Hertz Global Holdings, Inc.

Hertz collaborates with Amazon to sell used cars

Hertz Reports Higher-than-Expected Q1 Loss, Pre-market Stock Down 10.5%

Bill Ackman's Pershing Square Increases Hertz Stake to 19.8%

Bill Ackman's Investment Firm Buys Hertz Shares

B of A Securities Adjusts Hertz Rating and Target Price

Morgan Stanley's Cautious Outlook on US Automotive Rental Stocks and Rating Adjustments for Hertz and Avis

Hertz Global Holdings Under Investigation by Shareholders Due to Class Action Lawsuit

Hertz Plans to Sell Tesla Electric Vehicle Inventory to Address Weak Performance in Q1

Hertz Global Holdings Securities Fraud Class Action Lawsuit

Pomerantz LLP files class action lawsuit against Hertz Global Holdings and executives

Hertz Global Holdings Faces Securities Class Action Lawsuit

Hertz Global Holdings Faces Class Action Lawsuit for Violating Securities Laws

Deutsche Bank lowers Hertz Global target price

Hertz announces an increase in financing amount and price of $100 million

Hertz Global: Vehicle depreciation rates expected to continue rising until 2024.

Hertz announces commitment to issue $750 million in bonds

Bank of America lowers Hertz target price to $2.5

Hertz Appoints Scott M. Haralson as Officer for Wealth Financial

Hertz explores new financing options for self-rescue

Hertz rating downgraded to b+ by S&P, outlook negative.

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After Hertz Global announced the pricing of an increased offering of $375 million in exchangeable notes, the company's stock price soared 13% in pre-market trading

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Republican lawmakers in the United States have raised questions about Hertz's artificial intelligence scanning policy

Estée Lauder fell 4.2%, with performance guidance below expectations. Target dropped 10.5%, maintaining its fiscal year sales outlook. Alcon declined 9.1%, with ongoing tariff impacts leading to a downward revision of its full-year sales forecast. Hertz rose 13.5%, as the company announced it will sell used cars on the Amazon automotive platform

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The Dow opened up 0.1%, the S&P 500 fell 0.1%, and the Nasdaq fell 0.2%

Hertz Global announced on August 20th that it has launched on the Amazon Automotive platform and will sell used cars on that platform. Hertz Global stated that customers can simply select their purchases on the Amazon Automotive platform and pick up their vehicles at a nearby Hertz car sales location within 3 days

Hertz Global

Hertz's pre-market stock price increase has expanded to 19%

Coinbase rose over 11% as the company will be included in the S&P 500 index. Honda Motor fell over 4% after the company projected a 59% decline in profits for the fiscal year 2026. Unitedhealth dropped over 10% as the company suspended its 2025 outlook. Hertz Global Holdings, Inc. fell over 4% as first-quarter losses exceeded expectations and revenue did not meet expectations. TAL Education Group fell more than 1% after Macquarie downgraded its rating and target price

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The Dow Jones Industrial Average opened down 0.41%, the S&P 500 index rose 0.07%, and the Nasdaq rose 0.26%

After Hertz announced that its first-quarter losses were higher than expected and its revenue did not meet expectations, its stock price fell 10.5% in pre-market trading

Hertz Global Holdings, Inc. (HTZ) fell 4.9% in after-hours trading on the U.S. stock market. The company's first-quarter loss exceeded analysts' expectations, with an adjusted loss per share of $1.12, compared to the expected $0.99. Total revenue was $1.8 billion, below analysts' expectations of $2 billion, primarily due to the company's reduction in fleet size and a decrease in customer bookings

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Hertz's number of vehicles decreases, losses exceed expectations

Recently, billionaire investor Bill Ackman announced that his investment management company Pershing Square has accumulated a 19.8% stake in Hertz. Hertz CEO responded by saying he feels humbled. In a letter to employees, Hertz CEO Jill West said, "I feel humbled, and we should all be inspired by Bill Ackman's remarks and encouraged by the strong support he has shown."

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Hertz CEO: Bill Ackman's support deeply inspires him

Hertz Global's stock price has risen sharply, doubling in the past two days. As of the time of publication, the stock is up over 25%, trading at $7.19. The company has attracted bets from hedge funds under Bill Ackman. Regulatory filings reveal that as of the end of 2024, Bill Ackman's hedge fund, Pershing Square, holds a 4.1% stake in Hertz Global. According to informed sources, Pershing Square has significantly increased its stake through stock and swap transactions to 19.8%, becoming Hertz's second-largest shareholder. Ackman's investment firm received a waiver from the U.S. Securities and Exchange Commission, allowing them to delay submitting their holdings information until Wednesday, enabling them to accumulate more shares

US Stock Movement | Hertz Global Holdings, Inc. rises over 25%, doubling its stock price in the past two days

UnitedHealth fell 16.4%, as the company lowered its annual profit forecast. Eli Lilly rose 12.1%, as the company released research data on weight loss drugs. Hertz surged 35.4%, becoming the second largest shareholder of the fund under Ackman. Alibaba rose 3.8%, with Taobao topping the app download charts in 16 countries

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The Dow opened down 1.2%, the S&P 500 rose 0.4%, and the Nasdaq rose 0.5%

Famous investor Bill Ackman's Pershing Square Capital Management has significantly increased its stake in Hertz Global Holdings, Inc., causing the stock price of the car rental company, which completed its bankruptcy restructuring four years ago, to soar. On Wednesday, Hertz's stock price surged over 56%, and continued to rise more than 35% in after-hours trading, after a regulatory filing revealed that Pershing Square held 4.1% of Hertz's shares as of the end of 2024. According to informed sources, through stock and derivative trading, the institution's stake has significantly increased to 19.8%, making it Hertz's second-largest shareholder. Sources indicated that Ackman's investment firm obtained a waiver from the U.S. Securities and Exchange Commission, allowing it to delay disclosing its holdings until Wednesday, enabling it to significantly increase its shareholding. Over the past decade, Hertz has been mired in operational difficulties, including declaring bankruptcy during the pandemic in 2020. After completing its bankruptcy restructuring in 2021, the company made a significant bet on all-electric vehicles, particularly Tesla models, but suffered billions of dollars in losses due to a sharp decline in used car residual values. The financial report released in February this year showed that Hertz's total loss for 2024 reached $2.9 billion, with a loss of $245 million in the fourth quarter due to the disposal of electric vehicle assets

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After being heavily bet on by hedge fund giant Ackman, rental car giant Hertz surged over 56% in a single day

According to a document submitted on Wednesday, Bill Ackman's investment firm Pershing Square Capital Management purchased 12.7 million shares of Hertz, valued at approximately $46.5 million at the time of purchase, making it one of Hertz's largest shareholders. Following the disclosure of this significant stake in the troubled rental car company, Hertz's stock price surged. After the news broke, Hertz's stock soared by 27.39% in pre-market trading on Wednesday, and as of the time of writing, the stock was up 19.18%. Over the past 12 months, the company's stock price has fallen by a cumulative 47%. Previously, Hertz found itself in trouble after making a hasty bet on Tesla electric vehicles, which were unpopular with customers and had high maintenance costs. Since then, Hertz has been working to update its fleet and reposition the company for growth. Hertz emerged from bankruptcy in 2021

Hertz's stock price soared in pre-market trading after Pershing Square disclosed its substantial shareholding

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After Hertz Global announced the pricing of an increased offering of $375 million in exchangeable notes, the company's stock price soared 13% in pre-market trading

Republican lawmakers in the United States have raised questions about Hertz's artificial intelligence scanning policy

The Dow opened up 0.1%, the S&P 500 fell 0.1%, and the Nasdaq fell 0.2%

Hertz's pre-market stock price increase has expanded to 19%