Hertz (HTZ)
Rents and sells vehicles through Hertz, Dollar and Thrifty across Americas and international networks.
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Runs vehicle rental, value-added services, and fleet vehicle sales under Hertz, Dollar and Thrifty. The network is weighted toward the Americas but spans international locations, with results shaped by fleet costs, utilization, residual values, airport concessions, and third-party distribution.
Rents vehicles through the Hertz, Dollar and Thrifty brands, with value-added services such as waivers, protection products, fueling and emergency roadside support. Fleet vehicles also feed Hertz Car Sales and Rent2Buy after their rental use.
Operations are organized as Americas RAC and International RAC. The Americas segment covers the U.S., Canada, Latin America and the Caribbean and is the larger revenue base, while International RAC covers locations outside those regions across a broad franchise and company-operated footprint.
Execution centers on disciplined fleet management, revenue optimization and cost control after the post-bankruptcy relisting. Results depend on rental volume, pricing, vehicle utilization, acquisition costs, residual values, fleet financing, airport concessions, third-party distribution and brand recognition.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $3.50 | Target: $3 |
| Aug 14, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $5 | Target: $2.80 |
| Aug 10, 2026 | Susquehanna | Reiterate | Rating: —Target: $5.50 | Target: $2.50 |
| Jul 28, 2026 | Jefferies | Reiterate | Rating: —Target: $6 | Target: $2 |
| Jul 28, 2026 | Barclays | Reiterate | Rating: —Target: $21 | Target: $1 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $631.0M · Total debt $21.09B · Total assets $23.87B · Shareholders' equity −$628.0M
- Revenue
- $2.40B
- Operating income
- $171.0M
- Net income
- $64.0M
No dividends on record.
| Institutions | 105.55% | 376.23M shares | |
|---|---|---|---|
| 335 holders · as of Jun 30, 2026 | |||
| Insiders | 1.45% | 5.16M shares | |
| 14 holders · as of Jul 1, 2026 | |||
| Adds to | 107.00% | ||
356.45M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (356.45M in the company's Sep 22, 2026 report, 315.73M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 107.00%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Knighthead Capital Management, LLCInstitution | 50.91% | 181.46M | as of Jun 30, 2026 |
TD Securities (USA) LLCInstitution | 7.81% | 27.85M | filed May 15, 2026 |
BlackRock, Inc.Institution | 5.69% | 20.28M | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 4.30% | 15.33M | as of Jun 30, 2026 |
Pershing Square Holdco, L.P.Institution | 4.21% | 14.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | Michael S. Moore | officer: EVP, Chief Operating Officer | −40,919 | $6.07 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hertz | $1.88 | +1.35% | $584.1M | — | — | 0.1 | +9.7% |
| Avis Budget Group | $115.27 | −1.70% | $4.14B | — | 26.0 | 0.4 | −1.4% |
| Uber | $70.14 | −1.00% | $144.20B | 15.6 | 18.1 | 2.6 | +12.2% |
| Lyft | $14.91 | −2.36% | $5.80B | 2.2 | 13.7 | 0.9 | +16.1% |
| Median | 8.9 | 18.1 | 0.9 | +12.2% |