HERTZ GLOBAL HOLDINGS, INC. has recently released its 10-Q report. Hertz Global Holdings operates a vehicle rental business through two segments: Americas RAC and International RAC. It rents vehicles under the Hertz, Dollar, and Thrifty brands through company-operated, licensee, and franchisee locations across the United States and multiple international markets, and it also sells vehicles and provides value-added services.
In Item 2, Management’s Discussion and Analysis, the company highlighted several risks that could affect its results and stock performance. It pointed to volatility in its share price, its ownership structure, and certain charter provisions as factors that could negatively affect the market price of its common stock. It also cited the need to maintain an effective business continuity plan in exigent circumstances, to keep internal control over financial reporting effective, and to execute strategic transactions successfully. Hertz also reiterated that forward-looking statements should not be relied on unduly, that they are qualified by the cautionary statements in the report, and that they speak only as of the date of the quarterly filing unless required by law to be updated. Following these announcements, the company's shares moved -0.89%, and are now trading at a price of $6.115. For more information, read the company's full 10-Q submission here.
