Added to YB: 2026-07-06
Pitch date: 2026-07-03
HTZ [neutral]
Hertz Global Holdings, Inc.
-6.82%
current return
Author Info
No bio for this author
Company Info
Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments: Americas RAC and International RAC.
Market Cap
$669.4M
Pitch Price
$2.20
Price Target
4.24 (+107%)
Dividend
N/A
EV/EBITDA
50.66
P/E
-0.98
EV/Sales
2.38
Sector
Ground Transportation
Category
turnaround
Deep Dive: Hertz Global Holdings Inc. (HTZ)
HTZ (deep dive): Levered equity option on DPU normalization, not a value play. Stock -60% YTD, ~$2.30, ~$722M cap under $18.2B debt ($6.25B corporate). May used-car losses cut Q2 EBITDA to low-end $50-80M, DPU ~$300. Ackman owns ~20%. Asymmetric upside: $5-10 if DPU<$300 sustains, RPU/DOE improve; sub-$1 if liquidity compresses. Dilution risk from $350M exchangeable notes + borrowed-share hedging pressure. Q2 earnings, Manheim data key catalysts.
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