Hertz Global Holdings, Inc. (HTZ) Stock Price & Analysis
Hertz Global Holdings, Inc. (HTZ) closed at USD 2.18 on Thursday, October 22, 2026, up 5.31% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.07; the Oct 22, 2026 session ranged USD 2.03–2.45 on volume of 49,692,692 shares. Market capitalization is $777.06M, with a 52-week range of USD 1.45–8.18 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HTZ.md
Key facts (HTZ)
- Last four reported quarters (through Jun 30, 2026): revenue $8.91B, net income -$279M (-3.1% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold HTZ (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $248K; 1 not under a Rule 10b5-1 plan ($248K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Sell (mean 3.56 on a 1–5 scale) (9 analysts), mean target USD 2.13 (range 1–2.8).
- Total return with dividends: 1Y -58.0% vs S&P 500 +14.9%; 5Y -91.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.25, revenue estimate $2.62B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HTZ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.34B | $8.69B | $9.37B | $9.05B | $8.50B | $8.91B |
| Net income | $366M | $2.06B | $616M | -$2.86B | -$747M | -$279M |
| EPS (diluted) | -$0.27 | $3.36 | $1.39 | -$9.34 | -$2.43 | — |
| Net margin | 5.0% | 23.7% | 6.6% | -31.6% | -8.8% | -3.1% |
| Revenue growth | +39.5% | +18.4% | +7.9% | -3.4% | -6.0% | — |
| Cash + short-term investments | $2.26B | $943M | $764M | $592M | $565M | — |
| Total debt | $10.9B | $13.9B | $15.7B | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (HTZ)
P/S 0.1x · EV/Sales 2.2x · Earnings yield -35.90% · Net debt $18.4B · EV $19.2B
P/E at fiscal year-ends: Dec 2023 5.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (HTZ)
1 of 80 tracked investors hold HTZ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Ackman | Pershing Square | 0.17% | $34.0M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (HTZ)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-11 | Moore Michael S. | EVP, Chief Operating Officer | 40,919 | $248K | 3.5% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HTZ)
Consensus Sell (mean 3.56 on a 1–5 scale), 9 analysts; mean target USD 2.13 (low 1, high 2.8).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Morgan Stanley | Target lowered | Equal-Weight | $3 → $2.5 |
| 2026-09-11 | Morgan Stanley | Target lowered | Equal-Weight | $3.5 → $3 |
| 2026-08-10 | Susquehanna | Target lowered | Neutral | $5.5 → $2.5 |
| 2026-07-28 | Barclays | Target lowered | Underweight | $3 → $1 |
| 2026-07-24 | Goldman Sachs | Target lowered | Sell | $3 → $2 |
| 2026-06-30 | Morgan Stanley | Target lowered | Equal-Weight | $5 → $3.5 |
Total return (dividends reinvested) (HTZ)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -58.0% | -91.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -58.1% | -38.4% |
| Volatility (annualized) | 101.6% | 80.8% |
| Max drawdown | -80.7% (Apr 2026→Aug 2026) | -95.4% (Nov 2021→Jul 2026) |
HTZ revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas RAC | $1.92B | 80.1% | +10.4% |
| International RAC | $478.0M | 19.9% | +6.9% |
| Total revenue | $2.40B | 100% | — |
HTZ revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $1.84B | 76.6% | +11.1% |
| International | $560.0M | 23.4% | +5.3% |
| Total revenue | $2.40B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HTZ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (AMZN) | “We have also launched Hertz Car Sales nationwide on Amazon Autos further allowing us to meet customers where they are with a faster, more convenient car buying experience on one of the leading digital marketplaces.” |
| Partner | HERC HOLDINGS INC (HRI) | “In connection with the separation of the car rental business in 2016, the Company executed an agreement with Herc Holdings Inc. that contains mutual indemnification clauses and a customary indemnification provision with respect to liability arising out of, or resulting” |
Quoted from the company's 10-K filed Feb 26, 2026.
HTZ company outlook (results filed Aug 6, 2026)
- “Hertz's U.S. core fleet now consists of approximately 94% model year 2025 and 2026 vehicles. • Adjusted Direct Operating Expense (DOE) per Day increased 4% year over year; slightly higher than the Company's expectations, due primarily to higher revenue-related variable costs and higher expenses related to sale leaseback transactions.”
- “Continued commercial momentum drove RPU above both the Company's expectations and its North Star target, increasing 8% year over year despite elevated recalls.”
- “As a result of this continued momentum, backed by a more balanced industry supply-demand environment, Hertz's full-year RPU is expected to trend above its North Star target of $1,500.”
- “The Company produced Net DPU in line with its revised expectations at $302.”
Quoted word-for-word from the SEC 8-K results press release.
HTZ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.25 | $0.44 | -43.0% | $2.62B | 8 |
| Next quarter (ends Dec 2026) | $-0.27 | $-0.28 | -2.6% | $2.18B | 8 |
| Current fiscal year (ends Dec 2026) | $-0.81 | $-0.71 | +14.6% | $9.19B | 8 |
| Next fiscal year (ends Dec 2027) | $-0.14 | $-0.00 | +41336.4% | $9.55B | 8 |
HTZ options: expected move
Options price a move of about ±31.4% (±$0.69) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±11.3%. Over the last 8 reports the stock moved ±15.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 160.5% | ±19.2% |
| Nov 6, 2026 | 14 | 170.3% | ±31.4% |
| Nov 13, 2026 | 21 | 158.2% | ±29.1% |
| Nov 20, 2026 | 28 | 146.0% | ±31.4% |
| Nov 27, 2026 | 35 | 141.0% | ±33.6% |
| Dec 4, 2026 | 42 | 138.3% | ±35.9% |
| Dec 18, 2026 | 56 | 127.0% | ±38.5% |
| Jan 15, 2027 | 84 | 118.5% | ±42.3% |
30-day implied volatility 148.5% vs 68.7% realized over the last 30 trading days. Put/call ratio (volume) 0.22. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 2.18 |
|---|---|
| Change | ▲ 5.31% (up) |
| Previous Close | USD 2.07 |
| Open | USD 2.03 |
| Day Range | USD 2.03 – 2.45 |
| 52-Week Range | USD 1.45 – 8.18 |
| Volume | 49,692,692 shares |
| Market Cap | $777.06M |
| Exchange | NMS |
Technical Analysis (HTZ)
Nexqual's technical model rates HTZ "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 59.95 (neutral) |
| vs SMA50 | Above (USD 1.99) |
| MACD | 0.01 (positive) |
Analyst Ratings (HTZ)
Wall Street analysts rate HTZ "Sell" based on 9 analysts, with a mean price target of USD 2.13 (range USD 1–2.8), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 2.13 |
| High Target | USD 2.8 |
| Low Target | USD 1 |
| Buy / Hold / Sell | 0 / 6 / 3 |
Earnings (HTZ)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.25 |
| Revenue Estimate | $2.62B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.11 vs est -0.25 ▲ beat |
| 2026-03-31 | USD -0.72 vs est -0.72 ▼ miss |
| 2025-12-31 | USD -0.63 vs est -0.52 ▼ miss |
| 2025-09-30 | USD 0.12 vs est 0.07 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (HTZ)
| Total Revenue | $8.91B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.70% |
| Gross Margin | +16.32% |
| Operating Margin | +7.14% |
| Profit Margin | -3.13% |
| Current Ratio | 0.57 |
| Total Cash | $635.00M |
| Total Debt | $21.09B |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (HTZ)
Nexqual rates Hertz Global Holdings, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Weak — Revenue -6% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 16%, operating 7% (last 12 months) |
| Balance Sheet | Mixed — $631M cash and investments vs $19.1B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $1.63B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — No data |
Ownership (HTZ)
| Insider Ownership | +1.29% |
|---|---|
| Institutional Ownership | +105.34% |
| Shares Outstanding | 356.45M |
| Float | 170.60M |
| Short % of Float | +71.35% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (HTZ)
Hertz Global Holdings, Inc. is led by Wayne Gilbert West, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Director | Wayne Gilbert West |
|---|---|
| Executive VP & CFO | Scott M. Haralson |
| President of Service Division, COO & EVP | Michael S. Moore |
| President of Rental Division, Executive VP & Chief Administrative Officer | Christopher G. Berg |
| Executive Vice President & Chief Human Resources Officer | Jyoti Chopra |
Major Backers & Investors (HTZ)
Notable institutional backers of Hertz Global Holdings, Inc. include Knighthead Capital Management, LLC, Jane Street Group, LLC, Pershing Square, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Knighthead Capital Management, LLC | 38.39% |
| Jane Street Group, LLC | 3.24% |
| Pershing Square | 3.17% |
| UBS Group AG | 2.89% |
| Balyasny Asset Management LP | 1.38% |
| Ghisallo Capital Management, LLC | 1.22% |
| Federated Hermes MDT Series-Federated Hermes MDT Small Cap Core Fund | 0.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 4.29% |
| Vanguard Group | 2.51% |
| State Street | 1.35% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Hertz Global Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- As of December 31, 2025, we operated our vehicle rental business globally from approximately 11,000 company-operated and franchisee locations across approximately 160 countries and jurisdictions, including the U.S., Europe, Africa, Asia, Australia, Canada, the Caribbean, Latin America, the Middle East and New Zealand.
- We are one of the largest worldwide vehicle rental companies and our Hertz brand name is among the most recognized globally.
- Our approach balances disciplined execution today with systematic innovation for tomorrow, leveraging industry experience to adapt to evolving market dynamics and position us for sustainable growth in the future of mobility.
- Franchisee arrangements enable us to offer expanded national and international service and a broader one-way rental program.
Partnerships
- We have partnered with certain ride share companies to offer vehicle rentals, including EVs, to their drivers in select cities in North America and Europe.
- The subjects of these regulations include the methods by which we advertise, the methods used to quote and charge prices, the consequences of failing to honor reservations, the terms on which we deal with vehicle loss or damage (including the protections we provide to renters purchasing loss or damage waivers) and the terms and method of sale of the optional insurance coverage that we offer.
Legal & Regulatory Risks (Item 1A, quoted)
- Our U.S. and foreign operations expose us to risks that may materially adversely affect our results of operations, financial condition, liquidity and cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WLFC | Willis Lease Finance Corporatio | USD 40.3 | ▲ 3.04% |
| PRG | PROG Holdings, Inc. | USD 31.83 | ▲ 3.85% |
| LIME | Neutron Holdings, Inc. | USD 26.83 | ▼ 2.98% |
| VSTS | Vestis Corporation | USD 14.55 | ▼ 1.89% |
| CTOS | Custom Truck One Source, Inc. | USD 8.87 | ▼ 5.13% |
| MGRC | McGrath RentCorp | USD 116.81 | ▲ 2.22% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt