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.
Shares of Hertz Global Holdings (NASDAQ:HTZ) are ripping higher in Tuesday afternoon trading, changing hands around $2.64, a 25% jump from Monday's close of $2.12.
Hertz (HTZ) shares have soared over 50% in recent sessions after the company reported its fiscal Q2 earnings that came in substantially above Wall Street estimates. More importantly, on the earnings call, CEO Gil West said the company's share price didn't align with its improving operational metrics.
The headline numbers for Hertz Global (HTZ) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to a loss of $0.34 per share a year ago.
Hertz reportd better-than-expected second-quarter results.
Hertz Global (HTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For beaten-down stocks, the trend confirmation pattern pops up when the short-term 50-day moving average crosses beneath the long-term 200-day moving average, suggesting more downside price action may be ahead.
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.
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.
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.
Hertz says weaker-than-expected demand for used-car rentals will hurt adjusted earnings for the second quarter.