Hertz Global Holdings

This article is about the American car rental company. For the unit measure, see Hertz.

Hertz Global Holdings, Inc.
Company typePublic
IndustryCar rental and leasing
Founded1918; 106 years ago (1918) in Chicago, Illinois, U.S.
FounderWalter L. Jacobs
Headquarters
Estero, Florida
,
U.S.
Key people
RevenueIncrease US$9.37 billion (2023)
Decrease US$766 million (2023)
Decrease US$616 million (2023)
Total assetsIncrease US$24.6 billion (2023)
Total equityIncrease US$3.09 billion (2023)
Number of employees
c. 27,000 (2023)
Subsidiaries
Websitehertz.com
Footnotes / references
[1]

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]

  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.
  3. ^ "2020 Annual Report Form 10-K". Hertz Global Holdings, Inc. February 26, 2021. Retrieved April 21, 2021.
  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]
  8. ^ Lipschultz, Bailey (July 1, 2021). "Hertz Stock Rages On After Bankruptcy With Surge, Then Plunge". Bloomberg.