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Hertz Global Holdings (NASDAQ: HTZ) stock is flying on Friday, up 14.1% through 1:30 p.m. ET, and for a most peculiar reason: Hertz is taking on a lot of debt, and at very high interest rates.
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Enterprise Holdings, Inc. (doing business as Enterprise Mobility) is an American private holding company headquartered in Clayton, Missouri, in Greater St. Louis.It is the parent company of car rental agencies Enterprise Rent-A-Car, National Car Rental, Alamo Rent a Car and also operates several other transportation services including commercial fleet management, used car sales (through its ...
Enterprise Rent-A-Car in South Burlington, Vermont. Enterprise Rent-A-Car is an American car rental agency headquartered in Clayton, Missouri, in Greater St. Louis.Enterprise is the flagship brand of Enterprise Holdings, which also owns other agencies including Alamo Rent a Car and National Car Rental.
Image source: Getty Images. Hertz misses the mark. Investors clearly didn't like Hertz's report at first glance, and it's clear why. Revenue fell by 5% to $2.58 billion, missing estimates for $2.7 ...
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
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