HTZ · Hertz Global Holdings, Inc

Track HTZ — free

$2.26 -0.09 (-3.62%)

Market Cap

$740.47M

315.76M

Up next

Next earnings call

Nov 4, 2026 Est · unconfirmed · in 12 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Aug 6, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Ask ALVIS about this →

Equibles Research

our published analysis of this company

Research Thesis August 9, 2026

Hertz's crowded short and improving print stage an asymmetric setup — dilution caps the ceiling

Short interest of 32.7% and a FINRA squeeze score of 92 meet a third straight quarter of RPD-DOE spread improvement, but -$786M of stockholders' equity and continued operating-cash outflow bound the upside.

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Sell Momentum Weak Sentiment Bearish Fundamentals Fair Quant / Vol Very High

Market backdrop VIX 14.6 · calm Equity put/call 0.59

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −50%

below

Price vs 50-day avg −19%

below

RSI (14) 52

neutral

MACD trend Positive

52-week position 13%

near low

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Weak

1-month return +25%

trailing

6-month return −50%

trailing

YTD return −54%

this year

Relative strength −63%

vs S&P · 6-mo

Sentiment

smart money

Bearish

Trend (MA cross) No cross

50d $3 › 200d $5 — 200d above 50d

Institutional flow Distributing

230 of 303 funds reported for Jun 30 · net -5.9M sh shares · +36 new

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

32.69% of float · ▲ +5.8% MoM · 6.0 days cover

Volume signal Reversal watch

High volume on a down day — possible exhaustion

Institution breadth Steady

303 holders — mid 3-yr range

Squeeze score 81

high risk · 0–100

Fundamentals

Fair

Revenue growth −6%

Y/Y

EPS growth +74%

Y/Y

Buyback $874.0M

remaining

Balance sheet $15.1B

net debt

Quant / Vol

risk profile

Very High

Volatility 99%

annualized · 1-yr

Max drawdown −81%

past year

ATR 14.0%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Aug 6, 2026

Revenue per Unit (RPU) · full year at least $1,500

Net Depreciation per Unit per Month (Net DPU) · full year up to $300

Prior guidance period ended · from the Earnings Call filed Dec 31, 2024

DPU · exit of 2025 up to $300

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 3 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−50% Bearish

Price vs 50-day avg

−19% Bearish

RSI (14)

52 Neutral

MACD trend

Positive Bullish

52-week position

13% Bearish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $3 › 200d $5 — 200d above 50d

Institutional flow Distributing

230 of 303 funds reported for Jun 30 · net -5.9M sh shares · +36 new

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

32.69% of float · ▲ +5.8% MoM · 6.0 days cover

Volume signal Reversal watch

High volume on a down day — possible exhaustion

Institution breadth Steady

303 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $2 Now $2 · 13% Range high $8

vs 200-day avg -50% vs 50-day avg -19%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted Corporate EBITDA non-GAAP	$81M	Three Months Ended June 30, 2026 filing	+8000.0%

Adjusted DOE per Transaction Day (in dollars) non-GAAP	$37.49	Three Months Ended June 30, 2026	—

Adjusted free cash flow non-GAAP	-$304M	Six Months Ended June 30, 2026	—

Adjusted operating cash flow non-GAAP	-$319M	Six Months Ended June 30, 2026	—

Americas RAC Adjusted DOE per Transaction Day (in dollars) non-GAAP	$38.13	Three Months Ended June 30, 2026	—

Americas RAC Adjusted EBITDA non-GAAP	$88M	Three Months Ended June 30, 2026	+109.5%

Americas RAC Average Rentable Vehicles (in whole units)	405,972	Six Months Ended June 30, 2026	—

Americas RAC Average Vehicles (in whole units)	424,647	Six Months Ended June 30, 2026	—

Americas RAC Depreciation Per Unit Per Month (in whole dollars)	$311	Six Months Ended June 30, 2026	—

Americas RAC DOE per Transaction Day	$38.36	Six Months Ended June 30, 2026	—
Americas RAC Operational Vehicle Utilization	81%	Six Months Ended June 30, 2026	—
Americas RAC Total RPD (in dollars)	$59.65	Six Months Ended June 30, 2026	—

Americas RAC Total RPU Per Month (in whole dollars)	$1,456	Six Months Ended June 30, 2026	—

Americas RAC Transaction Days (in thousands)	59.46M	Six Months Ended June 30, 2026	—

Available Car Days (in thousands)	9.73M	Q2 FY2026	—

Average Rentable Vehicles (in whole units)	505,597	Six Months Ended June 30, 2026	—

Average Vehicles (in whole units)	526,640	Six Months Ended June 30, 2026	—

Depreciation Per Unit Per Month (in whole dollars)	$304	Three Months Ended June 30, 2026 filing	+21.1%

DOE per Transaction Day	$38.05	Six Months Ended June 30, 2026	—
International RAC Adjusted DOE per Transaction Day (in dollars) non-GAAP	$34.74	Three Months Ended June 30, 2026	—

International RAC Average Rentable Vehicles (in whole units)	106,986	Three Months Ended June 30, 2026	—

International RAC Average Vehicles (in whole units)	109,653	Three Months Ended June 30, 2026	—

International RAC Total RPD (in dollars)	$61.49	Three Months Ended June 30, 2026	—

International RAC Total RPU Per Month (in whole dollars)	$1,485	Three Months Ended June 30, 2026	—

International RAC Transaction Days (in thousands)	7.75M	Three Months Ended June 30, 2026	—

LTM Adjusted Corporate EBITDA non-GAAP	-$59M	Six Months Ended June 30, 2026	—
Net Debt non-GAAP	$17.96B	As of June 30, 2026	+7.4%
Net fleet growth after financing non-GAAP	-$50M	Six Months Ended June 30, 2026	-135.7%

Operational Vehicle Utilization	80%	Six Months Ended June 30, 2026	—
Total Available Car Days (in thousands)	9.98M	Q2 FY2026	—
Total RPD (in dollars)	$59.8	Six Months Ended June 30, 2026	—

Total RPU Per Month (in whole dollars)	$1,450	Six Months Ended June 30, 2026	—

Total Vehicle Utilization	77%	Six Months Ended June 30, 2026	—
Transaction Days (in thousands)	73.54M	Six Months Ended June 30, 2026	—

Adjusted EBITDA non-GAAP	-$103M	Three Months Ended March 31, 2026 filing	—

International RAC Depreciation Per Unit Per Month (in whole dollars)	$277	Three Months Ended March 31, 2026 filing	+4.5%

Vehicle Utilization	76%	Three Months Ended March 31, 2026 filing	-3.8%

Adjusted Diluted Earnings (Loss) Per Share non-GAAP	-$0.72	Q1 2026	—

Adjusted Net Income (Loss) non-GAAP	-$224M	Three Months Ended March 31, 2026	—

Adjusted operating cash flow before vehicle investment non-GAAP	-$181M	Three Months Ended March 31, 2026	—

Americas RAC Depreciation Per Unit Per Month	$319	Q1 2026	—

International RAC Adjusted EBITDA non-GAAP	-$2M	Q1 2026	—

International RAC Adjusted EBITDA Margin non-GAAP	-1%	Q1 2026	—

International RAC Depreciation Per Unit Per Month	$277	Q1 2026	—

Total revenue per unit non-GAAP	$4,058	Q1 2026	—

Total Revenues - adjusted for foreign currency non-GAAP	$2B	Q1 2026	—

Adjusted Corporate EBITDA Margin non-GAAP	-10%	Three Months Ended December 31, 2025	—

Americas RAC Adjusted EBITDA Margin non-GAAP	-8%	Three Months Ended December 31, 2025	—

Depreciation Per Unit Per Month	$330	Three Months Ended December 31, 2025	—

Hertz Gold+ members as a percentage of worldwide rental transactions	33%	the year ended December 31, 2025 filing	—
Total RPD	$55.67	Three Months Ended December 31, 2025	-2.5%

Total RPU Per Month	$1,334	Three Months Ended December 31, 2025	—

Adjusted EBITDA (International RAC) non-GAAP	$100M	Q3 2025	—

Adjusted EBITDA Margin (International RAC) non-GAAP	18%	Q3 2025	—

Adjusted Net Income non-GAAP	$43M	Q3 2025	—

Average Rentable Vehicles (Americas RAC)	401,105	Nine Months Ended September 30, 2025	—

Average Rentable Vehicles (Global RAC)	506,040	Nine Months Ended September 30, 2025	—

Average Rentable Vehicles (International RAC)	104,935	Nine Months Ended September 30, 2025	—

Average Vehicles (Americas RAC)	424,707	Nine Months Ended September 30, 2025	—

Average Vehicles (Global RAC)	530,883	Nine Months Ended September 30, 2025	—

Average Vehicles (International RAC)	106,176	Nine Months Ended September 30, 2025	—

Corporate liquidity	$2.2B	Q3 2025	+37.5%

Depreciation Per Unit Per Month (Americas RAC)	$299	Nine Months Ended September 30, 2025	—

Depreciation Per Unit Per Month (Global RAC)	$291	Nine Months Ended September 30, 2025	—

Depreciation Per Unit Per Month (International RAC)	$259	Nine Months Ended September 30, 2025	—

Total RPD (Americas RAC)	$56.61	Nine Months Ended September 30, 2025	—

Total RPD (Global RAC)	$56.27	Nine Months Ended September 30, 2025	—

Total RPD (International RAC)	$54.95	Nine Months Ended September 30, 2025	—

Total RPU Per Month (Americas RAC)	$1,421	Nine Months Ended September 30, 2025	—

Total RPU Per Month (Global RAC)	$1,402	Nine Months Ended September 30, 2025	—

Total RPU Per Month (International RAC)	$1,330	Nine Months Ended September 30, 2025	—

Transaction Days (Americas RAC)	90.62M	Nine Months Ended September 30, 2025	—

Transaction Days (Global RAC)	113.48M	Nine Months Ended September 30, 2025	—

Transaction Days (International RAC)	22.87M	Nine Months Ended September 30, 2025	—

Vehicle Utilization (Americas RAC)	85%	Q3 2025	—

Vehicle Utilization (Global RAC)	84%	Three Months Ended September 30, 2025	—

Vehicle Utilization (International RAC)	80%	Nine Months Ended September 30, 2025	—

Average Rentable Vehicles (in whole units) - Americas RAC Segment	407,336	Three Months Ended June 30, 2025	—

Average Rentable Vehicles (in whole units) - International RAC Segment	105,518	Three Months Ended June 30, 2025	—

Average Vehicles (in whole units) - Americas RAC Segment	435,737	Three Months Ended June 30, 2025	—

Average Vehicles (in whole units) - International RAC Segment	106,795	Three Months Ended June 30, 2025	—

Depreciation Per Unit Per Month (in whole dollars) - Americas RAC Segment	$248	Three Months Ended June 30, 2025	—

Depreciation Per Unit Per Month (in whole dollars) - International RAC Segment	$261	Three Months Ended June 30, 2025	—

Percentage of program vehicles as of period end	26%	Three Months Ended June 30, 2025 filing	+550.0%

Total RPD (in dollars) - Americas RAC Segment	$56.08	Three Months Ended June 30, 2025	—

Total RPD (in dollars) - International RAC Segment	$53.93	Three Months Ended June 30, 2025	—

Total RPU Per Month (in whole dollars) - Americas RAC Segment	$1,420	Three Months Ended June 30, 2025	—

Total RPU Per Month (in whole dollars) - International RAC Segment	$1,322	Three Months Ended June 30, 2025	—

Transaction Days (in thousands) - Americas RAC Segment	30.94M	Three Months Ended June 30, 2025	—

Transaction Days (in thousands) - International RAC Segment	7.76M	Three Months Ended June 30, 2025	—

Vehicle Utilization - Americas RAC Segment	83%	Three Months Ended June 30, 2025	—
Vehicle Utilization - International RAC Segment	81%	Three Months Ended June 30, 2025	—
Americas RAC Segment Average Rentable Vehicles (in whole units)	386,757	Q1 2025	—

Americas RAC Segment Average Vehicles (in whole units)	413,381	Q1 2025	—

Americas RAC Segment Depreciation Per Unit Per Month (in whole dollars)	$372	Q1 2025	—

Americas RAC Segment Total RPD (in dollars)	$53.68	Q1 2025	—

Americas RAC Segment Total RPU Per Month (in whole dollars)	$1,284	Q1 2025	—

Americas RAC Segment Transaction Days (in thousands)	27.76M	Q1 2025	—

Americas RAC Segment Vehicle Utilization	80%	Q1 2025	—

International RAC Segment Average Rentable Vehicles (in whole units)	90,516	Q1 2025	—

International RAC Segment Average Vehicles (in whole units)	91,343	Q1 2025	—

International RAC Segment Depreciation Per Unit Per Month (in whole dollars)	$265	Q1 2025	—

International RAC Segment Total RPD (in dollars)	$52.07	Q1 2025	—

International RAC Segment Total RPU Per Month (in whole dollars)	$1,178	Q1 2025	—

International RAC Segment Transaction Days (in thousands)	6.14M	Q1 2025	—

International RAC Segment Vehicle Utilization	75%	Q1 2025	—

Loyalty enrollments	11%	Q1 2025	—
Net Promoter Scores improvement	11	Q1 2025	—
Total revenue per unit (in whole dollars)	$3,792	Three Months Ended March 31, 2025	—

Americas RAC Total revenue per unit (in whole dollars)	$3,852	Three Months Ended March 31, 2025 filing	—
International RAC Total revenue per unit (in whole dollars)	$3,534	Three Months Ended March 31, 2025 filing	—
Total Hertz Global and Hertz Adjusted EBITDA non-GAAP	-$325M	Three Months Ended March 31, 2025 filing	—

Americas RAC Available Car Days (in thousands)	155.94M	Twelve Months Ended December 31, 2024	+1.1%

Americas RAC Vehicle Utilization	80%	Twelve Months Ended December 31, 2024	-1.2%

International RAC Available Car Days (in thousands)	38.32M	Twelve Months Ended December 31, 2024	+0.7%

International RAC Vehicle Utilization	76%	Twelve Months Ended December 31, 2024	+0.0%

Long-Lived Assets impairment	$183M	Three Months Ended September 30, 2024 filing	—
Adjusted free cash outflow non-GAAP	$553M	Three Months Ended June 30, 2024	+30.7%

Adjusted operating cash outflow non-GAAP	$576M	Three Months Ended June 30, 2024	—

Adjusted EBITDA - Americas RAC non-GAAP	-$488M	Three Months Ended March 31, 2024	—
Adjusted EBITDA - Total Hertz Global non-GAAP	-$567M	Three Months Ended March 31, 2024 filing	—
Adjusted EBITDA Margin - Americas RAC non-GAAP	-28%	Three Months Ended March 31, 2024	—
Average Rentable Vehicles (in whole units) - Global RAC	529,232	Three Months Ended March 31, 2024	—

Average Vehicles (in whole units) - Global RAC	547,492	Three Months Ended March 31, 2024	—

Depreciation Per Unit Per Month (in whole dollars) - Global RAC	$592	Three Months Ended March 31, 2024	—

Total RPU Per Month (in whole dollars) - Global RAC	$1,316	Three Months Ended March 31, 2024	—

Transaction Days (in thousands) - Global RAC	36.85M	Three Months Ended March 31, 2024	—

Total RPD (in dollars) - Global RAC	$60.62	Twelve Months Ended December 31, 2023	—
incremental net depreciation expense related to the sale	$245M	the fourth quarter of 2023	—
Americas RAC Segment Adjusted EBITDA non-GAAP	$302M	Q3 2023	—
Americas RAC Segment Adjusted EBITDA Margin non-GAAP	14%	Q3 2023	—
Available Car Days - Americas RAC	40.71M	Three Months Ended September 30, 2023	—
Available Car Days - Global RAC	51.74M	Three Months Ended September 30, 2023	—
Common shares repurchased	3M	Q3 2023	—
International RAC Segment Adjusted EBITDA non-GAAP	$109M	Q3 2023	—
International RAC Segment Adjusted EBITDA Margin non-GAAP	21%	Q3 2023	—
Share repurchase	$100M	Q2 2023	—
Off airport revenues as a percentage of worldwide vehicle rental revenues	32%	fiscal 2022 filing	—
Rentals by Hertz Gold Plus Rewards members as a percentage of worldwide rental transactions	32%	Year ended December 31, 2022 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Rental & Leasing Services — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
HTZ Hertz Global Holdings, Inc this stock	$740.47M	-54.4%	-6.0%	—	32.7%
URI United Rentals, Inc.	$70.75B	+38.5%	+4.9%	28.8	2.2%
SUNB Sunbelt Rentals Holdings, Inc.	$32.98B	—	+3.4%	—	2.8%
AER AerCap Holdings N.V.	$23.81B	+3.8%	+6.5%	—	0.7%
UHAL U-Haul Holding Co /NV/	$14.46B	+46.8%	+3.6%	—	0.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

306

% held: 134.6%
Reported: 230 of 303
Top holder: Knighthead Capital Manage…

Held Float

View

Held by Funds

Fund positions

303

View

Short & Settlement

Short Interest Rising

Shares short

103.2M

Days to cover: 6.0d
Change: +5.7M sh

View

Short Volume

Short vol %

56%

As of: Aug 13, 2026

Short Total

View

Fails to Deliver

FTD shares

574.6K

Value: $1.1M
As of: Jul 14, 2026

View

Off-Exchange

Off-exchange %

58.7%

Week of: Jul 6, 2026

Off-exch Lit

View

Smart Money

Congressional Trades Buy

Member

Daniel Crenshaw

Amount: $1.0K–$15.0K
Traded: Mar 26, 2020

View

Financials

Revenue (FY)

$8.5B

Net income (FY): $-747.0M
EPS diluted: $-2.43

View

Buybacks

Authorized

$2.0B

Remaining: $874.0M

Spent Remaining

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 6, 2026
This year: 15

View

Proposed Sales

Value

$248.3K

Shares: 40.9K
Filed: May 11, 2026

View

Earnings & Events

Earnings Calls

Last call

Aug 6, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
HTZ	+16.1%	+25.4%	-49.7%	+48.0%	-54.4%
SPY	+1.2%	+3.6%	+12.8%	+4.1%	+14.1%
vs SPY	+14.9%	+21.8%	-62.6%	+43.8%	-68.5%

Capital returns

Buyback program · as of Dec 31, 2025

Authorized

$2.00B

Spent (derived)

$1.13B

Remaining

$874.00M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1657853 CUSIP 42806J700 13F (30d) 197 filings 193 filers Visit website Investor relations

HTZ · Hertz Global Holdings, Inc

Price & Indicators

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AI Brief

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns