Hertz Global Holdings Inc is a prominent player in the vehicle rental industry, offering a diverse range of rental cars and services to both leisure and business travelers
With a strong presence in airports and urban locations, Hertz provides customers with flexible rental options and a variety of vehicle choices, from economy cars to luxury vehicles and SUVs. The company is also focused on enhancing the customer experience through technology, including mobile apps and online booking platforms, while promoting environmentally friendly practices through investments in electric and hybrid vehicle fleets. Hertz is committed to sustainability and aims to provide innovative transportation solutions while maintaining a dedication to safety and quality service.
Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 24.2% in the morning session after shares of car rental companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 1.7% over the past six months. This drop was disappointing since the S&P 500 climbed 5.1%.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the ground transportation industry, including ArcBest (NASDAQ:ARCB) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Hertz (NASDAQ:HTZ) and its peers.
Shares of global car rental company Hertz (NASDAQ:HTZ)
fell 12.9% in the pre-market session after the company reported a deeply disappointing fourth-quarter performance, missing Wall Street's expectations across all key metrics. Revenue fell 7% year on year due to weaker rental demand and lower pricing.
Margins were under significant strain, as the company posted a sharp net loss, with adjusted EBITDA also deep in negative territory, highlighting ongoing cost challenges. Overall, these results left little room for optimism.
Car rental firm Hertz Technologies CEO Wayne West said on Thursday that it has removed 30,000 EVs from its fleet as planned last year and is planning further fleet revamp.
Global car rental company Hertz (NASDAQ:HTZ) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 6.6% year on year to $2.04 billion. Its non-GAAP loss of $1.18 per share was 63.9% below analysts’ consensus estimates.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) shares fall in premarket after reporting a 6.6% drop in Q4 FY24 sales to $2.04 billion, missing analyst forecasts. The company also posted a decline in average rentable vehicles and revenue per day.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how ground transportation stocks fared in Q3, starting with ArcBest (NASDAQ:ARCB).
