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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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July 2, 2015
13:34 EDTHTZRyanair to pursue Hertz for breach of contract
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12:23 EDTHTZHertz ends partnership with Ryanair
Hertz (HTZ) said that it has ended its car hire agreement with Ryanair (RYAAY). Hertz said that existing bookings will be fully honored and that future bookings can be made directly at the Hertz, Thrifty and Firefly websites.
June 26, 2015
11:46 EDTHTZHertz in exclusive negotiations with Loxam for potential HERC acquisition
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June 25, 2015
16:23 EDTHTZOn The Fly: Top stock stories for Thursday
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11:35 EDTHTZAvis, Hertz slide after Credit Suisse notes pricing challenges
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05:50 EDTHTZStocks with implied volatility movement; HTZ XLF
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June 23, 2015
09:18 EDTHTZHertz's subsidiary HERC names Bruce Dressel as COO
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