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HTZ News9 articles
Hertz Stock Surges on Q2 Earnings Beat, Pricing Power Drives Revenue
Hertz reported Q2 revenue of $2.396B, up 10% YoY, driven by pricing. Adjusted loss of $0.11 beat expectations. Shares surged 21.8% premarket.
Hertz Stock Soars 29% on Q2 Beat, But Q3 Is the Real Test
Hertz (HTZ) surged 29.5% after beating Q2 earnings estimates, but the full-year forecast depends on Q3. Short covering and strong pricing drove the rally.
Avis Budget Stock Surges 11% on $650M Settlement Details
Avis Budget Group shares surged 11.3% after a filing revealed a $650 million settlement with Pentwater, boosting market cap by nearly $585 million.
Hertz Global Plunges 40% on Weak Forecast and Note Hedge Concerns
Hertz Global shares plunged 40.7% to $3.00 after cutting its Q2 outlook and announcing a $350 million exchangeable note offering, sparking dilution and financing fears.
Hertz Slumps 28% on Weak Q2 Outlook, Used-Car Losses
Hertz shares plunged nearly 28% after warning Q2 core profit will hit low end of guidance due to used-car sale losses, with vehicle depreciation rising to ~$300/unit/month.
Verra Mobility Tumbles 71% as Avis Budget Ends Contract
Verra Mobility shares fell 71.4% after Avis Budget said it will end its contract in September 2026, cutting a key revenue source and prompting analyst downgrades.
Uber Stock Holds BofA Buy Rating Ahead of Q1 Results; Robotaxi Strategy Nears Key Milestone
BofA Securities reaffirms its Buy rating on Uber Technologies (UBER) with a $103 price target, citing robust booking trends and autonomous vehicle progress ahead of Q1 earnings.
Uber Expands Robotaxi Operations with Hertz Deal, Shifts Strategy Ahead of Earnings
Uber is expanding its robotaxi operations by partnering with Hertz's Oro Mobility for fleet management, signaling a strategic shift toward direct operations. The move comes ahead of Uber's Q1 earnings.
Hertz Launches Oro Mobility for Uber Robotaxi Fleet; Shares Jump 20%
Hertz shares surged 20% after launching Oro Mobility to manage Uber's robotaxi and human-driven fleets, starting with Lucid vehicles using Nuro self-driving tech in San Francisco.