Here is a summary of Hertz Q4 2024 results;
- Hertz Q4 2024 revenue fell 6.6% y/y to $2.04 billion (analysts estimate: $2.12 billion) due to reduced volume as they remain discipline on capacity and driving utilization while adjusted EPS came in at -$1.18 versus analysts estimate of -$0.72.
- CEO Gil West said the strong demand continued into Q1, thanks to MLK and upcoming President’s Day.
- Gil west pointed out that pricing was down 1% y/y in Q4 but there was a 150 basis points improvement from Q3.
- CFO Scott Haralson said used vehicle prices dropped below the forecasted values in Q4, driving their depreciation numbers above the top-end of their guided range but they have seen improvement in 2025.