Hertz Global

Morgan Stanley analyst Andrew Percoco lowered the price target for Hertz Global from $5 to $3 and kept a Hold rating, citing a 40% cut to 2026 adjusted EBITDA and a 17% cut to 2027 estimates. The revisions reflect higher depreciation per unit and softness in the used-car market, which management warned could push Q2 depreciation toward about $300 per unit while maintaining full-year EBITDA margin guidance of 3%–6%. Hertz shares fell sharply recently amid a major capital raise and reduced earnings guidance. » Altro su finance.yahoo.com

Hertz Global reported a $2 billion year-over-year improvement in profitability for 2025, driven by its Back-to-Basics strategy and revenue of $8.5 billion. The company cited a 44% improvement in depreciation per unit, a 200-basis-point increase in fleet utilization and a nearly 50% rise in Net Promoter Score. Q4 faced over $100 million in transitory headwinds and a $60 million non-cash depreciation charge, but Hertz ended the quarter with $1.5 billion in liquidity and a 6% improvement in adjusted direct operating expenses per transaction day. For Q1 2026 the company expects mid-single-digit revenue growth supported by favorable pricing and improving residual values. » Altro su finance.yahoo.com