NYSE$HTZ

Hertz Global Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Hertz's Q4 2024 performance reflected revenue of $2.0 billion and a net loss of $479 million. The company focused on stabilizing the business and implementing changes to transform the company, while also completing the 30,000 EV fleet reduction. Narrowed year over year RPU declines and improved vehicle depreciation were also noted.

Hertz Global Holdings, Inc. reported Q4 2024 results with revenue of $2.0 billion and a GAAP net loss of $479 million, or $1.56 loss per diluted share. The company focused on stabilizing the business and implementing fundamental changes. A 30,000 EV fleet reduction announced in 2023 has been completed and the company had strong corporate liquidity of $1.8 billion at the end of the quarter.

  • Revenue for Q4 2024 was $2.0 billion.
  • GAAP net loss for Q4 2024 was $479 million, or $1.56 loss per diluted share.
  • The company completed its 30,000 EV fleet reduction plan.
  • Strong corporate liquidity of $1.8 billion was maintained at the end of 2024.

Headline financials

Total Revenue

$2.04B

Previous: $2.18B-6.6%
EPS (adj)

-$1.18

Previous: -$1.36+13.2%
Vehicle utilization

79.0%

No prior period
Total RPD

$56.27

No prior period
Total RPU per month

$1.36K

No prior period
Depreciation per unit

$418.00

No prior period
Capital Expenditures

-$2.69B

No prior period
Net Income

-$479M

Previous: -$348M-37.6%
Operating Income

-$563M

Previous: -$493M-14.2%
Gross Profit

-$43M

Previous: $65M-166.2%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.04B

Q4 2024-6.6%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Hertz is in the midst of an operational transformation grounded in its back to basics strategy aimed at strengthening the core business. The operational transformation is ongoing and is expected to be substantially completed by the end of 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-3.5%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+36.2%

Q3 2025

Best reaction

-23.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-4.1%-17.4%
Q4 2025+1.8%-1.8%+4.1%
Q3 2025+36.2%+33.2%+4.0%
Q1 2025-17.2%-4.0%-12.2%
Q4 2024-8.5%+5.4%-10.4%
Q3 2024+12.5%+20.2%+27.0%
Q2 2024-9.3%-11.0%-25.5%
Q1 2024-23.8%-21.6%-17.6%
Q4 2023+6.7%+2.8%-8.6%
Q3 2023-14.8%-16.7%-15.1%
Q2 2023-11.1%-8.2%-5.9%
Q1 2023+10.1%+7.0%+4.6%
Q4 2022+7.5%+3.6%+4.5%
Q3 2022-1.0%-5.3%-9.9%
Q2 2022+23.0%+18.2%+9.1%
Q1 2022-4.7%-11.0%-12.6%
Q4 2021+10.0%+13.1%+26.1%
Q3 2021+14.8%+29.8%-11.6%
Q2 2021+2.4%-2.7%+0.4%
Q1 2021
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Q1 2020
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Q1 2019
Q4 2018
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Q4 2016
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Q4 2015
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Q1 2014
Q4 2013
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Q1 2013
Q4 2012
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Q4 2011
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Q4 2010
Q3 2010
Q2 2010
Q1 2010

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