Hertz Global Holdings 株価情報 (NASDAQ: HTZ)

最新ニュース Hertz Global Holdings (NASDAQ:HTZ) 株価情報

Hertz Global Holdings

Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Hertz Global Holdings, Inc - Common Stock

Hertz Global Holdings Inc

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Tuesday.
Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) rose sharply <a href="https://www.benzinga.com/quote/ACAD">during Tuesday's session</a>.
Acadia Pharmaceuticals will replace Independent Bank Group in S&amp;P SmallCap 600, effective prior to opening of trading on Jan. 3, 2025.
ACADIA Pharmaceuticals shares jumped 11.9% to $18.67 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Almacenes Éxito S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXTO#NYSE">EXTO</a>) shares jumped 20.7% to $3.62.</li>
<li>zSpace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) gained 18.7% to $17.75.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares rose 14.8% to $145.27. On Monday, the company launched a strategic capital initiative in partnership with institutional investors.</li>
<li>SiriusPoint Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPNT#NYSE">SPNT</a>) gained 14.6% to $16.27. SiriusPoint announced full repurchase of CM Bermuda shares.</li>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) gained 13% to $11.30.</li>
<li>GDEV Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEV#NASDAQ">GDEV</a>) rose 8.6% to $20.10.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) gained 8.3% to $3.8350.</li>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) rose 4.4% to $9.15.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42739172/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 4% Dividend Yields</a></li>
</ul>

News

Intraday Update

Markets

Movers

Trading Ideas

ACAD

EXTO

FTAI

GDEV

SPNT

ZSPC

Acadia Pharmaceuticals, FTAI Aviation And Other Big Stocks Moving Higher On Tuesday

As we wrap up the week, a series of intriguing developments have unfolded in the electric vehicle industry. From Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) selling used EVs at substantial discounts to Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) donating a fleet of vehicles for Trump&#8217;s inauguration, the news cycle has been anything but dull. Let&#8217;s dive into the top stories.
Hertz Trims Fleet with Discounted EVs
In a bid to reduce its fleet, car rental company Hertz has been selling used electric vehicles for as low as nearly $12,000. The discounted EVs include models from Chevrolet, Tesla, and Subaru. For example, a 2023 Chevrolet Bolt EV in Denver is listed for sale on Hertz&#8217;s website for $11,985, while a 2022 Tesla Model 3 base sedan in Oklahoma is priced at $17,921.
<a href="https://www.benzinga.com/24/12/42666220/hertz-sells-used-evs-including-chevrolet-bolt-tesla-model-3-for-whopping-discounts-in-bid-to-reduce-evs-in-fleet">Read the full article here.</a>
Ford Donates to Trump&#8217;s Inauguration
Automaker Ford has donated $1 million and a fleet of vehicles to Donald Trump&#8217;s inauguration fund. This donation matches totals from Amazon.com Inc. and Meta Platforms Inc., as well as a recent $1 million pledge from OpenAI CEO Sam Altman.
<a href="https://www.benzinga.com/24/12/42660866/trump-gets-ford-vehicles-1m-for-inauguration-will-musk-respond-or-could-he-ride-in-rival-vehicle">Read the full article here.</a>
Fund Manager Questions Musk&#8217;s Robotaxi Fleet Ambitions 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk envisions a future where Tesla car owners can rent their vehicles to the company&#8217;s robotaxi fleet, likened to a combination of Airbnb and Uber. However, Future Fund Managing Partner Gary Black doubts that a majority of Tesla owners would want to participate in this scheme.
<a href="https://www.benzinga.com/24/12/42642606/elon-musk-wants-to-raise-a-tesla-fleet-expert-estimates-vehicle-owners-can-make-40kyear-but-remains-doubtful">Read the full article here.</a>
Tesla&#8217;s Recall Costs
Tesla executive Sendil Palani expressed frustration over the cost of notifying customers about the company&#8217;s recent recall. Palani criticized the mandate of sending letters to affected owners as a waste of time and money.
<a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles">Read the full article here.</a>
Musk&#8217;s Bold Tesla Valuation
Elon Musk believes that Tesla could exceed the value of all transport companies, with the exception of his rocket manufacturing company SpaceX. However, he noted that achieving this would require a lot of work and good ideas.
<a href="https://www.benzinga.com/24/12/42667044/teslas-valuation-could-exceed-all-transport-companies-but-spacex-ceo-elon-musk">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42680075/tesla-exec-says-we-will-be-ready-to-efficiently-produce-autonomous-vehicles-as-shanghai-megafactory-nears-completion?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Exec Says &#8216;We Will Be Ready&#8217; To Efficiently Produce Autonomous Vehicles As Shanghai Megafactory Nears Completion</a></li>
</ul>
Image generated using AI tools
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Tech

TSLA

Hertz's EV Sale, Ford Donates to Trump's Inauguration, Fund Manager Questions Musk's Robotaxi Fleet Ambitions And More: This Week In Mobility

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Major U.S. indexes ended the week higher, with the Dow up 0.4%, S&amp;P 500 gaining 0.7%, and Nasdaq rising 0.8%, breaking a three-week decline streak. 
The S&amp;P 500&#8217;s strong Christmas Eve performance fueled hopes for a &#8220;Santa Rally,&#8221; a historical trend showing gains 64 out of 96 years during <a href="https://www.benzinga.com/general/education/24/12/42675763/santa-rally-serial-winners-10-stocks-historically-poised-for-big-year-end-gains">December&#8217;s final week. </a>Markets started recovering from the Fed&#8217;s hawkish rate cut signals but faced renewed volatility Friday, tempering Santa Rally expectations. 
Despite near-term uncertainty, 2024 remains exceptional, with the S&amp;P 500 matching last year&#8217;s 24% gain and U.S. stocks outperforming global markets by the <a href="https://www.benzinga.com/24/12/42711387/wall-streets-santa-rally-at-risk-palantir-dethrones-nvidia-consumer-confidence-pulls-back-this-week-in-the-markets">widest margin since 1997.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/24/12/42657620/amd-and-micron-top-analyst-picks-for-ai-and-next-gen-tech-growth">AMD And Micron Are Top Analyst Picks For AI And Next-Gen Tech Growth</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, highlights Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) being a top 2025 analyst&#8217;s pick for CPU/GPU momentum and AI edge opportunities, and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) for its dominance in high-bandwidth memory.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42676474/dogecoin-whales-load-up-coins-worth-92-million-over-4-days-as-meme-king-outperforms-bitcoin-ethereum-in-2024">Dogecoin Whales Load Up Coins Worth $92 Million Over 4 Days As Meme King Outperforms Bitcoin, Ethereum In 2024</a>,&#8221; by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal">Shivdeep Dhaliwal</a>, reports that whale investors acquired 270 million Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), worth $92 million, over four days, boosting DOGE's 274% YTD rally, far outpacing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gains of 132% and 53%, respectively.
&#8220;<a href="https://www.benzinga.com/24/12/42698198/quantum-computing-stock-qubt-has-more-than-doubled-while-bitcoin-has-dropped-since-googles-willow-reveal-what-does-this-mean">Quantum Computing Stock QUBT Soars 157% While Bitcoin Drops Post Google's &#8216;Willow&#8217; Reveal</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) surging after Google's &#8220;Willow&#8221; chip breakthrough, outperforming key indices, while Bitcoin faced a downturn amid concerns Willow&#8217;s quantum power could undermine cryptographic security.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678014/top-7-blue-chip-stocks-with-the-best-return-potential-going-into-2025">Top 7 Blue-Chip Stocks With The Best Return Potential Going Into 2025</a>
<a href="https://www.benzinga.com/tech/24/12/42666472/gms-60000-cadillac-lyriq-was-its-best-selling-ev-in-2024-as-of-q3-is-premium-the-way-to-go-for-ev-makers">GM&#8217;s $60,000 Cadillac Lyriq Was Its Best Selling EV In 2024 As Of Q3: Is Premium The Way To Go For EV Makers?</a>
<a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42672565/why-trumps-return-to-office-could-drive-gold-demand-in-2025">Why Trump&#8217;s Return To Office Could Drive Gold Demand In 2025</a>
The Bears
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42660092/microstrategy-sinks-after-nasdaq-100-inclusion-bitcoin-bet-under-fire">MicroStrategy Sinks After Nasdaq 100 Inclusion: Bitcoin Bet Under Fire</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares dropping 8.5% after its Nasdaq 100 debut, as analysts question its $561 million Bitcoin purchase at a 12% premium to current levels, marking its smallest acquisition amid declining stock performance.
&#8220;<a href="https://www.benzinga.com/government/regulations/24/12/42688941/are-us-vehicles-under-30000-a-thing-of-the-past-trumps-mexico-tariff-plans-could-change-auto-market">Are Sub-$30,000 Cars Disappearing? Trump&#8217;s Tariff Plans Could Reshape US Auto Market</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, explores Donald Trump's proposed 25% tariffs on Mexican and Canadian imports, potentially pushing the price of vehicles like Ford Motor Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) Maverick and Honda Motor Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) Civic above $30,000, with one-third of sub-$30,000 cars currently made in Mexico.
&#8220;<a href="https://www.benzinga.com/24/12/42665033/tesla-shorts-gordon-johnson-and-james-chanos-express-skepticism-on-robotaxi-potential-as-usage-data-sparks-debate">Tesla Shorts Gordon Johnson And James Chanos Skeptical Of Robotaxi Potential Amid Usage Data Debate</a>,&#8221; by <a href="https://www.benzinga.com/author/kaustubh-bagalkote">Kaustubh Bagalkote</a>, details criticism from Gordon Johnson of GLJ Research and short-seller James Chanos, who argue Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) robotaxi ambitions overpromise revenue potential, citing New York City ride-share data.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/24/12/42676801/lyft-sues-san-francisco-over-100-million-tax-bill-citing-misclassification-of-driver-payments">Lyft Sues San Francisco Over $100 Million Tax Bill, Says Payments To Drivers By Passengers Misclassified</a>
<a href="https://www.benzinga.com/24/12/42700098/us-markets-likely-headed-for-10-correction-says-jay-woods-trumps-tariff-plans-musk-co-led-doge-could-be-partially-to-blame">US Markets Likely Headed For 10% Correction, Says Jay Woods: Trump&#8217;s Tariff Plans, Musk&#8217;s DOGE Advocacy Among Contributing Factors</a>
<a href="https://www.benzinga.com/news/legal/24/12/42687945/zelle-became-a-gold-mine-for-fraudsters-consumer-financial-protection-bureau-lawsuit">&#8216;Zelle Became A Gold Mine For Fraudsters&#8217;: Consumer Financial Protection Bureau Lawsuit</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Long Ideas

Short Sellers

Short Ideas

$BTC

$DOGE

$ETH

AAPL

DOGE

MSTR

QUBT

Benzinga Bulls And Bears: Quantum Computing, Tesla, AMD — And Whales Buy 270 Million Dogecoin Over 4 Days

Car rental company Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) is selling used electric vehicles for as low as nearly $12,000 in a bid to offload them from its fleet.
What Happened: A used model year 2023 Chevrolet Bolt EV in Denver is listed for sale on the company website for $11,985. While most of the low-priced EVs are Chevrolet Bolts, the company has also listed EV models from rival brands such as Tesla and Subaru.
For instance, a model year 2022 Tesla Model 3 base sedan in Oklahoma is priced at $17,921 on Hertz&#8217;s website. The model year 2023 Subaru Solterra Premium SUV in Denver, meanwhile, is priced at $20,581.
The website has 199 electric vehicles listed for sale, the highest priced of which is a Ford Mustang Mach-E GT SUV in Phoenix which has traveled barely 4000 miles. The vehicle is priced at $65,000 on Hertz&#8217;s website. 
The Mach-E, in fact, accounts for over half of the EVs listed for sale on the company website. The vehicle&#8217;s premium variant has a starting price of around $59,000. 
Hertz is also reportedly sending cheap buyout options to rental customers, as flagged by a Reddit user. The screenshot shared by the user shows Hertz pitching the model year 2023 Model 3 to the renter for $17,913. The vehicle had reportedly traveled less than 30,000 miles, making the offer a steal deal. A brand new Model 3 in the U.S. starts at $42,490 without offers. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="924" height="676" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021024/image-194.png" alt="" class="wp-image-705423" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021024/image-194.png 924w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021024/image-194-300x219.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021024/image-194-768x562.png 768w" sizes="(max-width: 924px) 100vw, 924px" /></figure>
Why It Matters: Earlier this year, Hertz announced that it is&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36606533/tesla-bulls-at-odds-after-hertzs-ev-selloff-blow-for-musks-company-or-black-eye-mom" target="_blank" rel="noreferrer noopener">looking to reduce its EV fleet by 20,000 units</a>&nbsp;through 2024, citing high repair costs and depreciation as the driving factor. However, at the company's first-quarter earnings call in April, then company COO&nbsp;Justin Keppy&nbsp;said that it has increased the EV disposal plan by another 10,000 units, taking the total number of EVs it intends to remove to 30,000. 
"Upon completion, we anticipate that the remaining EV fleet will be better aligned with attractive demand for EVs with a priority on our rideshare business," <a href="https://www.benzinga.com/news/24/04/38453221/another-blow-to-tesla-hertzs-ev-disposal-plan-jumps-by-10k-as-car-rental-company-aims-for-95-gas-pow">Keppy then said.</a> 
The company then also said that it expects to see the benefits of reducing EVs from the fleet in the second half and for EVs deployed outside of rideshare to comprise just about 5% of its global fleet as of the end of 2024.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42665617/hyundai-ev-owners-can-charge-on-tesla-supercharger-network-starting-q1-2025">Tesla Supercharger Network Opens Up For Hyundai EV Owners Starting Q1 2025</a></li>
</ul>
Photo courtesy: Shutterstock

Hertz Sells Used EVs Including Chevrolet Bolt, Tesla Model 3 For As Low As $12,000 As It Looks To Trim Its Fleet

AAA expects record-setting travel numbers for Thanksgiving 2024 with an estimated 79.9 million travelers, up 2% from the previous record set last year. Here's what to know Tuesday before hitting the road later this week <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">for the holiday. </a>
What To Know: AAA attributes the staggering number of travelers to economic growth, declining inflation and strong income gains, which it sees boosting consumer spending by 4.6% compared to last Thanksgiving.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts &#8216;Already Regret Their Decision&#8217;</a>
"We expect to see record travel numbers across the board," said Debbie Haas, vice president of Travel for AAA – The Auto Club Group. 
"With more people taking to the roads, skies, rails and sea; travelers should expect congested roads and longer lines at transportation terminals," Haas added. 
On The Road: AAA <a href="https://newsroom.acg.aaa.com/aaa-record-number-of-travelers-expected-to-travel-for-thanksgiving/#">projects more than</a> 71 million travelers will take a road trip over Thanksgiving which would beat the previous record set in 2019 by 1.1 million travelers.&nbsp;
Drivers fueling up at Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) or Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) gas stations can expect significantly lower prices than last year with gas hovering near $3 per gallon. The national average is $3.01 per gallon, according to GasBuddy. 
Read Next: <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a>
"As Americans prepare to hit the road for Thanksgiving, we're seeing the lowest national average price of gasoline since 2021, with a far better economic picture than when gas prices were last this low," GasBuddy said in its <a href="https://www.gasbuddy.com/go/2-cents-shy-of-2-99-national-average-declines-for-6th-straight-week">weekly report</a>.&nbsp;
For travelers looking to rent a car at their destination, Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) says Atlanta, Las Vegas, Los Angeles, Miami, Oahu, Orlando and Phoenix are the cities with the highest rental demand for the Thanksgiving holiday. The busiest car pick-up day is expected to be the Wednesday before Thanksgiving, and the busiest rental return days will be the Monday and Tuesday after the holiday.
In The Air: The Transportation Security Administration (TSA) said that it is "prepared for the busiest Thanksgiving travel period on record." The TSA expects to screen 18.3 million people from Tuesday, Nov. 26 to Monday, Dec. 2, representing a volume increase of approximately 6% over the 2023 Thanksgiving holiday.
"As we approach Thanksgiving, TSA is ready to accommodate record passenger volumes," said TSA Administrator David Pekoske.
&nbsp;"The 10 busiest travel days in TSA's history have all occurred in 2024, and we anticipate that trend to continue," Pekoske added.&nbsp;
Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) said <a href="https://news.delta.com/numbers-thanksgiving-holiday-travel-delta">it is expecting</a> 6.5 million customers this Thanksgiving holiday travel period, up 5% from one year ago, and reminds travelers to arrive early and anticipate larger crowds at security checkpoints and in the airport terminals. 
Eyes On The Skies: Americans are preparing for what could be the busiest travel week on record, but weather conditions may not cooperate in some parts of the country.  According to an AP <a href="https://apnews.com/article/thanksgiving-holiday-travel-airports-roads-38cfcfe5f9d7b19fdc9d843827ed21f9">report</a>, an Arctic blast is taking aim at the Midwest and a nor'easter will move up the East Coast bringing cold and wet conditions that could disrupt travel over the holiday weekend. 
"The system doesn't look like a powerhouse right now," Hayden Frank, a meteorologist with the weather service in Massachusetts, said Sunday. "Basically, this is going to bring rain to the I-95 corridor so travelers should prepare for wet weather. Unless the system trends a lot colder, it looks like rain."
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Jan Vašek from Pixabay

Travel

General

Thanksgiving Travel Preview: AAA Expects Record Numbers, TSA Braces For Busiest Day Ever, Arctic Weather Blast

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$7.00</td>
<td>$28.4K</td>
<td>14.5K</td>
<td align="right">978</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$80.6K</td>
<td>5.9K</td>
<td align="right">552</td>
</tr>
<tr>
<td>JOBY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.50</td>
<td>$39.0K</td>
<td>12.4K</td>
<td align="right">239</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$130.00</td>
<td>$206.0K</td>
<td>4</td>
<td align="right">200</td>
</tr>
<tr>
<td>RDW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.00</td>
<td>$38.0K</td>
<td>1.0K</td>
<td align="right">107</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$230.00</td>
<td>$39.2K</td>
<td>206</td>
<td align="right">76</td>
</tr>
<tr>
<td>HTZ</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$126.5K</td>
<td>23</td>
<td align="right">50</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$140.00</td>
<td>$38.4K</td>
<td>1.0K</td>
<td align="right">45</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$480.00</td>
<td>$38.8K</td>
<td>7</td>
<td align="right">43</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$70.00</td>
<td>$60.8K</td>
<td>2.9K</td>
<td align="right">32</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we notice a call option trade that happens to be neutral, expiring in 416 day(s) on January 16, 2026. This event was a transfer of 98 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $290.0 per contract. There were 14506 open contracts at this strike prior to today, and today 978 contract(s) were bought and sold. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a call option sweep with bearish sentiment. It expires in 52 day(s) on January 17, 2025. Parties traded 109 contract(s) at a $20.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $80.6K, with a price of $740.0 per contract. There were 5995 open contracts at this strike prior to today, and today 552 contract(s) were bought and sold. 
• For JOBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), we notice a call option trade that happens to be bearish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 150 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $260.0 per contract. There were 12415 open contracts at this strike prior to today, and today 239 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option sweep with bullish sentiment. It expires in 388 day(s) on December 19, 2025. Parties traded 200 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $206.0K, with a price of $1030.0 per contract. There were 4 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For RDW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>), we notice a call option trade that happens to be bearish, expiring in 24 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 1051 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a call option trade with neutral sentiment. It expires in 142 day(s) on April 17, 2025. Parties traded 37 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $1060.0 per contract. There were 206 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
• Regarding HTZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), we observe a put option trade with neutral sentiment. It expires in 416 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $126.5K, with a price of $2531.0 per contract. There were 23 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option trade with bearish sentiment. It expires in 115 day(s) on March 21, 2025. Parties traded 19 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $38.4K, with a price of $2025.0 per contract. There were 1099 open contracts at this strike prior to today, and today 45 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a put option sweep that happens to be bearish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 16 contract(s) at a $480.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.8K, with a price of $2430.0 per contract. There were 7 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a call option trade that happens to be bullish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $60.8K, with a price of $6080.0 per contract. There were 2923 open contracts at this strike prior to today, and today 32 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ACHR

JOBY

RKLB

10 Industrials Stocks With Whale Alerts In Today's Session

<h3>Gainers</h3>
<ul>
<li>Triumph Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) shares increased by 21.7% to $19.8 during Tuesday's pre-market session. The company's market cap stands at $1.5 billion. The company's, Q2 earnings came out today. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) shares moved upwards by 17.14% to $4.1. The company's market cap stands at $217.9 million. The company's, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 13.23% to $0.28. The market value of their outstanding shares is at $8.2 million. </li>
<li>Alight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALIT#NYSE">ALIT</a>) stock increased by 12.6% to $8.4. The market value of their outstanding shares is at $4.4 billion. As per the press release, Q3 earnings came out today. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares increased by 12.21% to $5.42. The market value of their outstanding shares is at $7.2 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares rose 10.2% to $2.7. The company's market cap stands at $285.7 million. As per the press release, Q3 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares declined by 26.3% to $15.75 during Tuesday's pre-market session. The company's market cap stands at $69.6 million. The company's, Q3 earnings came out yesterday. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares decreased by 20.96% to $0.83. The company's market cap stands at $36.9 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) shares fell 19.8% to $12.6. The company's market cap stands at $237.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Founder Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGL#NASDAQ">FGL</a>) stock decreased by 11.74% to $1.58. The company's market cap stands at $26.7 million. </li>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares decreased by 10.98% to $3.0. The company's market cap stands at $919.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock declined by 10.59% to $0.35. The market value of their outstanding shares is at $10.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGFY

ALIT

AMPX

BAER

CETY

Nuveen Insured California Premium Fund Ii

RAIL

SOAR

TISI

12 Industrials Stocks Moving In Tuesday's Pre-Market Session

Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares are trading lower Tuesday after the company reported third-quarter earnings that fell short of analyst expectations. Here&#8217;s <a href="https://www.benzinga.com/quote/HTZ/earnings">what you need to know.</a>
What To Know: Hertz Global posted a third-quarter loss of 68 cents per share, missing the consensus estimate for a loss of 50 cents per share. Revenue for the quarter fell 3.8% year-over-year to $2.6 billion, below analyst projections of $2.7 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
The company noted that its third-quarter results were impacted by a $1 billion non-cash asset impairment charge, mainly due to decreased fleet residual values as Hertz accelerated its fleet rotation initiative. The company&#8217;s rotation strategy led to a notable increase in vehicle depreciation expenses, which hit $937 million for the quarter, up substantially from the previous year.
CEO Gil West commented on Hertz's ongoing transformation, stating that the company is focused on its "back-to-basics strategy" aimed at sustainable, long-term shareholder returns. Hertz aims to complete its fleet rotation by the end of 2025, at which point it anticipates that depreciation per unit will normalize to under $300.
&#8220;Our team&#8217;s commitment to both our customers and our strategic objectives were evident throughout the summer. This dedication is reflective of our ongoing endeavors to improve operational performance and reposition the Company to achieve against its value proposition,&#8221; West said.
&#8220;There is still work to be done, but I am confident that the enhancements achieved over the course of this quarter demonstrate that we are on the right track.&#8221;
HTZ Price Action: Hertz Global shares were down 1.63% at $3.31 at the time of publication, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/11/41910797/nba-legend-shaq-urged-jason-kelce-not-to-make-his-same-mistakes-i-lost-my-whole-family-im-in-a-100000-square-foot-house-by-myself">NBA Legend Shaq Urged Jason Kelce Not To Make His Same Mistakes – &#8216;I Lost My Whole Family. I&#8217;m In A 100,000-Square-Foot House By Myself&#8217;</a></li>
</ul>
Image via Shutterstock.

Hertz Stock Slides After Posting Weak Q3 Earnings: 'Still Work To Be Done ... We Are On The Right Track'

Hertz Global Holdings shares are trading lower after the company reported worse-than-expected Q3 financial results.

Guidance

Hertz Says Co 'expects to substantially complete the fleet rotation by the end of 2025, at which time it expects that DPU could normalize to under $300.'

Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) reported quarterly losses of $(0.68) per share which missed the analyst consensus estimate of $(0.50) by 36 percent. The company reported quarterly sales of $2.600 billion which missed the analyst consensus estimate of $2.696 billion by 3.55 percent. This is a 3.81 percent decrease over sales of $2.703 billion the same period last year.

Earnings

Earnings Misses

Hertz Global Holdings Q3 2024 Adj. EPS $(0.68) Misses $(0.50) Estimate, Sales $2.600B Miss $2.696B Estimate

ABOS

ABSI

ACNT

ACTG

AENT

AGEN

AIOT

AIRG

ALTG

AMBC

AMPS

AMTX

APEI

AREB

ARIS

ARMN

ATRA

AUTL

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

AXSM

AZTA

BHIL

BLDE

BLFS

BLTE

The Beachbody Company, Inc. Class A Common Stock

BODI

BRTX

BTMD

BTTR

BWAY

BXSL

BZFD

CAMT

CART

CATX

CAVA

CBAT

CBLL

CCLD

CGEN

CHGG

CHMI

CLSD

CNNE

CRNX

CRON

CRVS

CRWS

CVAC

CXAI

DAVA

DAVE

DRCT

DYAI

EARN

EGAN

ELMD

ETON

EVCM

EVGO

EYEN

FENG

FGEN

FIHL

FLNG

FOUR

FTCI

GENI

GENK

GMGI

GOVX

GRAL

GRDN

GROV

GRPN

GRVY

Earnings Scheduled For November 12, 2024

Across the recent three months, 4 analysts have shared their insights on Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $4.75, a high estimate of $7.00, and a low estimate of $3.00. Highlighting a 24.96% decrease, the current average has fallen from the previous average price target of $6.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729544491_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Hertz Global Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$3.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Hertz Global Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Hertz Global Holdings compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Hertz Global Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hertz Global Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hertz Global Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Hertz Global Holdings</h2>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Breaking Down Hertz Global Holdings's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Hertz Global Holdings's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -3.45%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Hertz Global Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -36.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hertz Global Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -36.27%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Hertz Global Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -3.5%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hertz Global Holdings's debt-to-equity ratio surpasses industry norms, standing at 9.95. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Decoding 4 Analyst Evaluations For Hertz Global Holdings

Hertz Global Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) <a href="https://www.benzinga.com/topic/mobility">is hurting</a>.
What Happened: JPMorgan Chase analysts have officially thrown the car rental service into the Underweight category.
&#8220;We believe rental car companies have structurally increased their earnings power on price discovery and Hertz has before it a number of company-specific opportunities to grow earnings, including new partnerships,&#8221; the analysts wrote in a Monday report.
Among the companies Hertz has partnered with are American Express, Tripadvisor, Uber, and Carvana. 
But the analysts &#8220;likely overestimated&#8221; the degree of company-specific structural drivers of higher earnings. Now, they&#8217;re scrapping the $5 price target for December 2024 altogether, citing a decline in underlying EBITDA.
JPMorgan also doesn&#8217;t expect Hertz to generate positive free cash flow in 2025, &#8220;leading to an inability to capitalize upon its now lower share price via repurchases.&#8221;
That&#8217;s not all. Analysts pointed out how Hertz&#8217;s <a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">ill-fated attempt</a> to go green resulted in about $1 billion in losses.
Those losses stem from the sinking value of used electric vehicles and pricier repair costs.
See Also: <a href="https://www.benzinga.com/news/24/10/41417317/southwest-airlines-in-settlement-talks-with-activist-investor-elliott-management-to-avoid-proxy-figh">Southwest Airlines In Settlement Talks With Activist Investor Elliott Management To Avoid Proxy Fight</a>
Why It Matters: JPMorgan is lowering its 2026 earnings forecast for Estero, Florida-based Hertz to $400 million. That&#8217;s down from their previous 2025 estimate of $425 million. 
Hertz &#8220;is unlikely to generate positive free cash flow in both 2024 and 2025.&#8221; Also, the company likely won&#8217;t capitalize upon its now lower share price via repurchases, the analysts wrote.
Lastly, Hertz may be on the hook for a $272 million bill related to make-whole premiums and post-petition interest from its earlier bankruptcy, thanks to a U.S. Appeals Court ruling in September, <a href="https://www.wsj.com/articles/hertz-bondholders-win-appeal-for-272-million-from-bankruptcy-dispute-b3376447">according </a>to the Wall Street Journal.
What&#8217;s Next: JPMorgan advises investors to buckle up for volatility, as Hertz isn't expected to return to normalized earnings until after 2026.
Price Action: Shares of Hertz were down 8.6% to $2.97 on Monday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41436349/tesla-q3-earnings-preview-analyst-says-1-8-million-unit-estimate-hittable-for-2024-">Tesla Q3 Earnings Preview: Analyst Says 1.8 Million Unit Estimate &#8216;Hittable&#8217; For 2024, &#8216;2 Million+ Number The Focus For 2025&#8217;</a></li>
</ul>
Image: Shutterstock

Downgrades

Hertz Gets Downgraded, JPMorgan Warns Of Bumpy Road Ahead For Car Renter

WIIM

Hertz Global Holdings shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.

Across the recent three months, 4 analysts have shared their insights on Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Hertz Global Holdings, revealing an average target of $4.75, a high estimate of $7.00, and a low estimate of $3.00. This current average has decreased by 24.96% from the previous average price target of $6.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729519241_0_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Hertz Global Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$3.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hertz Global Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hertz Global Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Hertz Global Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hertz Global Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hertz Global Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Hertz Global Holdings: A Closer Look</h2>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Hertz Global Holdings's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Hertz Global Holdings's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.45% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Hertz Global Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -36.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -36.27%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Hertz Global Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.5%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 9.95, Hertz Global Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Hertz Global Holdings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Ryan Brinkman downgraded Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) from Neutral to Underweight. Hertz Global shares closed at $3.25 on Friday. <a href="https://www.benzinga.com/quote/HTZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Caitlin Burrows downgraded the rating for Prologis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) from Buy to Neutral and slashed the price target from $142 to $132. Prologis shares closed at $122.50 on Friday. <a href="https://www.benzinga.com/quote/PLD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Brandon Oglenski downgraded United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) from Equal-Weight to Underweight and maintained the price target of $120. UPS shares closed at $135.93 on Friday. <a href="https://www.benzinga.com/quote/UPS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen analyst Jeffrey Osborne downgraded SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Buy to Hold and lowered the price target from $35 to $16. SolarEdge shares closed at $17.31 on Friday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Ryan Brinkman downgraded the rating for Camping World Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) from Overweight to Neutral and lowered the price target from $25 to $24. Camping World shares closed at $23.12 on Friday. <a href="https://www.benzinga.com/quote/CWH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying UPS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21084943/image-183-1024x495.png" alt="" class="wp-image-605160" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21084943/image-183-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21084943/image-183-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21084943/image-183-768x371.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21084943/image-183.png 1336w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41421321/dow-s-p-500-settle-at-record-high-levels-record-6th-consecutive-week-of-gains-fear-index-moves-to-e">Dow, S&amp;P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To &#8216;Extreme Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

SEDG

This UPS Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Monday.
Shares of Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares fell sharply in today's pre-market trading<a href="https://www.benzinga.com/quote/LU/earnings"> following third-quarter results</a>.
Lufax Holding posted quarterly GAAP EPADS of $(0.16). The company posted sales of $789.928 million, missing estimates of $853.934 million.
Lufax Holding shares dipped 9.2% to $2.87 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>LifeStance Health Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFST#NASDAQ">LFST</a>) shares dipped 8.6% to $6.46 in pre-market trading. LifeStance Health Group will issue its third quarter earnings release before the opening bell on Thursday, Nov. 7.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares fell 6.1% to $7.56 in pre-market trading. Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares fell 4.7% to $18.68 in pre-market trading. Wells Fargo analyst Ike Boruchow, last week, downgraded VF from Equal-Weight to Underweight and lowered the price target from $16 to $15.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares fell 4.6% to $3.10 in pre-market trading.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) shares fell 4.5% to $10.74 in pre-market trading. Canada Goose will announce results for the second quarter of fiscal year 2025, before markets open on Thursday, Nov. 7.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares fell 3.8% to $26.85 in pre-market trading. On Friday, Barclays analyst Ryan Macwilliams downgraded Zeta Global from Overweight to Equal-Weight and maintained the price target of $28.</li>
<li>Dorchester Minerals, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DMLP#NYSE">DMLP</a>) shares fell 3.7% to $31.70 in pre-market trading. Dorchester Minerals announced its third quarter distribution.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41421321/dow-s-p-500-settle-at-record-high-levels-record-6th-consecutive-week-of-gains-fear-index-moves-to-e">Dow, S&amp;P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To &#8216;Extreme Greed&#8217; Zone</a></li>
</ul>

DMLP

GOOS

JBLU

LFST

SAVE

ZETA

Lufax Holding, JetBlue Airways And Other Big Stocks Moving Lower In Monday's Pre-Market Session

JP Morgan analyst Ryan Brinkman downgrades Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) from Neutral to Underweight.

JP Morgan Downgrades Hertz Global Holdings to Underweight

Teamsters Says Hertz Teamsters Authorize Strike As Contract Expiration Looms

Hertz Global Holdings: Weak Financially And Lags Industry Trends

Hertz announces consent solicitations to amend 12.625% First Lien Senior Secured Notes due 2029

The latest update is out from Hertz Global ( ($HTZ) ). Hertz Global Holdings, Inc. announced that The Hertz Corporation plans to offer $500 million...

Hertz Global Announces $500M Senior Secured Notes Offering

Hertz Global ( ($HTZ) ) has shared an update. Hertz Corporation has announced the pricing of $500 million in additional 12.625% First Lien Senior S...

Hertz Global Expands Debt with $500M Senior Notes

Unusual total active option classes on open include: WiMi Hologram Cloud (WIMI), Accenture (ACN), Coherent (COHR), ARK Genomic Revolution Multi Sec...

Unusually active option classes on open December 19th

Catalyst Watch: Labor pains for Amazon & Starbucks, Nasdaq call-up for MicroStrategy and Pony AI ratings

Investors Looking To Durable Goods, New-Home Sales Data As Earnings Season Winds Down

Hertz (HTZ) Global announced two appointments to its leadership team, with Chris Berg joining the company as Executive Vice President and Chief Adm...

Hertz appoints Berg as EVP, CAO, Holbrook as EVP

Unusual total active option classes on open include: Nutrien (NTR), RealReal (REAL), AGNC Investment Corp. (AGNC), Hertz Global Holdings (HTZ), Und...

Unusually active option classes on open December 30th

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: CompoSecure (CMPO) will spin off Resol...

Comments

Hertz Global Holdings

ニュース

最新ニュース Hertz Global Holdings (NASDAQ:HTZ) 株価情報

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル