About HertzCopy link to section
What is Hertz?Copy link to section
Hertz is a car rental company that has operated for over 100 years. Headquartered in Estero, Florida, it is one of the largest car rental companies in the world. It owns several well-known brands, including Dollar, Thrifty, and firefly, in addition to its flagship Hertz brand.
The company offers a wide range of vehicles to rent to individual and corporate customers and, in the United States alone, has a share of two-thirds of the car rental market. In May 2020, Hertz filed for Chapter 11 bankruptcy due to the impact the Covid-19 pandemic had on its business. In July 2021, it managed to revive its business and pull itself out of bankruptcy.
How does Hertz make money?Copy link to section
Hertz has multiple revenue streams, although it primarily makes money by renting out its vehicles to customers. It charges a fee to use one of its vehicles, which can vary depending on the type of vehicle, the length of the rental period, and the location where the rental takes place.
It also earns money by selling its used cards and through additional services such as insurance and roadside assistance. The company has recently expanded into offering fleet management services to corporate customers and renting cars on a very short term basis.
What is Hertz’s best selling service?Copy link to section
The company’s biggest revenue earner is by far its car rental business, which in 2022 generated $8.8 billion of its total $11.2 billion in revenue. Its remaining revenue in 2022 came from its fleet management division, other services division, and through the sale of used cars.
Who are the key executives at Hertz?Copy link to section
Paul Stone is the current president of Hertz Corporation. Here’s a list of other key executives at the company.
- Paul E. Stone. President
- Kenny K. Cheung. CFO & Exec. VP
- Darren Richard Arrington. Exec. VP of Revenue Management & Fleet Operations
- Stephen M. Scherr. CEO & Chairman
- Alexandra Dawn Brooks. Sr. VP & Chief Accounting Officer
- Timothy M. Langley-Hawthorne. Exec. VP & Chief Information Officer
- Johann Rawlinson. VP of Investor Relations
- Colleen R. Batcheler. Exec. VP, Gen. Counsel & Sec.
- Laura C. Smith. Exec. VP of Sales & Customer Experience Officer
- Wayne Davis. Exec. VP & Chief Marketing Officer
Where can I buy shares in Hertz?Copy link to section
You can buy Hertz stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor, you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Hertz?Copy link to section
The simplest way to invest in Hertz is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
More about the HTZ priceCopy link to section
What is the Hertz stock price today?Copy link to section
The HTZ stock price today is currently $15.38 as of 20 March, 2023. The price of Hertz is up 27.36% over the past 52 weeks. You can use the live Hertz stock chart to track the NASDAQ:HTZ price in real time above, or compare the Hertz value today to its past performance using the Hertz financials tab at the top of this page.
What is the 52-week low for Hertz stock?Copy link to section
The 52-week low for Hertz stock is $14.49. HTZ stock is currently 6.24% above the 52-week low.
What is the 52-week high for Hertz stock?Copy link to section
The 52-week high for Hertz stock is $24.35. HTZ stock is currently 34.13% below the 52-week high.
What is the stock forecast for Hertz?Copy link to section
The average Hertz stock forecast has a price target of $23.00 by the end of 2023. Hertz’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.
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FAQsCopy link to section
Hertz’s market capitalisation is $5.23 billion. This is calculated by multiplying the number of shares that have been issued by the current HTZ share price. Another way of measuring this is enterprise value, which includes Hertz’s debt obligations. Hertz’s enterprise value is $20.19 billion.
Hertz was first listed on the New York Stock Exchange via an initial public offering (IPO) in 1925. At the time, the company was owned by John Hertz. Since then, it has gone through several ownership changes. Following its 2020 bankruptcy filing, it had an IPO and was listed on the Nasdaq in November 2021 while raising $1.29 billion.
The largest holder of Hertz stock is Knighthead Capital Management, Llc, which owns 38.39% of the company. The second largest holder is the Vanguard Group, with a 3% stake in the business.
Its biggest competitors are other car rental companies such as the ones below:
- Enterprise. Enterprise.com is one of the world’s largest rental companies
- Avis. Avis is another car rental company
- Budget. Budget.com is a car rental company that operates mainly in the USA.
No, it was only listed on the Nasdaq in 2021 and it’s price has not reached levels where a stock split is a good decision.
Hertz reports earnings four times per year at quarterly intervals. It usually reports at the end of each quarter in March, June, September, and December.
No, Hertz does not pay dividends.
Latest Hertz newsCopy link to section
Recent Hertz analysisCopy link to section
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