Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]

Hertz Global Holdings, Inc. (HTZ) shares rallied 56.4% in the last trading session to close at $5.71. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.9% gain over the past four weeks.The uptick followed an update that Bill Ackman’s Pershing Square has taken a sizeable stake in the rental-car company.This company is expected to post quarterly loss of $1.08 per share in its upcoming report, which represents a ...

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has significantly increased the position — to 19.8% — through shares and swaps, becoming Hertz' second largest shareholder, a person familiar with the matter told CNBC's Scott Wapner.Bill Ackman's Pershing Square took a sizable stake in He ...

PITTSBURGH, April 14, 2025 (GLOBE NEWSWIRE) -- Hertz Corporation (“Hertz”) recently announced a cybersecurity incident, which impacted the personal information of thousands of individuals. The information potentially impacted in the data breach includes individuals’ names, contact information, dates of birth, credit card information, driver’s license information, and information related workers’ compensation claims. Lynch Carpenter, LLP is investigating claims against Hertz related to this data breach. If y ...

IRVINE, Calif., March 25, 2025 /PRNewswire/ -- Getac Technology Corporation (Getac), a leading provider of rugged computing and mobile video solutions, today announced that Hertz (NASDAQ: HTZ), one of the world's leading vehicle rental companies, has deployed Getac's rugged hardware and software solutions to enhance customer service. Getac’s UX10 rugged tablet is configured to meet Hertz requirements, including a camera to easily document any damage, a barcode reader to quickly access customer reservati ...

Group 1 - Hertz has been one of the worst performing stocks in recent years, with significant declines attributed to a poorly timed investment in electric vehicles [1] - The company's shares have plunged, indicating challenges in its business strategy and market positioning [1] Group 2 - The article does not provide specific financial metrics or performance data related to Hertz's stock price or market capitalization [1] - There are no mentions of other companies or industry comparisons in the provided content [1]

Company Operations - As of December 31, 2024, Hertz operated approximately 11,200 vehicle rental locations globally across about 160 countries, making it one of the largest vehicle rental companies worldwide[36]. - The company had approximately 2,000 airport rental locations in the Americas RAC segment and approximately 1,500 in the International RAC segment as of December 31, 2024[46]. - Hertz's Americas RAC segment includes a substantial network of company-operated rental locations primarily in the U.S. and Canada, while the International RAC segment has a majority of locations in Europe[39]. - As of December 31, 2024, Hertz had approximately 3,000 off airport locations in the Americas RAC segment and approximately 4,700 in the International RAC segment[50]. - Off airport revenues comprised 34% of Hertz's worldwide vehicle rental revenues in both 2024 and 2023[45]. - The company employed approximately 26,000 persons as of December 31, 2024, with around 19,500 in the U.S. and 6,500 internationally[113]. Customer Experience - Hertz Gold Plus Rewards members accounted for approximately 30% of worldwide rental transactions for the year ended December 31, 2024[76]. - The Hertz brand is recognized for premium customer service and innovative offerings, including Hertz Gold Plus Rewards and Hertz Ultimate Choice[42]. - The company offers electronic rental agreements and returns, enhancing customer convenience and saving time[79]. - The ride share rental program allows longer-term vehicle rentals for drivers, contributing to the future of mobility strategy[80]. Financial Performance - The U.S. vehicle rental industry generated approximately $37.9 billion in estimated annual revenues for 2024, with an average of two million vehicles[108]. - Europe represented approximately $19.1 billion in estimated annual industry revenues for 2024, with significant operations in France, Germany, Italy, Spain, and the UK[109]. - The Asia Pacific region accounted for approximately $20.7 billion in estimated annual industry revenues for 2024, with major markets including Australia, China, Japan, and New Zealand[110]. - Franchisee arrangements contributed approximately 2% of worldwide vehicle rental revenues for the year ended December 31, 2024[92]. Sustainability and Environmental Initiatives - The company aims to reduce greenhouse gas emissions and enhance sustainability through investments in a diversified vehicle fleet, including electric vehicles (EVs) and fuel-efficient gas-powered vehicles[126]. - The company has established partnerships with ride-sharing companies to provide EVs to drivers, contributing to lower emissions[127]. - The company’s world headquarters in Estero, Florida is LEED Gold certified, and several other locations also meet LEED standards, enhancing energy and water efficiency[131]. - The company integrates environmental sustainability into its operations, focusing on resource conservation and waste reduction initiatives[129]. Risk Management - The company maintains excess liability insurance coverage to mitigate exposure to large liability losses, ensuring financial responsibility in its operations[139]. - The majority of vehicles in the fleet are non-program vehicles, exposing the company to increased residual value risk due to declining values[166]. - If vehicle residual values decline, the company may face substantial losses on vehicle sales and increased depreciation expenses[168]. - Disruptions in the global supply chain, particularly due to geopolitical conflicts, may adversely affect vehicle production volumes and delivery schedules[177]. - The company’s vehicle rental business is sensitive to reductions in business and leisure travel, which can be impacted by economic downturns and global health crises[183]. Compliance and Regulatory Risks - The company is subject to various governmental regulations, including those related to environmental protection and customer privacy, which impact its operations[151]. - Changes in government regulations could materially alter business practices and profitability, with potential impacts from new legislation and reinterpretation of existing laws[156]. - The company is subject to extensive environmental laws and regulations, which may lead to unpredictable future compliance costs[158]. - Compliance costs associated with evolving laws and regulations may adversely affect the company's results of operations and liquidity[234]. Cybersecurity and Data Protection - Cybersecurity threats are increasing in frequency and sophistication, posing risks to the company's information technology systems and potentially disrupting business operations[209]. - The company has invested in data protection and business continuity, but there is no assurance that these efforts will be fully successful against evolving cybersecurity threats[211]. - A cybersecurity incident could result in substantial harm, including major disruptions, loss of intellectual property, and significant remediation costs[213]. - The company maintains a cyber insurance policy, but there is no guarantee that coverage will be sufficient to address potential costs from cybersecurity incidents[215]. Employee Welfare and Corporate Responsibility - The company is committed to an inclusive workplace, emphasizing competitive salaries, comprehensive health insurance, and various employee benefits[120]. - The company’s employee relief fund provides immediate financial assistance to employees affected by natural disasters, showcasing its commitment to employee welfare[120]. - The company actively seeks to build sustainable relationships with diverse suppliers, emphasizing equal treatment and opportunities for minority-owned and woman-owned businesses[135]. - The company is committed to ethical operations and compliance with applicable laws, maintaining high standards of conduct across its business[134].

Financial Data and Key Metrics Changes - Revenue for Q4 2024 was just over $2 billion, representing a 7% year-over-year decrease largely driven by a decrease in volume [38] - Adjusted EBITDA for Q4 was a loss of $357 million [38] - Fleet utilization improved year-over-year for the first time in 2024, with a year-over-year utilization increase of 270 basis points from Q3 to Q4 [19][38] - The company expects DPU for Q1 2025 to be slightly below the Q4 2024 level, with a target to exit the year at below $300 per unit [40][68] Business Line Data and Key Metrics Changes - The fleet size was down 4% year-over-year in Q4, with a 7% reduction compared to the start of 2024 [30] - The company sold over 100,000 vehicles in Q4, significantly up from just over 30,000 in Q4 2023 [16] - The average cap cost of risk vehicles is almost 30% lower than the existing fleet of model year '22 through '24 car buys [16] Market Data and Key Metrics Changes - In 2024, Hertz serviced 154 million transaction days, with improved year-over-year utilization [19] - The company is focusing on markets with established product market fit and infrastructure for EVs, particularly in the rideshare business [20] Company Strategy and Development Direction - The company is implementing a "Back to Basics" roadmap anchored by three core financial pillars: fleet, revenue, and cost management [14] - Hertz is prioritizing retail as the primary car selling channel and enhancing digital purchasing experiences [18] - The company aims to maximize ARPU above $1,500 while focusing on durable demand and high RPD segments [71] Management's Comments on Operating Environment and Future Outlook - Management acknowledged 2024 as a challenging year but noted encouraging signs of progress and a commitment to transforming the company [9] - The company is confident in its ability to manage upcoming debt maturities and expects to start generating cash in the latter part of 2025 [50][100] - Management emphasized the importance of customer satisfaction as a cornerstone for driving durable demand and fostering loyalty [31] Other Important Information - The company completed a capital raise of $500 million to enhance liquidity and support operational plans [50] - Hertz has begun discussions aimed at resolving pending litigation with undefined timing [52] Q&A Session Summary Question: Metrics for gauging Hertz's operational progress - Management indicated that the North Star metric for fleet rotation is achieving a DPU of less than $300, with a focus on optimizing vehicle sales timing and channels [61][64] Question: Net DPU expectations for the year - Management clarified that the target is for net DPU to be below $300 by year-end, despite an inflated number in Q1 [68] Question: Fleet size trends and demand - Management expects to maintain a smaller fleet while maximizing ARPU and focusing on durable demand [70] Question: Medium or long-term margin expectations - Management suggested that achieving a DPU below $300, low 30s DOE, and $1,500 RPU are targets for future EBITDA production [76] Question: Impact of fleet rotation on pricing - Management noted that they are moving towards higher-margin sales channels and reducing reliance on auctions [104] Question: Cash and liquidity management - Management confirmed a strong liquidity position with $1.8 billion available, and plans to manage cash flow through fleet rotation [98][100] Question: Vehicle disposal strategies - Management is focusing on increasing retail sales channels and reducing auction sales to enhance margins [106] Question: Operational initiatives and cost headwinds - Management acknowledged ongoing operational improvements but noted some headwinds related to insurance and accounting changes [130]

HERTZ GLOBAL HOLDINGS, INC. Q4 2024 EARNINGS PRESENTATION IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS Certain statements made within this presentation contain forward-looking statements. Forward-looking statements are not guarantees of future performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Any forward-looking information relayed in this presentation speaks only as of February 13, 2025, and Hertz Global Holdings, Inc. ("Hertz Global" or the "C ...

Core Insights - Hertz Global Holdings, Inc. reported a quarterly loss of $1.18 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.72, representing an earnings surprise of -63.89% [1] - The company generated revenues of $2.04 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.72% and down from $2.18 billion a year ago [2] - Hertz Global shares have increased by approximately 16.4% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] Company Performance - Over the last four quarters, Hertz Global has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.65 on revenues of $2.07 billion, and for the current fiscal year, it is -$0.90 on revenues of $9.33 billion [7] - The estimate revisions trend for Hertz Global is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Services industry, to which Hertz Global belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]