We recently published 10 Stocks Soaring Past Expectations. Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the big names that led last week’s charge. Hertz Global saw its share prices soar by 28.26 percent week-on-week as investors took path from an impressive earnings performance in the third quarter of the year. The company earlier this week reported a profit of $184 million in the third quarter of the year, reversing a $1.3 billion net loss in the same period last year. Adjusted EBITDA stood at $4 ...

As you probably know, Hertz is one of the biggest car rental companies in the world, running the Hertz, Dollar, andI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...

Spirit Airlines said on Wednesday it would cut about 150 salaried roles, and discontinue service at five airports, including Milwaukee and Phoenix, by January as the low-cost carrier aims to turn itse... ...

Hertz (HTZ) stock soared nearly 40% on Nov. 4 after the vehicle rental and mobility services giant reported its first profitable quarter in more than two years. Investors are cheering HTZ primarily because its Q3 earnings release suggests the management’s comprehensive “Back-to-Basics” strategy is beginning to deliver on its promises. More News from Barchart Despite the post-earnings rally, Hertz stock remains down over 35% versus its YTD high in April. www.barchart.com Is Hertz Stock Worth Buying Int ...

We recently published 10 Firms Stealing Market Spotlight Amid Bloodbath. Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the best-performing stocks on Tuesday. Hertz Global saw its share prices jump by 36.23 percent on Tuesday to close at $6.73 apiece following an impressive earnings performance in the third quarter of the year. In an updated report, Hertz Global Holdings, Inc. (NASDAQ:HTZ) said it swung to a net income of $184 million from a $1.3 billion net loss in the same period last year. Adjust ...

All right. I want to start with Palantir, ticker TR. Their shares have been down as much as 8%.So the thing is, it topped analysts estimates for third quarter sales raise its annual revenue outlook. Palantir reported revenue above estimates for 21 consecutive quarters. So here's the thing.It's valuation coming into question. And investors worried if the A. I.rally is sustainable. Now, a big part of that, though, it's coming from hedge fund manager Michael Burry. Now he has bearish wagers on Palantir, also o ...

Palantir - Palantir's shares have decreased by as much as 8% despite topping analysts' estimates for third-quarter sales and raising its annual revenue outlook, marking 21 consecutive quarters of revenue above estimates [1][2] - The company's stock has surged over 170% this year, closing at a record high, but its price-to-sales ratio stands at 85, the highest in the S&P 500 index, raising concerns about valuation sustainability [2] - Investors are seeking more guidance for the upcoming year, particularly for 2026, indicating a desire for clearer future expectations [3] Hertz - Hertz's stock has increased by 25% after swinging to a third-quarter profit, aided by lower depreciation costs and a strategy of replacing older cars with newer models [4] - The company reported a net income of $184 million, or $0.42 per share, compared to a loss of $1.33 billion, or $4.34 per share, in the previous year [5] Uber - Uber's earnings exceeded estimates, but the stock faced a decline due to a miss on third-quarter operating income and an adjusted earnings forecast that fell short of expectations [7] - The company experienced its strongest quarterly growth since late 2023, with total bookings growing by 21% to $49.7 billion for the quarter, surpassing estimates [8] iHeartMedia - iHeartMedia's shares rose by as much as 30% following reports that Netflix is in talks to license video podcasts distributed by iHeartMedia, positioning it in competition with YouTube [9]

Core Insights - Hertz Global Holdings has achieved its first quarterly profit in over two years, indicating a significant turnaround for the rental car company [1] - The company attributes this success to effective cost controls and an updated vehicle fleet [1] Financial Performance - Hertz reported a quarterly profit, marking a notable recovery from previous financial struggles [1] - The improvement in profitability is linked to strategic management decisions and operational efficiencies [1] Operational Changes - The company has implemented cost control measures that have positively impacted its financial results [1] - An investment in a newer vehicle fleet has contributed to enhanced service offerings and customer satisfaction [1]

Hertz Global Holdings, Inc. (HTZ) shares jumped 37.55 percent to $6.80 on Tuesday's trading after the company reported a return to profit for the third quarter.The company posted net income of $184 million, or $0.42 per share, compared with a loss of $1.33 billion, or $4.34 per share, a year earlier. Revenue declined 4 percent to $2.48 billion from $2.58 billion in the same quarter last year.The stock opened at $5.73 and traded between $5.60 and $7.12 during the session on the Nasdaq. It was last seen at $ ...

Core Insights - Bill Ackman has taken a $104 million position in Hertz Global Holdings Inc, which represents 0.76% of Pershing Square Capital's portfolio, drawing parallels to his previous investment in Chipotle Mexican Grill Inc [1][2] - Hertz recently reported its first profit in nearly two years, posting earnings of 12 cents per share on $2.48 billion in revenue, leading to a 40% surge in stock price [4][6] Investment Strategy - Ackman's investment strategy involves identifying undervalued companies that appear unsalvageable but possess strong fundamentals, similar to his approach with Chipotle [3][5] - Hertz, once viewed as a pandemic-era bankruptcy case, is now under new CEO Gil West, who is implementing a "back-to-basics" strategy focused on cost-cutting and operational efficiency [4][6] Market Perception - The market currently perceives Hertz as a meme stock, while Ackman views it as a cash-flow machine undergoing rehabilitation, indicating a potential for significant returns if the company's turnaround continues [7]