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Stock Market & Financial Investment News

News Breaks
March 18, 2014
10:43 EDTHTZHertz sees FY14 gross fleet investment $600M-$675M
Says went into October significantly over-fleeted. Says excess fleet made it more difficult to optimize pricing. Says aggressively selling fleet. Says rolling out price optimization system. Says Q4 challenges were unusual and temporary. Says excess fleet situation is "nearly behind us." Expects to see similar trends and expenses associated with excess fleet in Q1 as Q4 , "but after that those costs will be behind us." The company said its priority for FY14 is double digit revenue growth. Says expects to be able to tighten guidance range as the company has more flexibility throughout the year. Expects more growth in Europe as market stabilizes. Expects international revenue fleet costs to be down low single digits in FY14. Says fleet utilization should progressively improve starting in the second quarter but expects to get back to the 2012 to 80% plus rate this year. Expects rental car performance to gain viability and recognition among shareholders. Says sees being active in returning shareholder value. Comments made during the company's Q4 earnings conference call
News For HTZ From The Last 14 Days
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October 21, 2014
14:09 EDTHTZThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
11:02 EDTHTZHertz, United Airlines upgrade partnership
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08:12 EDTHTZNissan selects Hertz as exclusive mobility partner
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October 20, 2014
08:58 EDTHTZJana Partners reports 7% stake in Hertz, says may engage in talks
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October 15, 2014
08:34 EDTHTZHertz subsidiary Hertz Equipment Rental launches In Panama
Hertz' wholly owned subsidiary Hertz Equipment Rental Corporation has announced its launch in Panama City, Panama to deliver specialty equipment rental solutions for the construction, industrial, and government sectors.
October 14, 2014
05:58 EDTHTZStocks with implied volatility above IV index mean; HTZ SD
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October 13, 2014
06:03 EDTHTZStocks with implied volatility above IV index mean; HTZ MU
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October 10, 2014
11:40 EDTHTZStocks with call strike movement; HTZ AAL
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