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HTHTZ

Hertz Global Holdings, Inc.

Buzzing onWhy it's trendingMoving on elevated volumeStrong bullish X conversation
$HTZ·$717M·Rental & Leasing Services·Industrials
$2.24-4.5%YTD-70.8%1Y-57.3%
Mentions · last 7 days
2026-08-08: 345 posts2026-08-09: 246 posts2026-08-10: 596 posts2026-08-11: 564 posts2026-08-12: 580 posts2026-08-13: 483 posts2026-08-14: 209 posts3,077+24%
Price updated 13h ago·X counts updated 11h ago
HTHTZ
$HTZHertz Global Holdings, Inc.
$2.24-4.48%3.1k posts+24%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $HTZ, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptWinding up for a moveAI verdict · as of 2026-08-15

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

The rental business is showing its first real inflection since bankruptcy — and 69% of the free float is short into it.

Hertz is the rental-car operator that came out of bankruptcy in 2021, blew up its EV bet, and has traded like a penny stock for a year. The equity is down 71% YTD and class-action lawsuits are stacking up — but the operating metrics just showed the first real inflection since restructuring.

Where it stands:

  • The operating story is genuinely turning: Q2 revenue-per-unit finally cleared the company's $1,542 'North Star' target, adjusted EBITDA came in at $81M versus $18M a year ago, and the top-line grew 10.5% year-over-year — pricing discipline is now beating the fleet-depreciation drag.
  • The float dynamics are extreme: Knighthead sits at 50.9%, 69% of the free float is short and cost-to-borrow is above 50% — that's the specific setup Ackman is pointing at when he names $30 as a target from $2.24.
  • The capital structure is ugly: a fresh $350M PIK-toggle exchangeable note at 6.75% (structured with share-lending to help institutions hedge shorts), plus active class actions with a September 22 lead-plaintiff deadline.

The setup restarts if next quarter confirms revenue-per-unit above $1,542 and free cash flow turns visibly positive — that combination forces a covering wave into the extreme short base. Absent operational progress, the class-action drag and PIK dilution win, and $2 becomes the floor test.

What to watch: November 3 Q3 earnings: watch for revenue-per-unit above $1,542, positive free cash flow, and any progress statement on the class-action litigation. A confirmed operational inflection is what turns 69% short interest into a covering wave; miss the ops number and dilution wins.

On the calendar: 2026-09-22 — class-action lead-plaintiff deadline

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment126 posts analyzed · as of 2026-08-14

Hertz is being talked about as a squeeze-plus-turnaround setup. Posters cite Ackman's $30+ price target, the Q2 print showing revenue-per-unit finally clearing the $1,542 'North Star,' Adjusted EBITDA of $81M vs $18M year-ago, and a jaw-dropping 69% of free float still short with cost-to-borrow over 50%. Threads compare the setup to Avis in March 2026 and speculate about GME-like retail momentum. The measured note is technical — hold $2.40 or drop to $2.15 — but the dominant emotional register is 'squeeze on deck.'

Read the AI verdict + X sentiment for $HTZ

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What it does

Plain-English summary of the business — what they sell and how they make money.

Vehicle rental company operating Hertz, Dollar, and Thrifty brands across a global network of company-owned and franchised locations.

Industry overviewAI analysisGenerated by AI from underlying data

Where Rental & Leasing Services sits in its cycle right now — and what that implies for $HTZ.

Rental & Leasing Services · Industrials

No material change from last week — FTAI's aviation engine leasing and MRO products benefit from global air travel growth while Avis Budget captures leisure travel rental demand.

What this means for $HTZ

Partial — Vehicle rental company operating Hertz, Dollar, and Thrifty brands across a global network of company-owned and franchised locations; partial earnings exposure to rental & leasing services demand dynamics through its product portfolio.

Top industry ETF

$XLIIndustrial Select Sector SPDR
+19.8%YTD
+23.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-1.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
0.7%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
1.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-9.5%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.1Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
123%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
12.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
-26.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$-0.11$-0.24+54.0%
Q1 2026May 7, 2026$-0.72$-0.76+5.3%
Q4 2025Feb 26, 2026$-0.63$-0.51-22.5%
Q3 2025Nov 4, 2025$0.12$-0.02+700.0%
Next earningsTue, Nov 3·consensus EPS $0.32

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.0B+10.5%8.8%-2.9%$-1.06$-3.6B
Q4 FY25$2.0B-0.6%4.3%-8.1%$-0.62$-2.2B
Q3 FY25$2.5B-3.8%21.9%12.1%$0.59$626.0M
Q2 FY25$2.2B-7.1%14.1%2.9%$-0.95$-2.7B

Forward consensus

3-year forecast · up to 6 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$9.1B$8.9B – $9.3B-$0.95-$1.11 – -$0.786
FY27$9.4B$9.4B – $9.5B-$0.11-$0.25 – $0.046
FY28$9.8B$9.6B – $10.0B$0.38$0.37 – $0.395

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.12%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-20.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-52.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 340.3M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today10.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.265-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 11Michael S. MooreCOO40.9K sh$248K
+ 26 other (16 awards · 10 inkinds) in window

See when $HTZ insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentAug 10SC 13D/A
AI summary

Knighthead Capital Management (via CK Amarillo LP and related entities, including Certares Opportunities LLC) filed an SC 13D/A disclosing it beneficially owns 181,455,469 shares of Hertz Global Holdings (HTZ) common stock, representing 50.9% of the 356,451,393 shares outstanding as of July 30, 2026 (per Hertz's Q2 10-Q). Knighthead and Certares are major post-bankruptcy shareholders of Hertz. No new transaction was disclosed; the amendment updates the share count to reflect the latest outstanding figures.

8-KMaterial agreementJun 298-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

Hertz Global Holdings and The Hertz Corporation entered a material definitive agreement and created debt on June 24, 2026. Likely related to Hertz's concurrent S-3ASR shelf filing and broader balance sheet restructuring activity visible across multiple contemporaneous Hertz filings. Material financing event for Hertz's ongoing capital structure management.

424B5Prospectus supplement (offering)Jun 26424B5
AI summary

Hertz Global Holdings lent 37,037,037 shares to JPMorgan (as share borrower) to facilitate investor hedging of a concurrent $350M Exchangeable Senior First-Lien Secured PIK Notes due 2030 offering by a Hertz Corp subsidiary; the shares were sold at $2.70 per share and Hertz receives only a nominal lending fee. Complex PIK note structure in which share lending enables institutional hedging; the $2.70/share lending price is the effective dilution mechanism for common shareholders.

8-KPress release / Reg FDJun 258-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Hertz Global Holdings disclosed Reg FD and other events on June 25, 2026. The available excerpt consists primarily of XBRL structural metadata with no readable narrative content. Body unavailable — excerpt is XBRL header data with no readable investor presentation or event description.

8-KPress release / Reg FDJun 248-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Hertz Global Holdings disclosed Reg FD and other events on June 24, 2026. The available excerpt consists of XBRL co-registrant metadata for the dual-registrant filing structure (Hertz Global Holdings + The Hertz Corporation). Body unavailable — excerpt is XBRL co-registrant metadata only with no readable event description.

S-3ASRAuto-shelf registrationJun 24S-3ASR
AI summary

Hertz Global Holdings, Inc. filed an automatic shelf registration statement (Form S-3ASR) on June 24, 2026, enabling future issuances of debt, equity, and other securities as a large accelerated filer under Rule 462(e). Routine shelf registration to support ongoing and future capital markets activity; concurrent with multiple Hertz financing transactions disclosed in adjacent filings.

8-KPress release / Reg FDJun 248-K — Item 7.01: Press release / Reg FD
AI summary

Hertz Global Holdings filed a Reg FD disclosure on June 24, 2026. The available excerpt consists primarily of XBRL co-registrant metadata (Hertz Global Holdings + The Hertz Corporation as co-filers) with no readable Reg FD event narrative. Body unavailable — excerpt is XBRL co-registrant metadata with no actionable content.

8-KMaterial agreementJun 28-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

Hertz Vehicle Financing III LLC (HVF III), a wholly-owned special-purpose bankruptcy-remote subsidiary of The Hertz Corporation, issued Series 2026-1 Fixed Rate Rental Car Asset Backed Notes and a floating rate series to unaffiliated third-party investors on May 28, 2026; Hertz and The Hertz Corporation are co-registrants. Hertz is securitizing its rental car fleet via ABS notes, a standard funding mechanism for large rental car operators that provides cost-effective fleet financing while keeping the debt off the corporate balance sheet.

+ 16 other (3 earnings 8-Ks · 2 10-Qs · 2 13Gs · 2 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

HTZ Stockholders Have Rights – If You Lost Money Investing in Hertz Global Holdings, Inc. Contact Robbins LLP for Information About Recovering Your Lossesbusinesswire.com·14h agoKaplan Fox Encourages Hertz Global Holdings, Inc. (HTZ) Investors with Losses to Contact the Firm Before September 22, 2026newsfilecorp.com·21h agoHertz Investor Alert: Schall, Brown & Schwartz LLP Files Class Action Lawsuit Against Hertz Global Holdings, Inc. and Announces Opportunity for Investors to Lead Class Action Lawsuitglobenewswire.com·23h agoLost Money on Hertz Global Holding, Inc. (HTZ)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firmglobenewswire.com·1d agoHTZ SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Hertz Global Holdings, Inc. Investors - Contact Kirby McInerney LLP by September 22, 2026globenewswire.com·2d ago

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