Hertz News Updates

The results offer investors a measure of relief after a punishing stretch for Hertz, which has contended with heavy depreciation costs, volatile finances and pressure on its stock.

Hertz stock plunged the most since its initial public offering five years ago after the car renter warned of pressure on earnings and plans to issue new debt.

Hourslong security lines at airports due to the partial government shutdown are paying off for car-rental companies like Hertz and Avis.

The company posted better-than-expected results in its most recent quarter, swinging to an adjusted profit of 12 cents a share from a 68-cent loss a year earlier.

Going online is the latest move by CEO Gil West to further grow retail sales, which gets the company much better pricing than selling its rental vehicles at wholesale auctions.

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles.

Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.

Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.