Boston, MA, 11\/13\/2013 (wallstreetpr) \u2013 There is a massive profit waiting to explode for Hertz Global Holdings, Inc. (NYSE:HTZ) <\/b>and its investors. The U.S. second largest car rental company has a lot of strengths and opportunities. This is why its current stock price around $23 appears undervalued. The company has a massive fleet of rentals cars and its $2 billion acquisition of Dollar Thrifty has more than elevated its competitiveness in the industry. Now there are just three major competitors in the rental business in the U.S. market and Hertz is the second largest of them.<\/p>\n
That the company has a massive fleet of rental cars is just one advantage that it enjoys. Its equipment unit is also in perfect position to rake in revenue. The company\u2019s Hertz on Demand which is an hourly rental is also promising big things.<\/p>\n
The only headache at the moment for the $10.22 billion company is the default by Advantage Rent A Car on lease payment after acquiring 24,000 cars from the company. This means that creditors might be taking it down in the long term. However, with expected growth in the rental industry, there is hope that Hertz can make up on this side.<\/p>\n
In the recently reported quarter, the company realized 22% growth in revenue to earn more than $3 billion, or $0.73 per share on the adjusted basis. This indicates a 15.9% increase from the same quarter last year. <\/strong><\/p>\n In terms of sales, the international revenue increased 10% to come in at $768 million from car rental. The U.S. car rental gained 33% in sales. And the equipment rental business was up 11% in the quarter.<\/p>\n For nine quarters in a row, the company has posted not just impressive earnings data, but record pre-tax income. And with its acquisition of Dollar Thrifty, things are expected to get even better on this stock.<\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA, 11\/13\/2013 (wallstreetpr) \u2013 There is a massive profit waiting to explode for Hertz Global Holdings, Inc. (NYSE:HTZ) and its investors. The U.S. second […]<\/p>\n","protected":false},"author":6,"featured_media":12469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[4097,3378,4098,1920],"stock_ticker":[],"class_list":["post-12468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hertz-global-holdings","tag-htz","tag-inc-nysehtz","tag-nysehtz","entry"],"acf":[],"yoast_head":"\n