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Hertz Reports $392 Million Loss as It Unwinds Tesla Fleet Burden
Bloomberg· 2 days agoHave a confidential tip for our reporters? Hertz Global Holdings Inc. reported a loss that was...
Hertz says it lost another $195M from EV bet
Fox Business via Yahoo Finance· 1 day agoHertz Global reported higher-than-expected quarterly losses on Thursday, which sent shares down by more than 24%. The company's total losses were $588...
Hertz is ditching even more electric cars
Quartz· 1 day agoHertz is ditching more of its fleet of electric vehicles, which it says are unreliable and more expensive than gas-guzzlers, as it reports a $392 million...
Hertz’s stock is having an awful week, and BofA adds to investors’ misery
Market Watch· 1 day agoBofA analyst John Babcock downgraded the stock to underperform from neutral. One of the biggest...
Hertz Global Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Simply Wall St. via Yahoo Finance· 1 day agoHertz Global Holdings (NASDAQ:HTZ) First Quarter 2024 Results Key Financial Results Revenue:...
BofA cuts Hertz stock target to $3 from $9, downgrades to underperform By Investing.com
Investing.com· 1 day agoOn Friday, BofA Securities adjusted its stance on Hertz (NASDAQ:HTZ) Global shares (NASDAQ:HTZ),...
Estero-based Hertz will sell off more EVs as it looks to reduce costs and right-size fleet
The News-Press· 1 day agoHertz has upsized its sale of electric vehicles, as it looks to improve its financial performance....
Hertz loses another $200 million from its EVs
Yahoo Finance· 2 days agoCar rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble. In its first quarter earnings report, Hertz said it “upsized...
Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades - Hertz Global...
Benzinga· 1 day agoHertz Global Holdings, Inc HRZ reported first-quarter FY24 sales growth of 1.6% year-on-year to...
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep...
Fortune via Yahoo Finance· 2 days agoHertz is hurting. The company was expecting a challenging first quarter, but it got more than it...