Hertz reports fourth-quarter revenues that surpassed analyst expectations, alongside narrowing losses and emerging signs of operational progress. The rental car giant pushes forward with its turnaround efforts after heavy losses from an ill-fated electric vehicle expansion.
Key Q4 Financial Highlights
Revenues exceeded forecasts, reflecting initial improvements in core operations. Losses continued to shrink, providing a positive signal amid ongoing restructuring. However, the company’s capital-intensive model and negative free cash flow have ballooned net debt to $16.5 billion, fueling persistent liquidity risks.
Optimistic Guidance Ahead
Executives project mid-single-digit revenue growth for the current quarter, surpassing consensus estimates. This outlook highlights momentum in the commercial strategy, as Hertz refocuses on profitability and fleet efficiency.
Path Forward
Hertz maintains efforts to stabilize its business model post-EV setbacks. Investors watch closely for sustained revenue gains and debt management strategies to address liquidity pressures.
