Latest news with #HertzGlobalHoldings
Yahoo
23-05-2025
- Automotive
- Yahoo
Why Hertz Global Holdings, Inc. (HTZ) Soared Today
We recently published a list of In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other stocks that soared today. Hertz Global snapped a two-day losing streak on Thursday, finishing 16.16 percent higher to close at $7.26 apiece as investor sentiment was boosted by an investment firm's higher price target for its stock. Deutsche Bank raised its price target for Hertz Global Holdings, Inc. (NASDAQ:HTZ) to $4 from $3 previously, while maintaining a Hold rating. This followed the car rental giant's recent addition of a new high-end vehicle brand to its fleet in a bid to meet growing demand for premium services. A fleet of cars parked at a car rental company's headquarters, symbolizing the company's commitment to servicing its customers. Before the official summer season, Hertz Global Holdings, Inc. (NASDAQ:HTZ) added to its fleet the 2025 Jeep Wrangler, said to be one of the best-selling plug-in hybrid vehicles in the US, as it sees a high demand for the variant during the summer. The launch followed Hertz Global Holdings, Inc.'s (NASDAQ:HTZ) release of its first quarter performance earlier this week. Net loss widened by 138 percent to $443 million from $186 million in the same period last year, while revenues dropped by 13 percent to $1.8 billion from $2.08 billion year-on-year. Overall, HTZ ranks 9th on our list of stocks that soared today. While we acknowledge the potential of HTZ, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HTZ and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
20-05-2025
- Automotive
- Yahoo
Why Hertz Global Holdings, Inc. (HTZ) Surged Last Week
We recently published a list of . In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other stocks that surged yesterday. Wall Street's main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data. The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent. Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. A fleet of cars parked at a car rental company's headquarters, symbolizing the company's commitment to servicing its customers. Hertz Global saw its share prices jump by 7.86 percent on Thursday to finish at $6.31 apiece as investors cheered the company's addition of a new high-end vehicle brand to its fleet in a bid to meet growing demand for premium services. Before the official summer season, Hertz Global Holdings, Inc. (NASDAQ:HTZ) added to its fleet the 2025 Jeep Wrangler, said to be one of the best-selling plug-in hybrid vehicles in the US, as it sees a high demand for the variant during the summer. The launch followed Hertz Global Holdings, Inc.'s (NASDAQ:HTZ) release of its first quarter performance earlier this week. Net loss widened by 138 percent to $443 million from $186 million in the same period last year, while revenues dropped by 13 percent to $1.8 billion from $2.08 billion year-on-year. 'In a dynamic environment shaped by tariffs and economic uncertainty, capitalizing on our fleet as our most dominant economic lever keeps us agile today and positions us to deliver long-term, sustainable value,' said CEO Gil West. Overall, HTZ ranks 5th on our list of stocks that surged last week. While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . 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
16-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Hertz Global (HTZ) Stock?
Back in 2024, on May 14, a caller asked whether to sell or double down on Hertz Global Holdings, Inc. (NASDAQ:HTZ), expressing frustration with the company's EV strategy and customer charging model at the time. Cramer took a middle-ground approach, saying: "I don't want you to sell and I don't want you to double down. Just — let's just see if it can't go higher. I don't like the fact that my friend Stephen Scherr left it. I do think that it's probably too cheap right now. But if it got to $8 or $9, I would sell the stock." Cramer's neutral stance didn't pay off, as the stock declined 2.50% over the past year, briefly reaching its $8 target price only recently before dropping again.4 Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a global car rental company undergoing a transition toward electric vehicles and mobility services. Cramer discussed the stock again in April, after a caller asked him about his opinion on Bill Ackman's stake. Cramer was cautious, saying: 'Okay, well, you know, I don't know what Bill Ackman's going to do because it's, I don't know him, and all I can tell you is that the stock's had a very big run. It's not a great company. I've seen great people befell by the stock. So I think you could take the money and run and be, or at least take out your cost basis. How about that? And let the rest ride. That would be the most prudent thing to do.' While we acknowledge the potential of HTZ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HTZ and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Business Times
13-05-2025
- Automotive
- Business Times
Hertz posts worse-than-expected loss after shrinking fleet
[DETROIT] Hertz Global Holdings posted a larger-than-expected loss in the first quarter after the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13 per cent in the period, contributing to an adjusted loss of US$1.12 per share, the company said on Monday (May 12). Analysts had expected a 99-cent deficit on average, according to estimates compiled by Bloomberg. The company showed declines on multiple key metrics. While forward bookings from leisure customers were up from a year ago, demand from corporate and government customers has moderated. Hertz is offering fewer cars for rent as it freshens its fleet and contends with US President Donald Trump's trade war that has rattled markets and consumer sentiment. Bill Ackman's Pershing Square Capital Management has amassed a nearly 20 per cent stake in the rental giant, in a part as a bet that tariffs will drive up the value of Hertz's fleet. Ackman has said that he thinks the worst is behind Hertz though he expects near-term results will be weak. Hertz shares fell about 5 per cent in extended New York trading at 7.10 pm. The stock had gained 90 per cent this year to Monday's (May 12) close. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Hertz said on Monday that it remains on track to reach positive adjusted earnings before interest, taxes, depreciation and amortisation in the third quarter of this year. Its first-quarter adjusted Ebitda loss was US$325 million, worse than analysts expected. One culprit for missing estimates is a shortfall in revenue, which was US$1.8 billion when analysts expected US$2 billion. The company's vehicle utilisation rate climbed to 79 per cent, up 3 percentage points from a year ago, but still historically weak. Pricing also fell, with revenue per day falling 5 per cent to US$53.38. Hertz said it's on track to reduce depreciation on its cars to less than US$300 per month in the second quarter, earlier than expected. This was the first quarter in which Hertz is no longer unloading electric vehicles, which renters shunned and resulted in high repair costs. The strategy misstep led to US$2.9 billion in losses last year. Hertz earlier this year said it achieved its goal of selling off 30,000 battery-powered cars. BLOOMBERG
Bloomberg
12-05-2025
- Business
- Bloomberg
Hertz Posts Worse-Than-Expected Loss as Smaller Fleet Hits Sales
Hertz Global Holdings Inc. posted a larger-than-expected loss in the first quarter as the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13% in the period, contributing to an adjusted loss of $1.12 per share, the company said in a statement Monday. Analysts had expected a 99-cent deficit on average, according to estimates compiled by Bloomberg.
