In This Article:
We recently published a list of These 10 Firms Are On Fire Today. In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other stocks that surged yesterday.
Wall Street’s main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data.
The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.
Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A fleet of cars parked at a car rental company's headquarters, symbolizing the company's commitment to servicing its customers.
Hertz Global Holdings, Inc. (NASDAQ:HTZ)
Hertz Global saw its share prices jump by 7.86 percent on Thursday to finish at $6.31 apiece as investors cheered the company’s addition of a new high-end vehicle brand to its fleet in a bid to meet growing demand for premium services.
Before the official summer season, Hertz Global Holdings, Inc. (NASDAQ:HTZ) added to its fleet the 2025 Jeep Wrangler, said to be one of the best-selling plug-in hybrid vehicles in the US, as it sees a high demand for the variant during the summer.
The launch followed Hertz Global Holdings, Inc.’s (NASDAQ:HTZ) release of its first quarter performance earlier this week. Net loss widened by 138 percent to $443 million from $186 million in the same period last year, while revenues dropped by 13 percent to $1.8 billion from $2.08 billion year-on-year.
“In a dynamic environment shaped by tariffs and economic uncertainty, capitalizing on our fleet as our most dominant economic lever keeps us agile today and positions us to deliver long-term, sustainable value,” said CEO Gil West.
Overall, HTZ ranks 5th on our list of stocks that surged last week. While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HTZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.