Tearsheet

Hertz Global (HTZ)


Market Price (4/25/2026): $5.74 | Market Cap: $1.8 Bil
Sector: Industrials | Industry: Passenger Ground Transportation

Hertz Global (HTZ)


Market Price (4/25/2026): $5.74
Market Cap: $1.8 Bil
Sector: Industrials
Industry: Passenger Ground Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Electric Vehicles & Autonomous Driving. Themes include Travel & Leisure Tech, EV Charging Infrastructure, Show more.

Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -136%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1050%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%, Rev Chg QQuarterly Revenue Change % is -0.6%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -102%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -46%

Key risks
HTZ key risks include [1] massive depreciation charges and a class-action lawsuit stemming from its mismanaged electric vehicle strategy, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Electric Vehicles & Autonomous Driving. Themes include Travel & Leisure Tech, EV Charging Infrastructure, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -136%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1050%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%, Rev Chg QQuarterly Revenue Change % is -0.6%
6 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -102%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -46%
8 Key risks
HTZ key risks include [1] massive depreciation charges and a class-action lawsuit stemming from its mismanaged electric vehicle strategy, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Hertz Global (HTZ) stock has gained about 10% since 12/31/2025 because of the following key factors:

1. Improved financial performance in Q4 2025 and positive outlook for Q1 2026. Hertz Global Holdings reported its fourth quarter and full-year 2025 results on February 26, 2026, highlighting a $2 billion year-over-year improvement in profitability for the full year under its "Back-to-Basics" strategy. The company also projected mid-single-digit revenue growth for the first quarter of 2026, attributing this to internal revenue management initiatives and a favorable industry pricing environment. This forward-looking guidance contributed to increased investor confidence.

2. Positive shift in analyst sentiment and subsequent upgrades. Early in the period, specifically on February 6, 2026, Hertz Global received an upgrade to a Zacks Rank #2 (Buy) rating. This upgrade was primarily driven by an upward trend in earnings estimates, with the Zacks Consensus Estimate for the company increasing by 32.4% in the three months leading up to the upgrade.

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Stock Movement Drivers

Fundamental Drivers

The 11.1% change in HTZ stock from 12/31/2025 to 4/24/2026 was primarily driven by a 12.0% change in the company's P/S Multiple.
(LTM values as of)123120254242026Change
Stock Price ($)5.145.7111.1%
Change Contribution By: 
Total Revenues ($ Mil)8,5168,504-0.1%
P/S Multiple0.20.212.0%
Shares Outstanding (Mil)311313-0.6%
Cumulative Contribution11.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/24/2026
ReturnCorrelation
HTZ11.1% 
Market (SPY)4.2%35.2%
Sector (XLI)11.2%34.5%

Fundamental Drivers

The -16.0% change in HTZ stock from 9/30/2025 to 4/24/2026 was primarily driven by a -13.8% change in the company's P/S Multiple.
(LTM values as of)93020254242026Change
Stock Price ($)6.805.71-16.0%
Change Contribution By: 
Total Revenues ($ Mil)8,6148,504-1.3%
P/S Multiple0.20.2-13.8%
Shares Outstanding (Mil)309313-1.3%
Cumulative Contribution-16.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/24/2026
ReturnCorrelation
HTZ-16.0% 
Market (SPY)7.0%17.8%
Sector (XLI)12.2%22.8%

Fundamental Drivers

The 44.9% change in HTZ stock from 3/31/2025 to 4/24/2026 was primarily driven by a 57.7% change in the company's P/S Multiple.
(LTM values as of)33120254242026Change
Stock Price ($)3.945.7144.9%
Change Contribution By: 
Total Revenues ($ Mil)9,0498,504-6.0%
P/S Multiple0.10.257.7%
Shares Outstanding (Mil)306313-2.2%
Cumulative Contribution44.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/24/2026
ReturnCorrelation
HTZ44.9% 
Market (SPY)28.1%15.0%
Sector (XLI)33.0%20.5%

Fundamental Drivers

The -64.9% change in HTZ stock from 3/31/2023 to 4/24/2026 was primarily driven by a -66.1% change in the company's P/S Multiple.
(LTM values as of)33120234242026Change
Stock Price ($)16.295.71-64.9%
Change Contribution By: 
Total Revenues ($ Mil)8,6858,504-2.1%
P/S Multiple0.60.2-66.1%
Shares Outstanding (Mil)3313135.8%
Cumulative Contribution-64.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/24/2026
ReturnCorrelation
HTZ-64.9% 
Market (SPY)79.8%22.5%
Sector (XLI)77.8%27.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HTZ Return-5%-38%-32%-65%40%15%-77%
Peers Return136%-3%36%1%16%27%360%
S&P 500 Return27%-19%24%23%16%4%89%

Monthly Win Rates [3]
HTZ Win Rate50%42%50%25%50%50% 
Peers Win Rate68%45%57%52%50%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HTZ Max Drawdown-20%-41%-47%-75%-10%-24% 
Peers Max Drawdown-2%-27%-8%-20%-21%-15% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAR, R, PAG, UHAL, URI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/24/2026 (YTD)

How Low Can It Go

Unique KeyEventHTZS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-69.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven231.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to CAR, R, PAG, UHAL, URI

In The Past

Hertz Global's stock fell -69.8% during the 2022 Inflation Shock from a high on 11/12/2021. A -69.8% loss requires a 231.3% gain to breakeven.

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About Hertz Global (HTZ)

Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Hertz Global (HTZ):

  • The Marriott or Hilton of car rentals.
  • Like Carvana or CarMax, but for temporary car rentals instead of purchases.

AI Analysis | Feedback

  • Vehicle Rental Services: Hertz Global provides short-term rental of cars, SUVs, and other vehicles under brands like Hertz, Dollar, Thrifty, and Firefly for personal and business use.
  • Vehicle Sales: The company sells used vehicles from its rental fleet to individuals and businesses.
  • Car Sharing Services: Hertz Global operates a car sharing business, Hertz 24/7, allowing customers to rent vehicles for short periods by the hour or day.

AI Analysis | Feedback

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Hertz Global Holdings, Inc. (HTZ) primarily sells its vehicle rental services directly to individuals, operating under the Hertz, Dollar, and Thrifty brands. As such, it does not have major customer companies in the traditional sense, but rather serves diverse categories of individual consumers.

The company primarily serves the following customer categories:

  1. Leisure Travelers: This category includes individuals and families renting vehicles for personal use, such as vacations, weekend getaways, road trips, or special events. They typically prioritize convenience, competitive pricing, and a variety of vehicle options for their recreational travel needs.
  2. Business Travelers: This segment comprises individuals who rent vehicles for corporate travel, business meetings, client visits, or temporary assignments. These customers often value efficiency, reliability, corporate discount programs, and locations convenient to airports or business districts.
  3. Local and Replacement Rentals: This category serves individuals who require temporary transportation for local needs, such as when their personal vehicle is undergoing repairs, is involved in an accident, or when they need a larger or different type of vehicle for a specific short-term purpose (e.g., moving, temporary projects). This segment often includes rentals covered by insurance claims.
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AI Analysis | Feedback

Major suppliers for Hertz Global (HTZ) include:

  • Tesla, Inc. (TSLA)
  • Polestar Automotive Holding UK PLC (PSNY)
  • General Motors Company (GM)
  • Ford Motor Company (F)
  • Toyota Motor Corporation (TM)
  • Stellantis N.V. (STLA)

AI Analysis | Feedback

Gil West - Chief Executive Officer

Gil West assumed the role of Chief Executive Officer at Hertz Global Holdings, Inc. in April 2024. Prior to joining Hertz, he served as Chief Operating Officer at Cruise, General Motors' autonomous vehicle subsidiary. He also spent a decade as Chief Operating Officer of Delta Air Lines, where he was responsible for worldwide operations and a workforce of over 70,000 employees. Earlier in his career, he was President and Chief Executive Officer of Laidlaw Transit Services from 2006 to 2007.

Scott Haralson - Executive Vice President and Chief Financial Officer

Scott Haralson was appointed Executive Vice President and Chief Financial Officer of Hertz Global Holdings, Inc. by the end of June 2024. He has over 25 years of leadership and corporate finance experience, primarily in the transportation industry. Haralson previously served as Chief Financial Officer of Spirit Airlines, where he played a key role in navigating the company through the pandemic and strengthening its financial position. His background also includes senior financial leadership positions at Dish Network, Frontier Airlines, Swift Aviation Group, and US Airways.

Mike Moore - Executive Vice President and Chief Operating Officer

Mike Moore became Executive Vice President and Chief Operating Officer of Hertz Global Holdings, Inc. effective September 30, 2025. He joined Hertz in July 2024 as Executive Vice President, Technical Operations, and later served as Executive Vice President, Operations – North America from June 2025. Before his tenure at Hertz, Moore was Executive Vice President, Spaceline Technical Operations at Virgin Galactic from August 2022 to November 2023. He also spent a decade in operations roles at Delta Air Lines and held positions at Northwest Airlines.

Chris Berg - Executive Vice President, Fleet Management

Chris Berg has served as Executive Vice President, Fleet Management at Hertz Global Holdings, Inc. since March 2026. He initially joined the company in January 2025 as Executive Vice President and Chief Administrative Officer. Prior to Hertz, he worked for over 20 years at Home Depot, where his most recent role was President of the Western Division, overseeing the operations of 500 stores and 100,000 employees.

Sandeep Dube - Executive Vice President and Chief Commercial Officer

Sandeep Dube joined Hertz Global Holdings, Inc. as Executive Vice President and Chief Commercial Officer on July 22, 2024, leading global commercial strategy and revenue generation. He has over 25 years of experience in driving transformational growth. Dube most recently held the position of Chief Operating Officer at Intuit Mailchimp. His previous experience includes serving as Chief Commercial Officer at Activision Blizzard and senior leadership roles at Delta Air Lines, including Senior Vice President, Revenue Management, and Chief Executive Officer of Delta Vacations.

AI Analysis | Feedback

The key risks to Hertz Global Holdings, Inc. (HTZ) primarily revolve around its ambitious electric vehicle (EV) strategy, a significant debt burden, and exposure to macroeconomic fluctuations affecting travel demand and pricing pressure.

  1. Electric Vehicle (EV) Strategy Setbacks and Fleet Depreciation: Hertz has faced substantial financial setbacks due to its rapid and extensive foray into electric vehicles, particularly with Tesla models. The company incurred significant losses due to the rapid depreciation of its EV fleet, higher-than-anticipated maintenance and damage costs associated with EVs, and lower-than-expected consumer demand for renting them. This led to a notable first-quarter loss and a sharp decline in stock value, prompting Hertz to sell off a portion of its EV fleet to mitigate further financial impact.
  2. High Debt Load and Financial Leverage: Hertz operates with a considerable debt burden and high financial leverage, which has been a persistent challenge for the company. This elevated debt limits shareholder upside, contributes to significant interest expenses, and makes the company vulnerable to declines in vehicle prices and changes in capital market conditions. The company has reported ongoing net losses and weak credit metrics, indicating that its ability to reduce debt may be constrained in the near term.
  3. Macroeconomic Fluctuations and Intense Competition: Hertz's business is highly susceptible to broader macroeconomic trends, including economic downturns and geopolitical tensions, which directly impact travel demand and consumer spending. There are concerns about structurally weak car rental demand, particularly due to long-term declines in vacation and business travel. Additionally, the vehicle rental industry is characterized by intense competition and pricing pressures from major players, which can compress margins and challenge Hertz's market positioning.

AI Analysis | Feedback

  • Peer-to-peer car sharing platforms: Companies such as Turo allow individuals to rent out their personal vehicles, creating a decentralized fleet that often offers a wider variety of vehicles, greater flexibility, and competitive pricing compared to traditional car rental services. This model directly competes with Hertz by providing an alternative for short-term vehicle access.
  • Autonomous vehicle (AV) ride-hailing services: Companies like Waymo and Cruise are actively deploying and expanding self-driving taxi services in various cities. As these services mature and become more widespread and cost-effective, they present a significant emerging threat by offering on-demand, driverless transportation alternatives that could reduce the need for consumers to rent and drive vehicles themselves, particularly for urban mobility and short to medium-distance trips.

AI Analysis | Feedback

Hertz Global Holdings, Inc. primarily operates in the vehicle rental market. The addressable market sizes for its main products and services are as follows:

Vehicle Rental Services

  • Global Car Rental Market: The global car rental market was estimated at approximately USD 152.99 billion in 2025 and is projected to increase to approximately USD 348.69 billion by 2035.
  • North America Car Rental Market: The North American vehicle rental market was valued at USD 42.61 billion in 2025 and is estimated to grow to USD 67.49 billion by 2031. This region generated a revenue of USD 54,537.3 million in 2024.
  • Europe Car Rental Market: The Europe car rental market size reached USD 25.6 billion in 2025 and is projected to reach USD 38.5 billion by 2033. The market generated a revenue of USD 36,508.1 million in 2024.
  • Asia Pacific Car Rental Market: The Asia Pacific car rental market generated a revenue of USD 42,128.2 million in 2024 and is expected to reach a projected revenue of US$ 87,997.4 million by 2030. The market was valued at USD 36 billion.

Other Services

Hertz Global also sells vehicles from its rental fleet through its Hertz Car Sales brand and operates the Hertz 24/7 car-sharing business in international markets. Specific addressable market sizes for these individual products/services were not readily available in the provided information.

AI Analysis | Feedback

Hertz Global Holdings, Inc. (HTZ) is expected to drive future revenue growth over the next two to three years through several strategic initiatives aimed at enhancing pricing, diversifying services, optimizing its fleet, improving customer experience, and expanding its market reach.

Key drivers of future revenue growth include:

  • Enhanced Revenue Management and Pricing Strategies: Hertz anticipates mid-single-digit revenue growth, supported by a positive pricing environment and sustained progress on internal revenue management initiatives. The company's focus on improving pricing effectiveness is expected to lead to increased Revenue Per Day (RPD) and Revenue Per Unit (RPU). This strategy aims to maximize unit revenue through disciplined pricing and a strategic focus on rate.
  • Expansion of Off-Airport, Mobility, and Ride-Share Businesses: Hertz is concentrating on expanding its off-airport and broader mobility businesses, including its ride-share partnerships. The company's ride-share revenue grew significantly in 2023, and further expansion in this area is a key focus, along with bolstering its overall retail and mobility capabilities to generate value beyond traditional car rentals.
  • Optimized Fleet Management and Retail Vehicle Sales: The company's "Buy Right, Hold Right, Sell Right" fleet strategy, which includes a comprehensive fleet rotation and securing model year vehicle buys at target prices and volumes, is designed to manage depreciation and maintain an optimized car-class mix. This strategy also involves a continued focus on growing vehicle sales through its retail channels, such as Hertz Car Sales.
  • Improving Demand Environment and Customer Experience: Hertz expects revenue growth to be supported by a constructive demand environment. Efforts to improve the customer experience, reflected by a significant increase in Net Promoter Score in 2025, are also expected to drive sustained demand and loyalty, contributing to revenue.
  • Growth in International Markets and Digital Channels: Hertz plans to expand its international business, which demonstrated strong volume growth across key customer channels and an annual revenue increase of 17% in 2023. Additionally, enhancements to digital channels, such as new websites for the Dollar and Thrifty brands, are aimed at improving direct bookings and customer loyalty, contributing to overall revenue growth.

AI Analysis | Feedback

Share Repurchases

  • Hertz's Board of Directors authorized a $2.0 billion share repurchase program in November 2021.
  • In June 2022, a new $2.0 billion share repurchase program was approved, bringing the total available for repurchases to $2.2 billion, with approximately $0.2 billion remaining from the prior authorization.
  • As of April 20, 2023, approximately $1.0 billion remained under Hertz's share repurchase authorization.

Share Issuance

  • In 2021, Hertz Global Holdings, Inc. issued $1.4 billion in preferred shares.

Inbound Investments

  • Hertz Global Holdings, Inc. went public through an IPO on July 30, 2021, raising capital from new investors.
  • In early 2025, well-known fund manager Bill Ackman disclosed a stake in Hertz, contributing to a positive shift in investor sentiment.

Capital Expenditures

  • Hertz Global's annual capital expenditures were approximately $7.225 billion in 2021, $10.746 billion in 2022, $9.702 billion in 2023, $10.629 billion in 2024, and $10.28 billion for 2025.
  • The primary focus of capital expenditures has been to modernize and grow its fleet, including investments to meet rental demand and improve residual value risk.
  • By February 2026, the company successfully completed its fleet refresh, resulting in an average vehicle age of less than one year.

Better Bets vs. Hertz Global (HTZ)

Trade Ideas

Select ideas related to HTZ.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K03312026NSPInsperityInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K03312026TNCTennantInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
ADP_3272026_Dip_Buyer_FCFYield03272026ADPAutomatic Data ProcessingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.0%1.0%0.0%
HURN_3272026_Dip_Buyer_FCFYield03272026HURNHuron ConsultingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.0%4.0%0.0%
TRU_3272026_Dip_Buyer_FCFYield03272026TRUTransUnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.2%5.2%0.0%
HTZ_1302026_Short_Squeeze01302026HTZHertz GlobalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-5.9%-5.9%-20.6%
HTZ_7312025_Short_Squeeze07312025HTZHertz GlobalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-20.7%-28.1%-39.3%
HTZ_1312025_Short_Squeeze01312025HTZHertz GlobalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
45.0%18.6%-20.1%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HTZCARRPAGUHALURIMedian
NameHertz Gl.Avis Bud.Ryder Sy.Penske A.U-Haul United R. 
Mkt Price5.71204.00253.34160.4252.59974.41182.21
Mkt Cap1.87.29.910.610.361.310.1
Rev LTM8,50411,41412,68631,8086,00016,36512,050
Op Inc LTM141841,0861,2816134,083849
FCF LTM-8,655-11,978478650-1,603663-562
FCF 3Y Avg-8,096-10,051-174754-1,728776-951
CFO LTM1,6253,2962,5269751,5895,2792,076
CFO 3Y Avg2,1083,5472,4391,1171,5045,0052,273

Growth & Margins

HTZCARRPAGUHALURIMedian
NameHertz Gl.Avis Bud.Ryder Sy.Penske A.U-Haul United R. 
Rev Chg LTM-6.0%-1.8%-0.4%-0.2%5.4%5.0%-0.3%
Rev Chg 3Y Avg-0.5%-4.2%0.5%4.7%0.8%9.8%0.6%
Rev Chg Q-0.6%0.5%-0.1%-3.1%1.9%7.2%0.2%
QoQ Delta Rev Chg LTM-0.1%0.1%-0.0%-0.9%0.5%1.7%0.0%
Op Inc Chg LTM101.2%-31.6%-2.1%-6.5%-28.5%1.6%-4.3%
Op Inc Chg 3Y Avg-73.3%-54.1%-5.9%-4.9%-22.1%6.5%-14.0%
Op Mgn LTM0.2%1.6%8.6%4.0%10.2%24.9%6.3%
Op Mgn 3Y Avg-1.7%7.2%8.7%4.3%15.5%26.0%7.9%
QoQ Delta Op Mgn LTM8.1%1.6%-0.2%-0.2%-1.5%0.3%0.0%
CFO/Rev LTM19.1%28.9%19.9%3.1%26.5%32.3%23.2%
CFO/Rev 3Y Avg23.4%29.8%19.5%3.5%25.9%32.3%24.6%
FCF/Rev LTM-101.8%-104.9%3.8%2.0%-26.7%4.1%-12.3%
FCF/Rev 3Y Avg-90.6%-84.4%-1.5%2.4%-29.8%5.1%-15.7%

Valuation

HTZCARRPAGUHALURIMedian
NameHertz Gl.Avis Bud.Ryder Sy.Penske A.U-Haul United R. 
Mkt Cap1.87.29.910.610.361.310.1
P/S0.20.60.80.31.73.70.7
P/Op Inc127.739.09.18.216.815.015.9
P/EBIT7.2-14.29.36.920.615.18.3
P/E-2.4-8.120.111.380.224.515.7
P/CFO1.12.23.910.86.511.65.2
Total Yield-41.8%-12.4%6.4%11.2%1.6%4.9%3.2%
Dividend Yield0.0%0.0%1.5%2.4%0.3%0.8%0.6%
FCF Yield 3Y Avg-505.0%-226.2%-4.2%7.2%-14.1%1.7%-9.2%
D/E10.84.00.90.80.80.20.9
Net D/E10.53.90.90.80.60.20.8

Returns

HTZCARRPAGUHALURIMedian
NameHertz Gl.Avis Bud.Ryder Sy.Penske A.U-Haul United R. 
1M Rtn30.7%65.1%24.4%8.3%15.2%30.3%27.4%
3M Rtn3.3%67.7%33.6%1.5%-9.7%6.3%4.8%
6M Rtn10.2%29.9%58.6%-0.9%-5.4%7.2%8.7%
12M Rtn-34.0%123.2%85.7%4.8%-14.4%51.8%28.3%
3Y Rtn-62.4%29.2%226.6%26.9%-11.7%166.1%28.1%
1M Excs Rtn22.0%56.4%15.7%-0.4%6.5%21.6%18.7%
3M Excs Rtn-0.4%64.0%30.0%-2.1%-13.4%2.7%1.2%
6M Excs Rtn8.4%27.5%33.0%-10.9%-12.5%-8.2%0.1%
12M Excs Rtn-65.9%103.1%57.7%-26.4%-46.2%33.6%3.6%
3Y Excs Rtn-136.0%-53.2%141.9%-51.1%-86.3%93.0%-52.1%

Comparison Analyses

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Americas Rental Car (RAC)17,38619,25217,64514,35211,325
International Rental Car (RAC)3,4564,2453,6382,9782,673
Corporate9601,1081,2142,4531,064
All Other Operations    1,818
Total21,80224,60522,49719,78316,880


Price Behavior

Price Behavior
Market Price$5.71 
Market Cap ($ Bil)1.8 
First Trading Date11/09/2021 
Distance from 52W High-34.0% 
   50 Days200 Days
DMA Price$5.06$5.60
DMA Trenddownup
Distance from DMA12.8%1.9%
 3M1YR
Volatility79.0%81.8%
Downside Capture1.891.16
Upside Capture269.3097.43
Correlation (SPY)32.6%17.4%
HTZ Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.781.471.690.780.771.24
Up Beta3.443.964.971.971.301.42
Down Beta-1.00-0.61-0.05-0.39-0.240.48
Up Capture267%229%215%59%101%143%
Bmk +ve Days7162765139424
Stock +ve Days10192650109336
Down Capture64%154%171%138%102%112%
Bmk -ve Days12233358110323
Stock -ve Days10213574138400

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTZ
HTZ-31.8%81.8%-0.13-
Sector ETF (XLI)38.3%15.2%1.9223.5%
Equity (SPY)34.0%12.6%2.0517.4%
Gold (GLD)42.9%27.2%1.292.6%
Commodities (DBC)46.4%18.0%1.97-11.6%
Real Estate (VNQ)14.2%13.3%0.7423.9%
Bitcoin (BTCUSD)-16.6%42.1%-0.3214.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTZ
HTZ-26.1%77.7%-0.12-
Sector ETF (XLI)13.0%17.3%0.5933.4%
Equity (SPY)12.7%17.1%0.5830.9%
Gold (GLD)21.2%17.8%0.977.1%
Commodities (DBC)14.5%19.1%0.629.9%
Real Estate (VNQ)3.7%18.8%0.1033.4%
Bitcoin (BTCUSD)7.0%56.3%0.3416.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTZ
HTZ-14.0%77.7%-0.12-
Sector ETF (XLI)13.8%19.9%0.6133.4%
Equity (SPY)14.9%17.9%0.7130.9%
Gold (GLD)13.9%15.9%0.737.1%
Commodities (DBC)10.1%17.8%0.479.9%
Real Estate (VNQ)5.4%20.7%0.2333.4%
Bitcoin (BTCUSD)68.3%66.9%1.0716.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity59.0 Mil
Short Interest: % Change Since 3312026-8.0%
Average Daily Volume14.1 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity313.0 Mil
Short % of Basic Shares18.8%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/26/20261.8%-1.8%7.9%
11/4/202536.2%27.1%4.0%
8/7/20257.5%-3.4%-1.8%
5/13/20251.5%12.2%5.6%
2/13/2025-8.5%5.6%-10.4%
11/12/20248.6%23.4%31.8%
8/1/2024-7.6%-11.3%-21.6%
4/25/2024-19.3%-22.9%-17.6%
...
SUMMARY STATS   
# Positive1098
# Negative678
Median Positive8.1%12.2%10.0%
Median Negative-9.6%-9.5%-10.9%
Max Positive36.2%27.1%33.2%
Max Negative-19.3%-22.9%-21.6%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/26/202610-K
09/30/202511/04/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202402/18/202510-K
09/30/202411/12/202410-Q
06/30/202408/01/202410-Q
03/31/202404/25/202410-Q
12/31/202302/12/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202304/27/202310-Q
12/31/202202/07/202310-K
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q
03/31/202204/27/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue Growth 5.0%    
2026 Depreciation per unit per month (DPU) 300    

Prior: Q3 2025 Earnings Reported 11/4/2025

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