricing discipline and strong profit potential demonstrated by Enterprise's 20%+ margins. Hertz is actively rotating its fleet, shedding higher-cost vehicles to reduce depreciation expenses, increasing unit revenues, and cutting operating costs, all of which should drive meaningful margin expansion over the next several years. Despite current leverage, the company's debt largely matures in 2028 and 2029, and Hertz has ample liquidity and financing capacity to support its fleet refresh and obligations. The firm's 500,000-car fleet valued at roughly $12 billion is well-positioned amid rising used car prices driven by tariffs, potentially boosting asset value by over $1 billion—half the current market cap. Management's near-term targets imply adjusted EBITDA of about $2 billion by 2029, which at a conservative 7.5x multiple suggests a $30 per share valuation. While near-term results face headwinds from tariffs and travel industry softness, the intermediate outlook is for sustainably higher profits. A potential partnership with Uber on autonomous vehicle fleets could further unlock value, leveraging Hertz's scale and infrastructure. Although risks remain, this thesis points to significant upside potential. Hertz Global Holdings, Inc. (HTZ) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held HTZ at the end of the fourth quarter which was 30 in the previous quarter. While we acknowledge the risk and potential of HTZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than HTZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
