Hertz Global Holdings, Inc. (HTZ)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
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At close: 04:00PM EDT
Pre-market:
| Previous close | 5.8000 |
| Open | 5.2100 |
| Bid | 4.6600 x 2100 |
| Ask | 4.7100 x 1900 |
| Day's range | 4.3500 - 5.3000 |
| 52-week range | 4.3500 - 19.3600 |
| Volume | |
| Avg. volume | 5,705,514 |
| Market cap | 1.431B |
| Beta (5Y monthly) | 2.00 |
| PE ratio (TTM) | 27.53 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance
Hertz loses another $200 million from its EVs
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
- Fortune
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can’t sell them fast enough
Three years ago, investing in a fleet of 100,000 is what helped the car rental company emerge from bankruptcy.
- Reuters
Hertz Global eyes worst day on record as EV rental business falters
Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business. Higher repair costs also weighed on the company's overall fleet maintenance expenses. The Estero, Florida-based company said it took a $588 million hit in vehicle depreciation costs during the quarter, of which $195 million was related to EVs held for sale.
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