Understanding HTZ Stock
Digging into the nuts and bolts of Hertz Global Holdings, Inc. (NASDAQ:HTZ) gives us a peek into what makes this stock tick. Check out some practical deets about the company and its place in the market. NASDAQ:HTZ stock analysis.
HTZ Company Overview
Let’s break down Hertz Global Holdings, Inc. They mainly play in two big leagues: the Americas Rental Car (RAC) and the International Rental Car (RAC) segments. So if you’re in the U.S., Canada, Latin America, or the Caribbean, they’ve probably got wheels up for grabs or rental. Hertz keeps its wheels spinning worldwide too.
- Americas RAC: You’ll find this part in the U.S. and other corners of the Americas, dealing with car rentals.
- International RAC: This section rolls out in spots outside the Americas, catering vehicles and extras.
Hertz uses its widespread network like a champ, making sure they’ve got a ride for every demand and whim—and that’s according to CNN.
Market Capitalization Insights
Swing by Yahoo Finance and you’ll see Hertz Global Holdings, Inc. holds a market cap of $1.22 billion. We’ve put together a quick list of numbers to help wrap your head around the stock’s condition:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $1.22 Billion |
| Enterprise Value | $19.69 Billion |
| Total Cash | $502 Million |
| Total Debt/Equity Ratio | 2,786.64% |
| Levered Free Cash Flow | $542.5 Million |
A whopping Total Debt/Equity ratio points to a ton of borrowed dough in play. Investors might wanna mull over this when sizing up the HTZ stock performance.
If you wanna keep up with the latest shakes in the stock, mosey over to our quick take on HTZ stock today. Got an eye on the horizon? Our HTZ stock forecast has got future peeps sorted.
These nuggets on Hertz Global Holdings should help folks decide if betting on NASDAQ:HTZ makes sense for them.
Financial Performance Analysis
Revenue and Earnings Comparison
Let’s chat about Hertz on NASDAQ and how things have been shifting for them. In the third quarter of 2024, their revenue sat steady at $2.6 billion, but their Adjusted Net Income took a tumble, resulting in a $208 million loss. Just a year before, in Q3 of 2023, they were sitting pretty with a net income of $230 million. Adjusted Diluted Earnings Per Share fell into the negatives at ($0.68) for 2024, down from $0.70 in 2023. Is this the story of an industry curveball, or is it just Hertz having an off day? (Hertz Newsroom)
| Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Revenue | $2.6 billion | $2.6 billion |
| Adjusted Net Income (Loss) | ($208 million) | $230 million |
| Adjusted Diluted EPS | ($0.68) | $0.70 |
Profit Margin and Cash Flow
Things aren’t all rosy in the profit world for Hertz, thanks to a hefty $1.0 billion knock from a non-cash asset charge in Q3 2024. This ding came about because of the drop in fleet values due to a mad dash to refresh their fleet (PR Newswire).
Cash flow is taking a hit with vehicle depreciation soaring to $937 million in Q3 2024, throwing a wrench in the works for overall profitability. Strained cash flow from operations is playing havoc here, which is evident in their negative Adjusted Corporate EBITDA of $157 million for the quarter. The balance sheet sounds like it’s in need of a stiff drink! (Hertz Newsroom)
Operational Transformation Review
Hertz is in the middle of a big make-over, expected to wrap up by 2025. They’re trying to tighten up operations and boost profits. But, as they say, you can’t make an omelet without breaking a few eggs—like the $1.0 billion impairment that slapped their books. It also ties back to those swift fleet changes we just mentioned (Hertz Newsroom).
If you’re curious about where Hertz is steering their ship next, you might want to check out our HTZ stock forecast page. This new adventure has a long view, offering investors a peek into the distance, hinting at potential returns for those who hang on through the rough patches.
Peering into these numbers and shifts gives us a clearer picture of where Hertz stands in the rental car biz. They’re making bold moves, aiming to beef up their financial footing despite the hiccups along the way. Let’s see how this saga unfolds!
Operational Highlights
Alright folks, let’s peek under the hood of Hertz Global Holdings, Inc. (NASDAQ: HTZ). We’re checking out what truly marks its stock potential, focusing on the Rent-A-Car (RAC) segment, the not-so-fun asset impairments, and Hertz’s adventurous fleet rotation strategy.
Segment Focus: RAC
The RAC segment is where the rental magic happens. This area powers Hertz’s engine, bringing in the bucks through car rentals all over the map. If you’re one of those stock buffs trying to figure out what makes htz stock performance tick, this segment’s your go-to. Key points? Fleet size (think how many cars), rental prices, and how often these cars hit the road. It’s all about smartly managing those fleets and keeping customers happy so that money keeps rolling in.
Impact of Asset Impairment
Flashback to the third quarter of 2024 when Hertz took quite a financial hit: a whopping $1 billion in non-cash asset impairment. Ouch! Blame it on fleet values dropping in part ’cause of Hertz’s rapid-swapping fleet rotation strategy (PR Newswire).
Here’s a snapshot of the financial roller-coaster ride:
| Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Revenue | $9.19 billion | $12.4 billion |
| Net Income | -$2.73 billion | $2.85 billion |
| Net Loss Margin | -52% | 23% |
| Diluted EPS | -$8.97 | $3.47 |
| Profit Margin | -29.71% | 23% |
See those dips? Straight from Yahoo Finance. It’s a bummer short term, but there’s potential for sweet gains down the road.
Fleet Rotation Strategy
Now onto their fleet rotation strategy, which is basically Hertz changing cars like they’re updating their wardrobe. The idea? Keep the fleet fresh and avoid stale wheels. This vigorous revamp in 2024 made them rack up vehicle depreciation to $937 million – a cool hike from the year before (PR Newswire).
They’re doing this to keep rentals appealing and manage wear and tear costs. Expect the Vehicle Depreciation Per Unit (DPU) to chill below $300 by the time they’ve wrapped this up around 2025. This strategy is gold when thinking about htz stock today and future predictions.
If you’re itching for a more in-depth scoop on Hertz’s tactics and what they mean for NASDAQ:HTZ’s future, hang tight to our updates on htz stock forecast and insider info.
These highlights lay out the complex playbook of Hertz, revealing both hurdles and handy tips for folks eyeballing nasdaq:htz stock analysis.
Third Quarter 2024 Results
We’ve got the scoop on Hertz Global Holdings, Inc. (NASDAQ: HTZ) as we break down the numbers from their third-quarter 2024 financial results. This chapter had its fair share of action, with big changes in assets and some bumps in operations.
Revenue and Net Income
So, Hertz mentioned they raked in $2.6 billion in revenue this quarter (Hertz Newsroom). But, despite all that cash flow, they faced a whopping net loss of $1.332 billion, a big drop compared to last year’s profit of $629 million.
| Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Revenue | $2.6 Billion | N/A |
| Net Income (Loss) | ($1.332 Billion) | $629 Million |
| Net Income Margin | -52% | 23% |
For those of you keeping tabs on the htz stock price, this big loss shrunk their net income margin to a chilly -52%, down from last year’s cozy 23%.
Vehicle Depreciation Analysis
Vehicle depreciation was a big deal for Hertz this quarter. They had to note a hefty $1.0 billion non-cash asset impairment charge, mainly because they’re switching up their fleet game and it affected the resale value of their rides (PR Newswire). In plain numbers, Q3 2024 saw vehicle depreciation hit $937 million, putting quite a dent in their profits.
| Metric | Q3 2024 |
|---|---|
| Asset Impairment Charge | $1.0 Billion |
| Vehicle Depreciation | $937 Million |
These issues took a real swing at Hertz’s profitability, so investors interested in checking the htz stock today might want to stay alert for shifts in performance stats.
Adjusted Corporate EBITDA Figures
Adjusted Corporate EBITDA for Hertz? It took a nosedive to negative $157 million in Q3 2024, from a cheerier positive figure last year. The culprits? Rampant vehicle depreciation and some extra operational expenses (Hertz Newsroom).
| Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Adjusted Corporate EBITDA | ($157 Million) | Positive |
As we’re sifting through our nasdaq:htz stock analysis, this downward EBITDA means Hertz has some serious hurdles to leap over. Their big makeover is set to wrap up by the end of 2025, and peeping at our htz stock performance updates might just give you a hint of what’s in store.
Ratios and Comparisons
When we’re taking a closer look at NASDAQ:HTZ stock, those key financial ratios tell us loads about Hertz Global Holdings, Inc.’s game plan and footing in the market. We’re digging into the Current Ratio, taking a peek at Operating Ratios, and seeing how Hertz stacks up against the competition.
Current Ratio Details
Alright, so what’s the Current Ratio about? It’s a fancy way of saying how well a company handles its bills that are due pronto with what it’s got in the bank or near enough. Lately, Hertz has been ramping up on this front.
| Time Frame | Current Ratio |
|---|---|
| 3-Year Average | 1.87 |
| 5-Year Average | 1.74 |
| 10-Year Average | 1.45 |
| Current | 3.60 |
Source: Wisesheets
Right now, Hertz’s ratio is cruising at 3.60, way above its past numbers—smashing its 3-year average, 5-year average, and even the good old 10-year stretch. This bump in numbers gives you a warm fuzzy feeling about Hertz’s short-term muscle, screaming financial steadiness.
Operating Ratios Evaluation
Now we switch gears to Operating Ratios—they’re all about sizing up how snappy a company is in making bucks:
- Gross Profit Margin
- Operating Margin
- Net Profit Margin
Getting into these digits tells us how well Hertz turns work into money.
| Metric | Current (%) | 3-Year Avg (%) | 5-Year Avg (%) |
|---|---|---|---|
| Gross Profit Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Profit Margin | N/A | N/A | N/A |
Hit up our devoted page on htz stock performance to get the full scoop on how HTZ stock is faring.
Comparison with Competitors
Time to see how Hertz matches up against its rivals, like Avis Budget Group and Enterprise Holdings. It’s like putting Hertz in the boxing ring with the big boys of car rentals.
| Company | Current Ratio | Revenue (Billion) | Net Income (Million) |
|---|---|---|---|
| Hertz (HTZ) | 3.60 | N/A | N/A |
| Avis Budget Group | 2.10 | N/A | N/A |
| Enterprise Holdings | N/A | N/A | N/A |
These comparative numbers show off Hertz’s liquidity strength against its competitors—talk about a dependable choice in a shaky market.
For more guesses on where Hertz stock might head, check out our htz stock forecast. And if you need the lowdown today, swing by htz stock today.
Future Outlook
When we gaze into the crystal ball for Hertz Global Holdings, Inc. (NASDAQ:HTZ), we’re keeping tabs on three biggies: how they’re swapping out their fleet, the wear and tear costs on each car, and how chubby or lean they expect their wallets to be. These are golden nuggets for investors taking a stab at the htz stock price and guessing where it might shimmy next.
Projected Fleet Rotation
Hertz’s game plan is to pretty much refresh its car lineup by the end of 2025. Swapping rusty old rides with shiny newbies isn’t just about showing off; it’s a double win. Customers get the thrill of zipping around in the latest models, while Hertz saves a pretty penny on fixing clunkers. This move’s bound to sway how investors see Hertz and its stock’s worth. You might want a magnifying glass handy to really dig into our htz stock forecast for the juicy deets.
Estimated Depreciation Per Unit
Keeping a keen eye on Depreciation Per Unit (DPU) is like checking your car’s oil level now and then. Hertz has its sights set on driving that number to below $300 by the end of 2025 (PR Newswire). Trimming DPU is kind of a big deal; it beefs up profit margins, giving Hertz some nice financial muscle.
| Year | Estimated Depreciation Per Unit (DPU) |
|---|---|
| 2024 | Over $300 |
| 2025 | Under $300 |
For the lowdown on the wear and tear saga, check out our scoop on htz stock performance.
Profitability Expectations
Makin’ dough is still top of the list for Hertz folks eyeballing NASDAQ:HTZ. The third quarter of 2024 was a real kicker with Hertz posting a yawning net loss of $1.332 billion, tagging along a net loss margin of 52%. Just a year back, they were riding high with a net income margin of 23% (Hertz Newsroom). What spooked the numbers? Mainly fat depreciation costs and an adjusted Corporate EBITDA of -$157 million giving everyone heartburn.
Even with this rollercoaster, there’s a shimmer of light at the end. With fleet updates and DPU checks, the money game should look sunnier in years to come. Keep your eyes peeled on Hertz’s cost-cuts and efficiency hacks for a glimpse of their bounce-back potential. For a sneak peek at the numbers game, swing by our htz stock today.
By cracking open these three chapters, investors can get a good feel for Hertz Global Holdings, Inc. and figure out if the nasdaq:htz stock analysis is worth a closer look or maybe even a cold one while they mull it over.
