Hertz Global Holdings, Inc. (HTZ)
Summary
HTZ Chart
Hertz Rebounds 16% From a Record Low; Avis Climbs 5%, Ryder Ticks Up
Beaten-down rental stocks are bouncing while the wider transportation sector slips, and Hertz Global Holdings (NASDAQ:HTZ) is leading the rebound from the deepest hole in the group. Hertz stock is at $2.
2 Short-Squeeze Candidates Waiting for the Right Catalyst
Stocks with high short interest are a dime a dozen; the question is whether shorts can cover quickly, which is indicated by days to cover. Days to cover measures how many days at average volume it would take short sellers to close out 100% of their positions; the higher it is, the better (if you are looking for a squeeze), and above five is generally good.
Hertz: The Company's Debt Load May Prove To Be Insurmountable
Hertz Global shares have fallen sharply since my most recent article; however, I remain bearish. I believe the firm's June profit warning invalidated last year's bullish thesis and highlights the company's balance sheet strain. Credit rating agency actions and the price of HTZ bonds further add to these worries.
Hertz Global Holdings, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 338 | $1,487.16 | $625.3 | -$861.86 | -57.95% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 162,838 | $368,830.01 | $301,250.3 | -$67,579.71 | -18.32% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 8,000 | $33,760 | $15,600 | -$18,160 | -53.79% |
| NA Nizar Araji National Bank Of Canada /FI/ | 198 | $793.36 | $362.34 | -$431.02 | -54.33% |
| IH Isaac Haas Hbk Investments LP | 100,000 | $226,500 | $180,500 | -$46,000 | -20.31% |
Hertz Global Holdings, Inc. (HTZ) FAQ
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Hertz Global Holdings, Inc. Profile
| Financial Services Industry | Financials Sector | Wayne Gilbert West CEO | NASDAQ (NGS) Exchange | 42806J700 CUSIP |
| US Country | 26,000 Employees | - Last Dividend | - Last Split | 1 Jul 2021 IPO Date |
Overview
Hertz Global Holdings, Inc., established in 1918, stands out as a leading car rental service provider, with a presence that spans the globe. Headquartered in Estero, Florida, the corporation thrives through its operations which are segmented into Americas Rental Car and International Rental Car divisions. With a broad market reach, Hertz offers its vehicle rental services in various international territories including the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. The company's global footprint is supported by a mix of company-operated locations, licensee, and franchisee outlets. Over the years, Hertz Global Holdings, Inc. has distinguished itself in the vehicle rental industry by operating under three well-recognized brands: Hertz, Dollar, and Thrifty.
Products and Services
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Vehicle Rental Services:
Hertz Global Holdings, Inc. provides comprehensive vehicle rental services catering to various customer needs. Whether for short-term or long-term rentals, the company offers a wide range of vehicles to suit any requirement. From economy cars for budget-minded travelers to luxury vehicles for those seeking premium experiences, Hertz ensures availability and convenience across its global network. Utilizing the Hertz, Dollar, and Thrifty brands, the company extends its services to both individual customers and corporate clients, ensuring flexibility and a variety of options for every type of renter.
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Sale of Vehicles:
Aside from its rental services, Hertz Global Holdings, Inc. engages in the sale of vehicles, offering an option for customers interested in purchasing well-maintained used cars. Through this service, the company caters to consumers looking for reliable vehicles with a known service history. The sales process is designed to be transparent, providing potential buyers with detailed information about the vehicle's condition and history, thereby ensuring a trust-based transaction.
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Value-added Services:
To enhance the customer experience, Hertz offers a range of value-added services designed to complement the vehicle rental process. These services include, but are not limited to, insurance products, the Hertz Gold Plus Rewards program, and roadside assistance. Each of these services is intended to provide customers with convenience, safety, and exclusive benefits, making their rental experience as seamless as possible. Whether it's offering peace of mind through comprehensive insurance coverage or rewarding loyal customers via a rewards program, Hertz's value-added services are tailored to meet the diverse needs of its clientele.
Contact Information
