Core Insights - Hertz Global Holdings, Inc. has appointed Lauren Fritts as Senior Vice President and Chief Communications Officer, effective September 30, 2024, to enhance the company's global communications strategy [1][2] - Fritts brings nearly two decades of experience in communications and marketing, having previously served as Chief Corporate Affairs and Marketing Officer at WeWork, where she led a comprehensive global strategy [2][4] - Hertz aims to strengthen its brand narrative and corporate reputation under Fritts' leadership, focusing on operational performance and customer experience [2][3] Company Overview - Hertz operates the Hertz, Dollar, and Thrifty vehicle rental brands across multiple regions, including North America, Europe, and Asia, making it one of the largest vehicle rental companies globally [5] - The Hertz brand is recognized worldwide, and the company also owns the Firefly vehicle rental brand and Hertz 24/7 car sharing business [5]

ESTERO, Fla., Aug. 27, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) – one of the leading global rental car companies – announced that its Board of Directors is increasing the size of the Board from nine to 11 and is electing Mr. Francis "Frank" Blake and Ms. Lucy Clark Dougherty to serve as directors, effective today. Frank Blake, Hertz Board MemberFrank Blake, Hertz Board Member Lucy Clark Dougherty, Hertz Board MemberLucy Clark Dougherty, Hertz Board Member HertzHertz Blake is the retire ...

Hertz Global Holdings, Inc. (HTZ) reported $2.35 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.5%. EPS of -$1.44 for the same period compares to $0.72 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.48 billion, representing a surprise of -4.96%. The company delivered an EPS surprise of -19.01%, with the consensus EPS estimate being -$1.21. While investors scrutinize revenue and earnings changes year-over-year and how they compa ...

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.21. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -19.01%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $1.28, delivering a surprise of -184.44%. Over the last four quarters, the ...

"We're moving quickly with a best-in-class leadership team, a strategy laser-focused on delivering sustainable returns and elevating our operational performance across the business," said Gil West, Hertz CEO. "During the second quarter, we bolstered our liquidity to expedite our cost and revenue improvement initiatives and accelerate our fleet refresh to provide vehicles aligned with customer needs. We are at an exciting inflection point in our path to generate greater value for our customers, employees and ...

Core Viewpoint - Hertz Global Holdings, Inc. is facing a securities class action lawsuit for alleged violations of federal securities laws, including fraudulent misrepresentations and omissions regarding its business and operations, leading to significant investor losses [1]. Group 1: Allegations and Financial Impact - On January 11, 2024, Hertz announced the sale of approximately 20,000 electric vehicles from its U.S. fleet, which is about one-third of its global EV fleet, resulting in an expected $245 million incremental net depreciation expense in Q4 2023 [3]. - Following this announcement, Hertz's stock price dropped by $0.40 per share, or 4.28%, closing at $8.95 per share [3]. - On April 25, 2024, Hertz reported a first-quarter 2024 EPS of -$1.28, significantly below the consensus estimate of -$0.43 and worse than the adjusted diluted EPS of $0.39 from the same period the previous year [5]. - The company also disclosed a $588 million increase in vehicle depreciation, primarily due to deteriorating estimated forward residual values and disposition losses on internal combustion engine vehicles [5]. - Following the Q1 results announcement, Hertz's stock price fell by $1.12 per share, or 19.31%, closing at $4.68 per share [6]. Group 2: Leadership Changes - On March 15, 2024, Hertz announced the resignation of its CEO and Chairman of the Board, with a new CEO appointed shortly thereafter [4]. Group 3: Legal Proceedings - Investors affected by Hertz's alleged misconduct can seek to be appointed as lead plaintiffs in the class action lawsuit by July 30, 2024 [7]. - The class action complaint is filed in the United States District Court for the Middle District of Florida under the case name Doller v. Hertz Global Holdings, Inc., et al. [7].

If you suffered Hertz losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/hertz-globalholdings-inc?utm_source=PR&utm_medium=link&utm_campaign=htz&mktm=r On March 15, 2024, Hertz announced that its CEO and Chairman of its Board of Directors would resign from his roles by the end of the month, and that Hertz had subsequently appointed a new CEO. Hertz investors may, no later than July 30, 2024, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Hertz Global Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 30, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - A class action lawsuit has been filed against Hertz, alleging that the company made false and misleading statements regarding its financial health and vehicle management practices [9]. - The lawsuit claims that Hertz downplayed the financial impact of vehicle depreciation and overstated its ability to manage it, leading to significant losses [9]. - Investors who purchased Hertz securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [8]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience [2]. - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019, and has been consistently ranked among the top firms in securities class action settlements [2]. Group 3: Next Steps for Investors - Investors interested in joining the Hertz class action can do so by submitting a form or contacting the firm directly, with the lead plaintiff motion deadline set for July 30, 2024 [6]. - It is noted that until a class is certified, investors are not represented by counsel unless they retain one, and they can choose to remain absent from the class [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hertz Global Holdings, Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's business and financial health [1][2]. Summary by Relevant Sections Allegations Against Hertz - The complaint alleges that Hertz and its executives made materially false and misleading statements regarding the company's operations, including downplaying the financial impact of vehicle depreciation and overstating demand for electric vehicles (EVs) [2]. - Specific claims include that Hertz had too many vehicles in its fleet, particularly EVs, which would lead to significant losses on vehicle dispositions and negatively impact financial results [2]. Stock Price Impact - Following the news of the allegations, Hertz's stock price fell by $1.12 per share, or 19.31%, closing at $4.68 per share on April 25, 2024 [3]. - Additionally, on January 11, 2024, Hertz's stock price decreased by $0.40 per share, or 4.28%, closing at $8.95 per share [6]. Financial Disclosures - Hertz announced plans to sell approximately 20,000 EVs, which would result in a $245 million increase in net depreciation expense for the fourth quarter of 2023 [11]. - In its first quarter 2024 results, Hertz reported an adjusted diluted earnings-per-share of -$1.28, significantly below the consensus estimate of -$0.43, and a $588 million increase in vehicle depreciation, primarily due to losses on internal combustion engine (ICE) vehicles and EVs [11].

If you suffered Hertz losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/hertz-globalholdings-inc?utm_source=PR&utm_medium=link&utm_campaign=htz&mktm=r On January 11, 2024, Hertz revealed in a filing with the SEC that it would sell approximately 20,000 electric vehicles ("EVs") from its U.S. fleet, or about one-third of its global EV fleet, "to better balance supply against expected demand of EVs." According to Hertz, this would "result in the recognition, during the fourth quarter of 2023, ...