Hertz Global Holdings (HTZ) faces challenges with negative earnings growth and industry disruption.

From Nasdaq: 2024-07-19 04:00:00

Hertz Global Holdings (HTZ) is a multinational car rental company that recently announced a 20,000 vehicle cut to its Tesla (TSLA) EV fleet. Hertz’s earnings growth has been negative, with estimates showing -184.62% for the current quarter and -24% for full-year 2024. Emerging disruptors like Turo pose a challenge to traditional car rental services like Hertz.

The industry-wide disruption in the car rental business is reminiscent of Blockbuster’s downfall at the hands of Netflix (NFLX). Hertz faces relative weakness in stock performance as its fundamentals decline. Poor economics, industry disruption, and low visibility contribute to Hertz’s struggles in the market. Investors are advised to avoid investing in laggards like HTZ.

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For more information, investors can access a Free Stock Analysis Report on Hertz Global Holdings, Inc. (HTZ) as well as analysis reports on other key players such as Tesla (TSLA), Netflix (NFLX), and Airbnb (ABNB). The evolving market dynamics and industry disruptions are creating challenges for traditional players like Hertz, who are struggling to adapt to changing consumer preferences.



Read more at Nasdaq: Bear of the Day: Hetz Global (HTZ)