Avis Budget gains after analysts favor the car rental stock over Hertz [Seeking Alpha]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.hertz.com
Company Research
Source: Seeking Alpha
J.P. Morgan cut its rating on Hertz ( HTZ ) to Neutral from Overweight. Analyst Ryan Brinkman warned that the company continues to work to extract itself from a failed electric vehicle strategy which has led to an estimated $500M of losses thus far stemming from the depreciating value of used EVs to higher collision repair costs and lower utilization resulting from a paucity of available spare parts to repair damaged Teslas. "We believe the company remains inexpensive on normalized earnings but do not expect the firm to approach normalized earnings until sometime beyond 2025 and believe also that 2024 is likely to prove a transition year with a decline in underlying EBITDA (after excluding the one-time charge in 4Q23) and that the company is unlikely to generate positive free cash flow in 2024 also, leading to an inability to capitalize upon its now lower share price via repurchases." Deutsche Bank also lowered Hertz Global ( HTZ ) on Thursday, shifting to a Hold rating from Buy.
Show less
Read more
Impact Snapshot
Event Time:
HTZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HTZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HTZ alerts
High impacting Hertz Global Holdings, Inc news events
Weekly update
A roundup of the hottest topics
HTZ
News
- Hertz says it lost another $195M from EV bet [FOX Business Network]FOX Business Network
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hertz Global Holdings, Inc. - HTZAccesswire
- Hertz Global Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- More used Teslas are about to flood the market. [Verge, The]Verge, The
- Why Hertz Stock Plunged Today [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 4/25/24 - Miss
HTZ
Sec Filings
- 4/22/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- HTZ's page on the SEC website