Hertz Global Holdings, Inc. (HTZGQ) has disclosed a new risk, in the Costs category.
Hertz Global Holdings, Inc. faces increasing business risks as the company extends the average age of its rental fleet and integrates more pre-owned vehicles. This strategic response to supply chain disruptions and evolving market dynamics could result in higher maintenance costs and potentially diminish customer satisfaction—crucial metrics in the highly competitive vehicle rental industry. Moreover, the sale of older, high-mileage vehicles might not yield desirable prices or align with optimal selling timelines, potentially impacting the company’s financial health and liquidity. As Hertz navigates these challenges, the delicate balance between fleet age and operational efficiency remains a pivotal concern.
Overall, Wall Street has a Hold consensus rating on HTZGQ stock based on 1 Hold.
To learn more about Hertz Global Holdings, Inc.’s risk factors, click here.
