NEW YORK, June 6, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Hertz investors who were adversely affected by alleged securities fraud between April 27, 2023 and April 24, 2024. Follow the link below to get more information and be contacted by a member of our team: WHAT'S NEXT? If you suffered a loss in Hertz during ...

SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Hertz Global Holdings, Inc. (NASDAQ: HTZ) securities between April 27, 2023 and April 24, 2024. Hertz is a vehicle rental company that offers both internal combustion engine ("ICE") vehicle and electric vehicle ("EV") rental services from Company-operated, licensee, and franchisee locations across various countries. For more ...

ATLANTA, June 03, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Hertz Global Holdings, Inc. ("Hertz" or the "Company") (NASDAQ: HTZ). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and prospects, including allegations that: (i) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and ...

ESTERO, Fla., June 3, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company"), a leading global rental car company, today announced the appointment of Scott M. Haralson as Chief Financial Officer, joining the company by the end of June. Haralson will succeed Alexandra Brooks, who is leaving the Company to pursue other opportunities but will remain until the end of the month to ensure an orderly transition. Hertz Announces Appointment of Scott M. Haralson as ...

The rental car giant's shares are reliving a bit of their 2021 glory today. But recent troubles don't inspire confidence in the rally. Shares of Hertz Global Holdings (HTZ 11.76%) were moving higher on Monday amid a revival of investor interest in the so-called meme stocks that surged earlier this decade. As of 11:30 a.m. ET, Hertz's shares were up about 12.3% from Friday's closing price. Hertz famously rode the meme stock trend to a second life in 2021. The company had filed for bankruptcy with an uncertai ...

Hertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, reporting it lost another $195 million last quarter in depreciation value from writing off the remaining EVs the company has held for sale. The company's total losses were $588 million, greater than Wall Street expectations. The news sent shares down more than 24% on Thursday. The stock pared some losses on Friday. Ticker Security Last Change Change % HTZ HERTZ GLOBAL 4.50 -0. ...

Key TakeawaysHertz Global Holdings announced it was cutting its EV fleet by another 10,000 and took a $195 million charge in the first quarter.That charge was part of a $588 million increase in vehicle depreciation, leading to a per-share loss that was more than double estimates.In January, the company took a $245 million charge as it moved to shed 20,000 EVs.Hertz shares fell 19% on Thursday. Hertz Global Holdings (HTZ) shares cratered after the rental car giant said it will incur an additional $195 millio ...

Challenges in the EV segment continued to weigh on the stock.Shares of Hertz Global Holdings (HTZ -19.31%) were tumbling today after the car rental giant posted disappointing results in its first-quarter earnings, as the company continued to experience challenges with its EV fleet.As a result, the stock was down 19.8% as of 3:28 p.m. ET. Hertz is still short-circuitingHertz's revenue in the quarter rose 2% year over year to $2.1 billion, which topped estimates at $2.04 billion. Total transaction days rose 9 ...

Hertz Global Holdings, Inc. (NASDAQ:HTZ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Alexandra Brooks - EVP and CFO Justin Keppy - EVP and COO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Babcock - Bank of America John Healy - Northcoast Research Lizzie Dove - Goldman Sachs Harold Antor - Jefferies Christopher Sta ...

Hertz Global Holdings, Inc. (HTZ) reported $2.08 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.6%. EPS of -$1.28 for the same period compares to $0.39 a year ago.The reported revenue represents a surprise of +2.83% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being -$0.45, the EPS surprise was -184.44%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...