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Hertz Global Holdings, Inc.
$1.6B
Market Cap
7.5
P/E
PEG
-1.4%
ROCE
488.2%
ROE
-42.11
D/E
-3.6%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for HTZ including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Hertz Global Holdings, Inc. operates as a vehicle rental company.

Key Ratios Snapshot
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📈 Growth Pattern
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⭐ Superinvestors Holding HTZ
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Manager Shares Value % of Fund Period
Bill Ackman Pershing Square Capital Management 15.24M $70.3M 0.51% Mar 2026
Steve Cohen Point72 Asset Management 1.15M $5.3M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 3 quarters Full tone analysis in Intelligence →
📊 MIXED Hertz Q1 revenue up 11% to $2B; launches Oro mobility; on track for $1B EBITDA by 2027
Revenue & Profitability
Revenue was $2.0 billion, up 11% year-over-year. GAAP net loss was -$333 million; adjusted net loss was -$224 million, an improvement of $105 million. Adjusted EBITDA was -$161 million, a $141 million improvement year-over-year. EBITDA margin improved to -8% from -17%. Net DPU was $312, with gross DPU of $296; full-year net DPU is expected below $300.
Outlook
Management sees positive industry demand with pricing discipline improving since late Q4 2025 and continuing into Q2 2026. Headwinds include a nearly 300% increase in vehicle recalls, a partial government shutdown, and storm disruptions. The company believes its commercial strategies are driving structural improvements in RPD and RPU.
Growth Drivers
Key growth levers include commercial strategies improving RPD and RPU, scaling the Oro mobility platform (currently in Atlanta, LA, San Francisco, and Northern New Jersey), expanding Hertz Car Sales through omni-channel partnerships with Amazon Autos and eBay, and growing Finance & Insurance (best F&I revenue in 3.5 years). Off-airport and rideshare rental are also growing.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Full-year 2026 EBITDA margin guidance is 3%-6%, with Q2 expected in the low-to-mid single-digit range. DOE per transaction day was $38.43, up 1.7% (normalized improved 1.6%). RPD to DOE spread improved 12% year-over-year. Management needs about 10-15% more scale to reach sub-$35 DOE per day. Core cost discipline is improving.
Key Risks
Elevated recalls (nearly 300% higher year-over-year) reduced utilization by 200 basis points and impacted EBITDA by over $25 million. Limited capacity growth in H1 may pressure unit costs. The Wells Fargo litigation settlement drains liquidity. AV adoption pace remains uncertain.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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