Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Analyst consensus.
ACCE opinionHertz Global Holdings Inc Common Stock (HTZ)
Fair value
Not available
ACCE price target
$1.78
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $2.04 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
36
out of 100
Analysts
0% buy
9 covering
1-year return
-60.7%
Dividend yield
0.00%
Hertz Global Holdings Inc Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Hertz rents cars to leisure and business travellers through airport and off-airport branches, and sells used vehicles from its fleet through its remarketing operation. The thesis rests on fleet economics: a rental company that buys cars at scale and disposes of them on a regular cycle can earn an attractive spread when used-car prices and rental rates cooperate. Revenue grew 9.7% and the forward P/E of 9.7 sits well below the trailing P/E, which is zero because earnings have been negative. The stock's 652M market cap and -567% return on equity reflect a balance sheet still carrying heavy debt and the fallout from its 2020 bankruptcy, so the equity is a thin slice of a leveraged enterprise. The score of 36/100 and absence from any major index argue for a careful look at whether the operating margin of 7.1% can hold through a normal used-car cycle before any position is considered.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
severe
Negative free cash flow
Free cash flow is -$8.66B against a $656M market cap, and debt/equity is -41.82, so the capital structure is stretched far beyond what equity holders can absorb.
high
Heavy short interest
Short interest sits at 71.4% of float, meaning most of the tradable shares are bet against the stock, which signals deep skepticism about the business.
high
Earnings declining sharply
Earnings fell 30.9% year over year while the stock trades at $2.04, and net margin is -3.1%, so profitability is moving in the wrong direction.
moderate
Shares trade above ACCE target
At $2.04 the stock sits 14.6% above the ACCE price target of $1.78, with the ACCE score stuck at 36/100 over 90 days.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 9.7% year over year, and the company has averaged 10.1% annual growth over five years.
Analysts' mean price target of $2.13 sits 11.1% above the current share price of $2.04.
The latest quarter beat expectations, with earnings per share of -0.15 against -0.29 expected, a 48.3% surprise.
Why it could disappoint
Free cash flow over the last 12 months was negative $8.7B, meaning the business consumed cash rather than generating it.
Debt to equity of -41.82 signals a balance sheet with liabilities far outweighing equity, leaving little cushion for losses.
Net margin of -3.1% and return on equity of -567.0% show the company is still losing money on its sales and capital.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where HTZ's valuation models land
Price
$2.04
Model fair valueConfidence: low
about $2.13
Model
Fair value
Upside
Analyst consensus
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Quality
INVESTOR
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