Hertz Global Inc.

3 months ago · seekingalpha.com

Hertz Global Holdings, Inc. faces a critical setback as a discounted share offering and guidance cut reveal unsustainable reliance on capital markets. Despite solid demand, HTZ's turnaround is undermined by used-vehicle price softness, high depreciation, and a thin balance sheet with LT Debt/Capital near 92%. Valuation appears superficially attractive, but enterprise value metrics expose severe operational weakness relative to debt, with EV/EBITDA at 71x and negative net margins.

3 months ago · benzinga.com

Hertz Global Holdings Inc (NASDAQ:HTZ) shares are trading lower Thursday morning after the company announced that its wholly owned subsidiary, The Hertz Corporation, priced an upsized private offering of $350 million.

3 months ago · businesswire.com

ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that it has priced a SEC-registered offering of 37,037,037 shares of its common stock, par value $0.01 per share, (the “Common Stock”), at a public offering price of $2.70 per share. Such shares (the “Borrowed Shares”) will be loaned by the Company to J.P. Morgan Securities LLC (in such capacity, the “Share Borrower”), one of the underwriters.

3 months ago · pymnts.com

Rental car company Hertz announced a proposed offering of $100 million of common stock and $300 million of exchangeable senior first-lien secured payment-in-kind (PIK) notes Wednesday (June 24), while also disclosing that it realized losses on the sale of vehicles in May due to “unexpected softness in the used car market.

3 months ago · invezz.com

Shares of Hertz Global Holdings plunged on Wednesday after the car-rental company warned that second-quarter earnings are tracking toward the lower end of its guidance range, citing unexpected weakness in the used-car market. The stock sank more than 38% during trading and was on track for its largest-ever single-day percentage decline and its lowest close since March 2025, according to Dow Jones Market Data.

3 months ago · barrons.com

Hertz says weaker-than-expected demand for used-car rentals will hurt adjusted earnings for the second quarter.

3 months ago · benzinga.com

Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares are trading lower Wednesday after the company announced a proposed offering of $100 million of common stock.

3 months ago · wsj.com

Hertz Global said its adjusted earnings in the second quarter are shaping up to be on the low end of its expectations after used-car demand was worse than expected.

3 months ago · businesswire.com

ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that it intends to offer shares of its common stock, par value $0.01 per share, (the “Common Stock”) at an aggregate public offering price of $100 million in a SEC-registered offering. Such shares (the “Borrowed Shares”) will be loaned by the Company to J.P. Morgan Securities LLC (in such capacity, the “Share Borrower”), one of the underwriter.

4 months ago · benzinga.com

Hertz Global Holdings, Inc (NASDAQ:HTZ) stock may finally be showing early signs of stabilization — and billionaire hedge fund investor Philippe Laffont appears to have noticed.