Hertz missed Wall Street forecasts with a 63-cent adjusted loss in Q4 due to government shutdown, flight chaos, and soft used-car prices. Revenue stable, full-year progress strong, and mid-single-digit growth expected in Q1 2026.
Avis Budget Group (CAR) reported a $747M Q4 loss after a $518M write-down on U.S. electric vehicles. Revenue dipped to $2.66B, missing estimates; fleet costs fell 18%. Shares down.
US Supreme Court rejects Hertz's challenge to $320M+ bondholder payment ruling from its 2020 COVID bankruptcy, requiring make-whole premiums and higher interest rates.
Ford teams up with Amazon to sell certified pre-owned vehicles through Amazon Autos, allowing customers to browse, finance, and schedule pickups at participating dealers online.
Hertz Global (HTZ) posts its first profit in over two years, driven by lower vehicle costs, strong car sales, and record fleet utilization, sending shares soaring over 38%.
Hertz now sells used rental cars on Amazon Autos in Dallas, Houston, LA, & Seattle. Expanding to 45 locations, this partnership marks Amazon Autos' first rental fleet deal, boosting Hertz's retail ops and aiming for convenience & profit.
