Hertz Global Holdings Inc. (NASDAQ:HTZ) is one of the 6 Cheap Stocks to Buy According to Bill Ackman.
Hertz Global Holdings Inc. (NASDAQ:HTZ) is one of the largest rental car companies in America
Its shares are down by 17% over the past year and by 3.5% year-to-date. On May 7th, the firm reported its fiscal first-quarter earnings. The results saw Hertz Global Holdings Inc. (NASDAQ:HTZ) post $2 billion in revenue and $0.72 in loss per share to beat analyst revenue estimates of $1.88 billion and miss the loss estimate of $0.72.
The revenue marked an 11% annual jump while the firm’s corporate operating income jumped by 47% to negative $161 million. Hertz Global Holdings Inc. (NASDAQ:HTZ) attributed the improvement to heftier revenue and lower depreciation expenses. On March 6th, Morgan Stanley had discussed Hertz Global Holdings Inc. (NASDAQ:HTZ)’s shares.