News
- Hertz Global Holdings Inc. declined 4.6% to $8.62 after the vehicle rental company reported quarterly results.
Revenue in the third quarter increased 8% to $2.7 billion from $2.5 billion, net income jumped to $629 million from $577 million, and basic earnings per share increased to $2.02 from $1.62 a year ago.
Vehicle depreciation expense soared to $501 million from $294 million a year ago, after electric vehicle manufacturers lowered prices throughout 2023, resulting lower residual values and increasing depreciation expense and negatively impacting salvage cost.
Average rentable vehicles increased 12% to 562,267; vehicle utilization edged up to 83% from 80%; and transaction days jumped 16% to 43.1 million from 37.1 million.
Total revenue per day declined 7% to $62.46, and total revenue per month per vehicle fell 4% to $1,596 from $1,658 a year ago.
In the quarter, the company repurchased 3 million shares for $50 million.
Oct 27, 2023 - Hertz said sales in the fourth quart rose 4% to $2 billion and swung to a net income of $116 million from a loss of $710 million and diluted loss per share was 1 cent compared to $1.52 a year ago.
Feb 7, 2023
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Price
- Last Close
-
$ 3.83
2.41 %
+0.09
Jan 3, 2025
- Trading Volume
- 146,202
- 52-Week High/Low
- $17 - $3
- Market Cap Full
- $ 1B
- YTD
- 5%
Returns +
Q
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 4.8% | -24.7% | 5.9% | -11.3% | 34.4% | -5% | 27.3% | -10.2% | -18.7% | -26% | - |
| Q2 | - | -54.6% | 12.9% | -28.5% | 408.1% | 4% | -5.3% | -21.1% | -34.4% | 317.9% | - |
| Q3 | - | -21.7% | -33.4% | 2.8% | 123.7% | 8% | -17.6% | 3.7% | 94.4% | -93.9% | - |
| Q4 | - | 18.3% | -11.1% | -5.5% | 27.8% | 15.3% | 17% | -16.9% | -6.4% | -46.3% | - |
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M
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.8% | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | -19.6% | -6% | -0.4% | -23.7% | -27.1% | -19.5% | 16.7% | -21.7% | - | - | - | -25.9% |
Returns +
A
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HTZ | 5% | -65% | -32% | -38% | 1852% | -92% | 16% | -38% | 3% | -90% | -43% |
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