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Hertz Global (HTZ) Upgraded to Buy: Here's Why
ZACKS· 2026-02-06 18:02
Hertz Global Holdings, Inc. (HTZ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years ...
Hertz Expands Kyndryl-Led Tech Overhaul - Hertz Global Holdings (NASDAQ:HTZ)
Benzinga· 2026-01-23 15:43
Hertz Global Holdings, Inc (NASDAQ:HTZ) shares were trading higher in the premarket Friday after the company announced an expanded technology partnership. •  What’s ahead for HTZ stock?Infrastructure services provider Kyndryl Holdings (NYSE:KD) said it extended its collaboration with Hertz to modernize critical systems and operations, Benzinga reports.Kyndryl will continue working with Hertz under a five-year extension to advance the car rental giant’s technology ecosystem.The renewed agreement will leverag ...
Kyndryl Partners with Hertz on Technology Transformation
Prnewswire· 2026-01-23 14:00
NEW YORK, Jan. 23, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced a five-year extension to its agreement with The Hertz Corporation (NASDAQ: HTZ), one of the world's leading car rental and mobility solutions providers. Under the extension, Kyndryl will continue working with Hertz to advance Hertz's technology ecosystem by leveraging its Agentic AI Framework and Kyndryl Consult services. "As we continue to transform every part ...
Hertz Makes Holiday Travel Golden with Gold Squad's Final 2025 Stop at Newark Airport
Businesswire· 2025-12-18 17:31
Core Insights - Hertz is concluding its 2025 Gold Squad program at Newark Liberty International Airport, with plans to expand the program in 2026 [1][2][8] - The Gold Squad, consisting of trained Golden Retrievers, aims to provide comfort to travelers during the busy holiday season [3][5] - An increase in holiday travel is anticipated, with over 109 million Americans expected to travel, marking an increase of over two million from the previous year [3][8] Travel Trends - December 20 is projected to be the busiest rental car pick-up day nationwide [7] - Top 10 holiday rental hotspots include Orlando, Los Angeles, Atlanta, Miami, Phoenix, Newark, Dallas, Boston, Chicago, and Las Vegas [7] - Miami, Palm Springs, and Phoenix are experiencing the largest year-over-year increases in rental car demand [7] Hertz Services and Recommendations - Hertz encourages early reservations for better vehicle availability and selection [7] - Customers can add flight details to their reservations for monitoring delays [7] - Joining Hertz Gold Plus Rewards offers exclusive discounts and benefits [7] Company Overview - Hertz Global Holdings, Inc. is a leading car rental and mobility solutions provider with over 11,000 rental locations in 160 countries [9]
The Short List — Top 10 Most Shorted Stocks Right Now - Lucid Group (NASDAQ:LCID)
Benzinga· 2025-11-26 16:34
Core Insights - The article discusses heavily shorted stocks, highlighting the reasons traders engage in short selling and the potential for short squeezes [1][4][10] Group 1: Reasons for Heavy Shorting - Stocks become heavily shorted when experienced traders and institutional investors believe the company is fundamentally overvalued, anticipating a price decline [2][3] - Short sellers borrow shares, sell them at high prices, and aim to repurchase them at lower prices for profit [3] Group 2: Short Squeeze Dynamics - High short interest can attract bullish traders who see potential for rapid gains through short squeezes, where rising stock prices force short sellers to buy back shares, creating a feedback loop that drives prices higher [4][10] - The volatility associated with short squeezes can lead to returns that significantly exceed typical stock movements in a short time frame [5][10] Group 3: Most Shorted Stocks - As of November 26, the top 10 most shorted stocks include: - The Wendy's Co. (NASDAQ:WEN) - 55.36% - Cambium Networks Corp. (NASDAQ:CMBM) - 50.03% - Lucid Group, Inc. (NASDAQ:LCID) - 48.99% - Wolfspeed, Inc. (NYSE:WOLF) - 48.18% - Hertz Global Holdings, Inc. (NASDAQ:HTZ) - 44.67% - Sable Offshore Corp. (NYSE:SOC) - 38.59% - Replimune Group, Inc. (NASDAQ:REPL) - 38.39% - Hims & Hers Health, Inc. (NYSE:HIMS) - 38.12% - aTyr Pharma, Inc. (NASDAQ:ATYR) - 37.92% - Intellia Therapeutics, Inc. (NASDAQ:NTLA) - 37.85% [6][7]
The Short List — Top 10 Most Shorted Stocks Right Now
Benzinga· 2025-11-26 16:34
Core Insights - Heavily shorted stocks attract traders due to the potential for profit from a decline in value or a short squeeze [1][4] - A stock is considered heavily shorted when a significant number of traders believe it is overvalued and its price will fall [2][3] Short Selling Mechanics - Short sellers borrow shares, sell them at a high price, and aim to repurchase them at a lower price for profit [3] - High short interest indicates strong conviction among traders that a company faces serious risks [3] Short Squeeze Dynamics - A short squeeze occurs when a stock's price unexpectedly rises, forcing short sellers to buy back shares, which further drives up the price [4] - The volatility associated with short squeezes can lead to returns that exceed typical stock movements in a short time frame [5] Most Shorted Stocks - The top 10 most shorted stocks as of November 26 include: - The Wendy's Co. (NASDAQ:WEN) - 55.36% - Cambium Networks Corp. (NASDAQ:CMBM) - 50.03% - Lucid Group, Inc. (NASDAQ:LCID) - 48.99% - Wolfspeed, Inc. (NYSE:WOLF) - 48.18% - Hertz Global Holdings, Inc. (NASDAQ:HTZ) - 44.67% - Sable Offshore Corp. (NYSE:SOC) - 38.59% - Replimune Group, Inc. (NASDAQ:REPL) - 38.39% - Hims & Hers Health, Inc. (NYSE:HIMS) - 38.12% - aTyr Pharma, Inc. (NASDAQ:ATYR) - 37.92% - Intellia Therapeutics, Inc. (NASDAQ:NTLA) - 37.85% [6][7] Market Implications - Highly shorted stocks represent a battleground between negative fundamentals and speculative trading [10] - Monitoring short interest can help identify potential short squeeze opportunities, though timing remains challenging [10]
Vehicle recalls weigh on US rental operators’ earnings outlook: Fitch
Yahoo Finance· 2025-11-17 08:00
Core Insights - Significant vehicle recalls in the U.S. are creating near-term earnings and operational challenges for car rental operators, potentially delaying margin recovery due to fleet modernization strategies being undermined [1][3] Vehicle Recalls - The U.S. Department of Transportation reported approximately 9.8 million vehicle recalls in Q3 2025, the highest level since early 2024 [2] - Ford accounted for around 55% of the affected units during the quarter, with increased vehicle complexity and supply chain interdependencies contributing to the challenges faced by rental operators [3] Operational Impact - Rental operators are disproportionately affected due to reliance on recently manufactured vehicles, with Avis reporting 5% of its Americas fleet under recall compared to Hertz's 2% [5] - Two-thirds of Avis's recalled vehicles were awaiting parts, which reduced utilization and increased fleet costs, while Hertz achieved a utilization rate of 84% in the quarter [5] Financial Guidance and Market Conditions - Both Hertz and Avis have lowered guidance due to recall uncertainty, government shutdown impacts, and system outages [6] - Fitch suggested that recall-driven supply constraints may support pricing discipline, potentially offsetting revenue pressures, with expectations for EBITDA margins to return to single-digit levels in 2026 [6] Liquidity Position - Hertz reported $2.2 billion in corporate liquidity at the end of Q3, while Avis held $1 billion, both supported by vehicle borrowing capacity [7] - Avis faces no corporate refinancing until July 2027, while Hertz has $500 million in senior unsecured notes maturing in December 2026, partially addressed through a $375 million exchangeable notes issuance in September 2025 [7]
Jim Cramer on Hertz: “It Has Been a Contrary Name”
Yahoo Finance· 2025-11-13 17:09
Core Insights - Hertz Global Holdings, Inc. (NASDAQ:HTZ) has 95% of its shares owned by insiders, hedge funds, and institutions, and recently reported a positive EPS for the first time in nearly two years, indicating potential recovery and interest in the stock [1] - Jim Cramer expressed a cautious but open-minded approach towards Hertz, acknowledging its contrary nature and the positive recommendation from a caller [1] - The stock has experienced a significant run, but Cramer advised caution, suggesting investors consider taking profits or at least recouping their cost basis [2] Company Overview - Hertz provides vehicle rental services under the Hertz, Dollar, and Thrifty brands, along with vehicle sales and additional services [2] - The company has been highlighted in discussions regarding investment opportunities, particularly in relation to notable investors like Bill Ackman [2] Investment Perspective - While Hertz shows potential as an investment, there are opinions that certain AI stocks may offer greater upside potential with less downside risk [2]
Tesla's new plan to get cars out of showrooms takes on Hertz
Fastcompany· 2025-11-11 11:11
Core Viewpoint - Tesla is entering the rental car market, indicating a strategic expansion beyond its traditional automotive sales model [1] Group 1: Company Strategy - The move into the rental car market represents Tesla's diversification strategy aimed at increasing revenue streams [1] - This initiative may enhance Tesla's brand visibility and customer engagement by allowing potential buyers to experience the vehicles before making a purchase [1] Group 2: Market Implications - The entry into the rental car sector could intensify competition with established rental companies and other automotive manufacturers exploring similar avenues [1] - This shift may also reflect broader trends in the automotive industry towards mobility solutions and shared vehicle services [1]
Hertz Global (HTZ) Zooms Past 28% on Q3 Blowout
Yahoo Finance· 2025-11-09 17:41
Core Insights - Hertz Global Holdings, Inc. (NASDAQ:HTZ) experienced a significant share price increase of 28.26% week-on-week, driven by strong earnings performance in Q3 [1] - The company reported a profit of $184 million in Q3, a notable recovery from a $1.3 billion net loss in the same period last year [1] - Adjusted EBITDA for Hertz stood at $43 million, a turnaround from a loss of $208 million in the comparable period, attributed to disciplined operational execution and improved fleet economics [2] - Despite the positive earnings, revenues decreased by 4% to $2.48 billion from $2.58 billion year-on-year [3] - CEO Gil West emphasized the company's commitment to delivering strong results through focused execution and operational discipline [3] - The company is undergoing a transformation aimed at rebuilding its foundation and enhancing its capabilities for future growth [4]