Hertz Global Holdings

Hertz Global Holdings, Inc.
Company type	Public
Traded as	Nasdaq: HTZ; S&P 600 component;
Industry	Car rental and leasing
Founded	1918 in Chicago, Illinois, U.S.
Founder	Walter L. Jacobs
Headquarters	Estero, Florida, U.S.
Key people	Gil West (CEO); ; Justin Keppy (COO); ;
Revenue	US$9.37 billion (2023)
Operating income	US$766 million (2023)
Net income	US$616 million (2023)
Total assets	US$24.6 billion (2023)
Total equity	US$3.09 billion (2023)
Number of employees	c. 27,000 (2023)
Subsidiaries	Dollar Rent A Car; Firefly Car Rental; Thrifty Car Rental;
Website	hertz.com
	Footnotes / references;

Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental.

It is one of the three big rental car holding companies in the United States, holding a 36% market share, placing it ahead of Avis Budget Group and second to Enterprise Holdings.^[2] As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand.^[3]

Hertz was ranked 326th in the 2020 Fortune 500 list.^[4] The company filed for bankruptcy on May 22, 2020, citing a sharp decline in revenue and future bookings caused by the COVID-19 pandemic.^[5]^[6] As of December 31, 2021, the company had revenues of $7.3 billion, assets of $19.7 billion, and 23,000 employees.^[7] As of July 1, 2021, the company is no longer in Chapter 11 bankruptcy.^[8]

^ 2023 Annual Report (Form 10-K) (Report). U.S. Securities and Exchange Commission. February 12, 2024.
^ "How Consolidation in the Car Rental Industry Is Likely to Overhaul Ground Transportation". GEP. Retrieved June 23, 2021.
^ "2020 Annual Report Form 10-K". Hertz Global Holdings, Inc. February 26, 2021. Retrieved April 21, 2021.
^ "Hertz Global Holdings". Fortune. Retrieved April 21, 2021.
^ Chris Isidore (May 22, 2020). "Hertz files for bankruptcy". CNN. Retrieved May 23, 2020.
^ Chokshi, Niraj (May 22, 2020). "Hertz, Car Rental Pioneer, Files for Bankruptcy Protection". The New York Times. Retrieved May 23, 2020.
^ "UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-K Hertz Global Holdings, Inc 2021". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Retrieved September 19, 2022.^{[permanent dead link]}
^ Lipschultz, Bailey (July 1, 2021). "Hertz Stock Rages On After Bankruptcy With Surge, Then Plunge". Bloomberg.

[AR-1] 2023 Annual Report (Form 10-K) (Report). U.S. Securities and Exchange Commission. February 12, 2024.

[2] "How Consolidation in the Car Rental Industry Is Likely to Overhaul Ground Transportation". GEP. Retrieved June 23, 2021.

[annual2020-3] "2020 Annual Report Form 10-K". Hertz Global Holdings, Inc. February 26, 2021. Retrieved April 21, 2021.

[Hertz_Global_Holdings-4] "Hertz Global Holdings". Fortune. Retrieved April 21, 2021.

[5] Chris Isidore (May 22, 2020). "Hertz files for bankruptcy". CNN. Retrieved May 23, 2020.

[6] Chokshi, Niraj (May 22, 2020). "Hertz, Car Rental Pioneer, Files for Bankruptcy Protection". The New York Times. Retrieved May 23, 2020.

[7] "UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-K Hertz Global Holdings, Inc 2021". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Retrieved September 19, 2022.^{[permanent dead link]}

[:1-8] Lipschultz, Bailey (July 1, 2021). "Hertz Stock Rages On After Bankruptcy With Surge, Then Plunge". Bloomberg.

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