Hertz Global Holdings Option Alert: Dec 19 $3.5 Calls at the Bid: 5000 vs 6798 OI; Earnings 4/24 Before Open [est] 

Hertz Global Holdings Option Alert: Dec 19 $3.5 Calls at the Bid: 5000 @ $1.13 vs 6798 OI; Earnings 4/24 Before Open [est] Ref=$3.61

Hertz Global Holdings Option Alert: Jan, 2027 $4 Puts at the Bid: 4928 vs 5064 OI; Earnings 4/24 Before Open [est] 

Hertz Global Holdings Option Alert: Jan, 2027 $4 Puts at the Bid: 4928 @ $2.08 vs 5064 OI; Earnings 4/24 Before Open [est] Ref=$4.155

Hertz Global Holdings Bolsa (NASDAQ: HTZ)

Hertz Global Holdings (NASDAQ:HTZ) Bolsa

Hertz Global Holdings

Hertz Global Holdings Inc is engaged principally in the business of renting vehicles through Hertz, Dollar and Thrifty brands. The Company has identified two reportable segments: Americas RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in the U.S., Canada, Latin America and the Caribbean; International RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean. The Company maintain a substantial network of company-operated rental locations, a majority of which are in Europe, and have franchisees and partners that operate rental locations under brands. Geographical markets includes U.S., Europe, Pacific Asia, Middle East and Africa, Latin America.

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Explora qué acciones destacaron ayer en Wall Street tras reportes financieros, caídas sorpresivas y nuevos aranceles automotrices.

Lululemon, Applovin, Hertz, Rivian, Tesla: 5 acciones que están en el radar de los inversores

Hertz Global Holdings, Inc - Common Stock

Hertz Global Holdings Inc

Beaten-down auto rental stocks, Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) and Avis Budget Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) were sent blazing on Thursday following the announcement of new tariffs on all imported vehicles by U.S. President Donald Trump.
What Happened: Shares of Hertz and Avis posted an impressive rally of 22% and 20%, respectively, in intraday trading, in response to the <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% tariffs imposed by the White House</a> on all vehicles that are not manufactured in the U.S.
This explosive rally in auto rental stocks took analysts and investors by surprise, having witnessed steady declines in the sector throughout the past year. Hertz had been dubbed a favorite among short-sellers, with a short interest of 33%, followed by Avis at 11%.
SEE ALSO: <a href="https://www.benzinga.com/news/earnings/25/03/44529927/dow-dips-150-points-following-trumps-auto-tariffs-verint-systems-slides-on-q4-miss-greed-index-remains-in-fear-zone">Dow Dips 150 Points Following Trump&#8217;s Auto Tariffs, Greed Index Remains In Fear Zone</a>
This is precisely what drove the sharp rally, as news of the tariff sent short-sellers running to cover their positions, resulting in a fairly potent short squeeze.
What It Means: The knock-on effect of tariffs on auto rental services seems fairly evident, as consumers will prefer renting cars or rideshare options, as opposed to buying a new car that could now cost several thousand dollars more.&nbsp;
Besides this, rental services <a href="https://www.benzinga.com/25/02/43723775/after-selling-30000-evs-hertz-is-now-chasing-fleet-rotation-to-reduce-losses">replenish their fleet every two years on average</a>, following which their current inventory is sold. Gil West, the CEO of Hertz, thus believes that the increase in the price of new cars will similarly increase the value of its existing fleet in the used market.&nbsp;
Moreover, both these companies have prices ‘locked in' for all new deliveries this year, meaning they will not feel the heat of these tariffs, at least in the short run.
While this compelling short-term rally offers a much-needed respite to both of these companies, very little changes in the long run. With considerable debt at several times free cash flow, and consistently losing market share to rideshare services, Avis and Hertz do need to rethink their business model.&nbsp;
Auto rental stocks aren't entirely immune from the chaotic new tariffs either, with both Hertz and Avis having extensive overseas exposure. The new tariffs and reciprocal ones that are expected from other countries could have a sizable impact on their operations.
READ NEXT:
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<li><a href="https://www.benzinga.com/25/03/44530893/trump-organization-pursues-15-billion-venture-in-vietnam-amid-tariff-uncertainty">Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty</a></li>
</ul>
Photo courtesy: Shutterstock

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Trump's Auto Tariffs Spark Short Squeeze Rally in Hertz And Avis, But Will It Last?

U.S. stock markets closed lower today, with the Nasdaq Composite dropping over 90 points or 0.5% to 17,804.03. The Dow Jones Industrial Average slipped 0.41% to 42,299.70, while the S&amp;P 500 edged down 0.3% to 5,693.31.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Lululemon Athletica Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)
Lululemon&#8217;s stock closed up 1.11% at $341.53, reaching an intraday high of $348.50 and a low of $334.07. Its 52-week range is between $423.32 and $226.19. In the after-hours trading, the shares slipped sharply by over 10% as the company reported fourth-quarter earnings of $6.14 per share, surpassing analyst estimates of $5.85 per share. Revenue for the quarter was $3.61 billion, exceeding the consensus estimate of $3.57 billion. Despite the positive earnings, <a href="https://in.benzinga.com/news/earnings/25/03/44524449/lululemon-q4-earnings-revenue-eps-beat-shares-slide-on-soft-guidance">shares slid</a> due to soft guidance.
AppLovin Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)
AppLovin&#8217;s shares plummeted 20.12%, closing at $261.70, with an intraday high of $326.01 and a low of $252.51. The stock&#8217;s 52-week range is $525.04 to $60.67. The decline followed a critical report by Muddy Waters, which alleged that AppLovin&#8217;s e-commerce operations heavily rely on retargeting and violate major digital ad platforms&#8217; terms of service. <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44524167/applovin-shares-fall-20-following-muddy-waters-report-on-alleged-platform-violations-whats-going-on">Investors reacted</a> negatively to these allegations. 
Hertz Global Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>)
Hertz&#8217;s stock surged 22.61% to close at $4.23, hitting an intraday high of $4.39 and a low of $3.50. The 52-week high and low are $8.20 and $2.47, respectively. The rise came after President Donald Trump announced a 25% tariff on imported cars and key auto parts. Unlike automakers, rental car companies like Hertz are expected to benefit from <a href="https://in.benzinga.com/news/25/03/44520316/why-hertz-and-avis-stocks-are-soaring-today">higher vehicle prices</a>, which could increase demand for rentals.
Rivian Automotive Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)
Rivian&#8217;s stock climbed 7.60% to $13.02, with an intraday high of $13.30 and a low of $12.03. Its 52-week range is $18.86 to $8.26. The company&#8217;s shares benefited from the announcement of auto tariffs, which are <a href="https://www.benzinga.com/25/03/44520779/stocks-slip-gold-rallies-auto-tariffs-benefit-tesla-rivian-punish-gm-ford-whats-driving-markets-thursday">expected to boost demand</a> for the company&#8217;s domestically produced autos. 
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock saw a modest increase of 0.39%, closing at $273.13, with an intraday high of $291.85 and a low of $271.82. The 52-week high and low are $488.54 and $138.80. CEO Elon Musk warned of a &#8220;significant&#8221; <a href="https://in.benzinga.com/25/03/44507598/elon-musk-warns-of-significant-impact-on-tesla-due-to-trumps-auto-tariffs-the-cost-impact-is-not-trivial">impact due to the new auto tariffs</a>, as Tesla imports some parts from abroad. Despite this, the company&#8217;s domestic manufacturing could mitigate some effects. 
Photo Courtesy: Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Lululemon, Applovin Corp, Hertz, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump&#8216;s latest <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">move on auto tariffs.</a>
Late Wednesday, Trump announced a 25% tariff on all auto imports starting next week, with duties on auto parts set to follow in May.
European automakers took a hit, with Mercedes-Benz Group AG (OTCPK: MBGAF) and Porsche Automobile Holding SE (OTCPK: POAHF) sliding 2.5% and 5%, respectively. 
Michigan-based carmakers didn't fare much better. Shares of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) fell 2.5%, while General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) plunged 6.5%, with the latter marking the worst performance on the S&amp;P 500.
In contrast, U.S. electric vehicle makers rallied. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 2.6%, and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) jumped 5%. The rally followed comments from Goldman Sachs analyst Mark Delenay, who pointed to their fully domestic production as a significant advantage <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">under the new tariffs.</a>
Meanwhile, gold extended its rally, climbing over 1% and testing record highs as the U.S. dollar softened. Silver gained 2%, while copper pulled back 2% after a strong run that had lifted it to all-time highs.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) held firm at $86,875, signaling a cautious tone across the crypto market.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,840.57</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,277.82</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,687.68</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,060.90</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.4% lower to $566.80.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.5% to $422.32.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.5% to $482.05.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $204.29</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 0.8%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rallied over 8% after the company announced that it would sell its Family Dollar business for $1.01 billion to Brigade and Macellum Capital.</li>
<li>AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) rallied 3.7% to fresh record highs in reaction to import tariffs on automotive parts.</li>
<li>Shares of car rental firms also rallied amid potentially higher margins. Avis Budget Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) and Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) both rocketed by about 20%. </li>
<li>GameStop Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plunged 22% after it announced a private offering of convertible debt to buy Bitcoin.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) tumbled more than 10% after the company announced plans to divest its natural gas assets and operations in Jamaica. </li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) will report its earnings after the close. Shares were up 0.7%. </li>
</ul>
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Stocks Slide As Auto Tariffs Boost Tesla, Rivian And Hit GM, Ford: What's Driving Markets Thursday?

Shares of auto rental companies Hertz Global Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) and Avis Budget Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) surged on Thursday following the announcement of a <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% tariff</a> on imported cars and key auto parts by President Donald Trump.
What To Know: Unlike automakers and parts suppliers facing rising costs, rental car companies stand to benefit as higher vehicle prices could drive greater demand for rentals.
With tariffs projected to <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">increase</a> new car prices by $5,000 to $15,000, consumers may delay purchases and turn to rental services for short-term mobility needs. This shift in consumer behavior could boost revenue for Hertz and Avis, which already maintain large fleets and can adjust rental pricing to capture higher demand.
Read Also: <a href="https://www.benzinga.com/news/25/03/44517410/why-lear-shares-are-down-7-5">Why Lear Shares Are Down 7.5%</a>
What Else: Additionally, higher new car costs may slow fleet turnover, potentially improving depreciation metrics and reducing capital expenditures for both companies.
Hertz and Avis, with their established networks and fleet management expertise, could see improved utilization rates and stronger pricing power. 
As consumers and businesses reconsider vehicle ownership in a high-cost environment, rental car companies may emerge as unexpected winners from the new tariff policy.
Read Also: <a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say">April 2 Tariffs Could Trigger A US Dollar &#8216;Rally To Sell,&#8217; Bank Of America Economists Say</a>
Price Action:
<ul>
<li>Hertz shares are trading higher by 19.6% to $4.12 Thursday afternoon.</li>
<li>Avis Budget Group shares are trading higher by 19.3% to $73.42 Thursday afternoon.</li>
</ul>
<h2 class="wp-block-heading">How To Buy HTZ Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Hertz&#8217;s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, HTZ has a 52-week high of $8.20 and a 52-week low of $2.47.

Why Hertz and Avis Stocks Are Soaring Today

<h3>Gainers</h3>
<ul>
<li>Greenland Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTEC#NASDAQ">GTEC</a>) stock moved upwards by 63.4% to $2.14 during Thursday's regular session. The company's market cap stands at $29.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) shares increased by 35.59% to $61.94. The company's market cap stands at $3.9 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Baiya International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIYA#NASDAQ">BIYA</a>) stock moved upwards by 30.87% to $6.4. The market value of their outstanding shares is at $80.0 million. </li>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) stock moved upwards by 19.27% to $4.12. The company's market cap stands at $1.2 billion. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) stock rose 18.96% to $73.22. The market value of their outstanding shares is at $2.5 billion. </li>
<li>Satellogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) stock increased by 13.6% to $4.26. The company's market cap stands at $411.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) stock decreased by 25.8% to $0.27 during Thursday's regular session. The market value of their outstanding shares is at $52.4 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock decreased by 20.68% to $0.25. The market value of their outstanding shares is at $3.8 million. </li>
<li>3D Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) stock decreased by 18.94% to $2.21. The company's market cap stands at $299.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>Linkers Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNKS#NASDAQ">LNKS</a>) shares decreased by 15.98% to $0.54. The company's market cap stands at $7.2 million. </li>
<li>HUHUTECH International Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUHU#NASDAQ">HUHU</a>) shares decreased by 14.83% to $4.31. The company's market cap stands at $91.2 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares declined by 10.32% to $0.57. The company's market cap stands at $203.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

WIIM

Shares of auto rental stocks are trading higher in possible reaction to US auto tariffs, which could raise car prices.

U.S. stocks were lower, with the Dow Jones index falling around 0.2% on Thursday.
Shares of Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) rose sharply during Thursday's session after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance <a href="https://in.benzinga.com/news/earnings/25/03/44504468/concentrix-shares-pop-on-strong-q1-results-raised-revenue-guidance">above estimates</a>.
Concentrix reported quarterly earnings of $2.79 per share, which beat the analyst consensus estimate of $2.58. Quarterly revenue came in at $2.37 billion, which beat the analyst consensus estimate of $2.36 billion and is down slightly from revenue of $2.4 billion from the same period last year.
Concentrix raised its fiscal 2025 reported revenue outlook from between $9.47 billion and $9.61 billion to between $9.49 billion and $9.635 billion, versus the $9.54 billion estimate.
Concentrix shares jumped 27% to $58.28 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Soleno Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNO#NASDAQ">SLNO</a>) shares jumped 40.3% to $68.72 after the company announced it secured FDA approval for its first commercial drug for a rare genetic disorder.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 32% to $3.2399 following fourth-quarter results.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) rose 23.5% to $4.2650.</li>
<li>Jiayin Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) climbed 20.2% to $14.55 following fourth-quarter results.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) gained 19.7% to $73.72.</li>
<li>MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) shares climbed 11.7% to $20.45 after reporting third-quarter results.</li>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) rose 11.6% to $24.85.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) gained 11% to $3.0850.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) shares rose 8% to $2.4150.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) gained 6.4% to $36.09. Cantor Fitzgerald analyst Li Watsek reiterated Zai Lab with an Overweight rating.</li>
<li>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rose 5.5% to $73.08. Telsey Advisory Group analyst Joseph Feldman maintained Dollar Tree with a Market Perform and raised the price target from $75 to $82.</li>
<li>Ollie&#8217;s Bargain Outlet Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) gained 4.7% to $113.24.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44492633/jim-cramer-palantir-is-a-winner-recommends-selling-this-tech-stock">Jim Cramer: Palantir Is A &#8216;Winner,&#8217; Recommends Selling This Tech Stock</a></li>
</ul>

Intraday Update

Trading Ideas

EWTX

IBRX

JFIN

MLKN

OLLI

SLNO

WOOF

ZLAB

Concentrix Posts Better-Than-Expected Earnings, Joins Soleno Therapeutics, Petco Health and Wellness, MillerKnoll And Other Big Stocks Moving Higher On Thursday

<h3>Gainers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock rose 27.1% to $0.3 during Thursday's regular session. The company's market cap stands at $17.8 million. </li>
<li>Decent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXST#NASDAQ">DXST</a>) shares moved upwards by 22.4% to $1.53. The market value of their outstanding shares is at $24.8 million. </li>
<li>New Century Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCEW#NASDAQ">NCEW</a>) stock increased by 20.42% to $1.94. The market value of their outstanding shares is at $41.6 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) shares moved upwards by 18.55% to $2.23. The company's market cap stands at $33.2 million. </li>
<li>INLIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INLF#NASDAQ">INLF</a>) stock rose 15.07% to $2.29. The company's market cap stands at $33.2 million. </li>
<li>Titan Machinery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) stock moved upwards by 14.18% to $16.82. The market value of their outstanding shares is at $388.9 million. As per the press release, Q4 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>BGSF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) shares declined by 13.1% to $3.66 during Thursday's regular session. The company's market cap stands at $40.5 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares fell 12.32% to $0.89. The market value of their outstanding shares is at $42.3 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares declined by 12.05% to $0.88. The company's market cap stands at $133.7 million. The company's, Q4 earnings came out 3 days ago. </li>
<li>Ming Shing Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSW#NASDAQ">MSW</a>) stock declined by 11.05% to $4.27. The company's market cap stands at $55.4 million. </li>
<li>EVI Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) shares declined by 10.17% to $18.64. The market value of their outstanding shares is at $237.7 million. </li>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) stock fell 8.91% to $3.33. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BGSF

CLIK

DXST

GRFX

INLF

NCEW

NRGV

TITN

TPIC

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$60.00</td>
<td>$37.6K</td>
<td>185</td>
<td>8.6K</td>
</tr>
<tr>
<td>RKLB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$7.00</td>
<td>$312.5K</td>
<td>16.7K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$76.4K</td>
<td>383</td>
<td>1.3K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$81.00</td>
<td>$95.1K</td>
<td>84</td>
<td>1.0K</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$100.00</td>
<td>$1.4 million</td>
<td>4.4K</td>
<td>408</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$155.00</td>
<td>$26.5K</td>
<td>679</td>
<td>250</td>
</tr>
<tr>
<td>HTZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.50</td>
<td>$31.5K</td>
<td>5.8K</td>
<td>250</td>
</tr>
<tr>
<td>UPWK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$15.00</td>
<td>$29.0K</td>
<td>1.8K</td>
<td>202</td>
</tr>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$465.00</td>
<td>$33.2K</td>
<td>716</td>
<td>104</td>
</tr>
<tr>
<td>AGX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$130.00</td>
<td>$44.4K</td>
<td>98</td>
<td>40</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we observe a call option trade with bullish sentiment. It expires in 70 day(s) on May 16, 2025. Parties traded 228 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $37.6K, with a price of $165.0 per contract. There were 185 open contracts at this strike prior to today, and today 8603 contract(s) were bought and sold. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a put option trade with bullish sentiment. It expires in 679 day(s) on January 15, 2027. Parties traded 2500 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $312.5K, with a price of $125.0 per contract. There were 16707 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on March 21, 2025. Parties traded 1249 contract(s) at a $25.00 strike. This particular call needed to be split into 66 different trades to become filled. The total cost received by the writing party (or parties) was $76.4K, with a price of $61.0 per contract. There were 383 open contracts at this strike prior to today, and today 1373 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on April 11, 2025. Parties traded 569 contract(s) at a $81.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $166.0 per contract. There were 84 open contracts at this strike prior to today, and today 1038 contract(s) were bought and sold. 
• Regarding VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on March 21, 2025. Parties traded 750 contract(s) at a $100.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $1.4 million, with a price of $1990.0 per contract. There were 4410 open contracts at this strike prior to today, and today 408 contract(s) were bought and sold. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a put option sweep with neutral sentiment. It expires in 196 day(s) on September 19, 2025. Parties traded 50 contract(s) at a $155.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $530.0 per contract. There were 679 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For HTZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), we notice a call option sweep that happens to be bearish, expiring in 315 day(s) on January 16, 2026. This event was a transfer of 210 contract(s) at a $3.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $150.0 per contract. There were 5821 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• Regarding UPWK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), we observe a put option sweep with bullish sentiment. It expires in 41 day(s) on April 17, 2025. Parties traded 200 contract(s) at a $15.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 1885 open contracts at this strike prior to today, and today 202 contract(s) were bought and sold. 
• Regarding LMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on March 21, 2025. Parties traded 20 contract(s) at a $465.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $1660.0 per contract. There were 716 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding AGX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>), we observe a put option trade with neutral sentiment. It expires in 14 day(s) on March 21, 2025. Parties traded 20 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $2220.0 per contract. There were 98 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

RKLB

UBER

UPWK

10 Industrials Stocks With Whale Alerts In Today's Session

<a href="https://teamster.org/2025/02/hertz-teamsters-in-texas-and-florida-end-strikes-ratify-contracts/" title="https://teamster.org/2025/02/hertz-teamsters-in-texas-and-florida-end-strikes-ratify-contracts/">https://teamster.org/2025/02/hertz-teamsters-in-texas-and-florida-end-strikes-ratify-contracts/</a>

Contracts

Management

'Hertz Teamsters In Texas And Florida End Strikes, Ratify Contracts; Rental Car Workers At DFW And PBI Airports Secure Wage Increases' - Teamsters

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$7.50</td>
<td>$35.1K</td>
<td>19.7K</td>
<td>10.5K</td>
</tr>
<tr>
<td>HTZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.00</td>
<td>$37.5K</td>
<td>769</td>
<td>5.5K</td>
</tr>
<tr>
<td>JOBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$10.00</td>
<td>$36.0K</td>
<td>11.6K</td>
<td>928</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$109.00</td>
<td>$36.2K</td>
<td>1.6K</td>
<td>607</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$470.00</td>
<td>$2.2 million</td>
<td>919</td>
<td>400</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$185.00</td>
<td>$34.3K</td>
<td>76</td>
<td>368</td>
</tr>
<tr>
<td>CSX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$32.50</td>
<td>$28.0K</td>
<td>639</td>
<td>315</td>
</tr>
<tr>
<td>FWRD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$35.00</td>
<td>$27.7K</td>
<td>678</td>
<td>253</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$20.00</td>
<td>$50.9K</td>
<td>759</td>
<td>112</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$42.2K</td>
<td>5.8K</td>
<td>102</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we notice a call option sweep that happens to be bullish, expiring in 86 day(s) on May 16, 2025. This event was a transfer of 1000 contract(s) at a $7.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $35.0 per contract. There were 19705 open contracts at this strike prior to today, and today 10540 contract(s) were bought and sold. 
• Regarding HTZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), we observe a put option sweep with bearish sentiment. It expires in 30 day(s) on March 21, 2025. Parties traded 1500 contract(s) at a $4.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $25.0 per contract. There were 769 open contracts at this strike prior to today, and today 5502 contract(s) were bought and sold. 
• For JOBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), we notice a call option sweep that happens to be bullish, expiring in 57 day(s) on April 17, 2025. This event was a transfer of 900 contract(s) at a $10.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $40.0 per contract. There were 11665 open contracts at this strike prior to today, and today 928 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 250 contract(s) at a $109.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $145.0 per contract. There were 1611 open contracts at this strike prior to today, and today 607 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a call option trade with bullish sentiment. It expires in 695 day(s) on January 15, 2027. Parties traded 200 contract(s) at a $470.00 strike. The total cost received by the writing party (or parties) was $2.2 million, with a price of $11275.0 per contract. There were 919 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• Regarding MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we observe a call option sweep with bearish sentiment. It expires in 394 day(s) on March 20, 2026. Parties traded 52 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $34.3K, with a price of $665.0 per contract. There were 76 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold. 
• Regarding CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on March 21, 2025. Parties traded 350 contract(s) at a $32.50 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $80.0 per contract. There were 639 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold. 
• For FWRD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on March 21, 2025. This event was a transfer of 241 contract(s) at a $35.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $115.0 per contract. There were 678 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• For SMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), we notice a call option trade that happens to be bearish, expiring in 86 day(s) on May 16, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $510.0 per contract. There were 759 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a call option trade with bearish sentiment. It expires in 331 day(s) on January 16, 2026. Parties traded 63 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $42.2K, with a price of $670.0 per contract. There were 5850 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EOSE

FWRD

JOBY

10 Industrials Stocks Whale Activity In Today's Session

<a href="https://x.com/Teamsters/status/1890490565797560703" title="https://x.com/Teamsters/status/1890490565797560703">https://x.com/Teamsters/status/1890490565797560703</a>

Teamsters Posts On X "Hertz Teamsters at the Dallas-Fort Worth Airport and Palm Beach International Airport have voted to ratify new collective bargaining agreements, ending their strikes"

Car rental firm Hertz Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) CEO Wayne West said on Thursday that it has removed 30,000 EVs from its fleet as planned last year and is planning further fleet revamp.
What Happened: Fleet rotation is now &#8220;well underway,&#8221; West said. 
&#8220;&#8230;as of year-end 2024, over 60% of our fleet was comprised of vehicles 1-year-old or less, and we remain on track to substantially complete our fleet rotation by year-end 2025,&#8221; West said during the company&#8217;s fourth-quarter earnings call. 
The aim, he said, is to achieve depreciation per unit per month of less than $300, down from the $539 reported for the twelve months through December end. 
The company announced its plan to remove a significant number of EVs from its fleet last year after their repair and operating costs proved <a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">too high to eke out profits</a>.
For 2024, <a href="https://www.benzinga.com/news/earnings/25/02/43694603/hertz-misses-on-revenue-profit-as-fleet-shrinks-costs-weigh">Hertz reported a loss of $2.9 billion</a>, or $9.34 a share. The company&#8217;s fourth-quarter loss per share of $1.18 missed the consensus estimate of around 70 cents.
CEO Comments: &#8220;Through our operational improvements and our fleet management and our effort to sweat the assets, we remain focused on eliminating unproductive vehicles to generate higher utilization,&#8221; West said. 
&#8220;We are working towards turning our vehicles more productively and shortening our vehicle turnaround time from drop-off to rental, reducing vehicle out of service and shortening our vehicle sales cycle times, which drive out waste by leveraging process and technology.&#8221;
Why It Matters: For the first quarter of 2025, the company expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to be negative. This would turn positive later in the year after roughly breaking even in the second quarter, company CFO Scott Haralson said. 
For full year 2025, the company expects a low single-digit EBITDA margin.
Price Action: Hertz shares closed down 8.5% at $3.9 on Thursday. The stock is down by nearly 50% over the past year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/02/43720640/nasdaq-listed-vinfast-records-uptick-in-2024-deliveries-but-us-figures-unknown" target="_blank" rel="noreferrer noopener">Nasdaq-Listed VinFast Records Uptick In 2024 Deliveries But US Figures Unknown</a></li>
</ul>
Image Via Shutterstock

General

After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses

Deep-pocketed investors have adopted a bullish approach towards Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HTZ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Hertz Global Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 5 are puts, totaling $157,480, and 3 are calls, amounting to $126,100.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.5 and $7.5 for Hertz Global Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Hertz Global Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Hertz Global Holdings's significant trades, within a strike price range of $1.5 to $7.5, over the past month.
<h3>Hertz Global Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739471424_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HTZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.55</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$7.50</td>
<td>$45.1K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>HTZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.55</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$7.50</td>
<td>$45.0K</td>
<td>1.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>HTZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$0.85</td>
<td>$0.75</td>
<td>$0.85</td>
<td>$3.00</td>
<td>$42.5K</td>
<td>483</td>
<td>500</td>
</tr>
<tr>
<td>HTZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$1.2</td>
<td>$1.0</td>
<td>$1.2</td>
<td>$4.50</td>
<td>$36.0K</td>
<td>445</td>
<td>300</td>
</tr>
<tr>
<td>HTZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$0.6</td>
<td>$0.55</td>
<td>$0.6</td>
<td>$2.50</td>
<td>$30.0K</td>
<td>4.3K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Hertz Global Holdings</h3>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Present Market Standing of Hertz Global Holdings</h3>
<ul>
<li>With a trading volume of 7,635,788, the price of HTZ is down by -9.27%, reaching $3.87.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 0 days from now.</li>
</ul>
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A Closer Look at Hertz Global Holdings's Options Market Dynamics

Shares of&nbsp;Hertz Global Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) are trading <a href="https://www.benzinga.com/premarket">lower in premarket</a> on Thursday.
The company reported a fourth-quarter FY24 sales decline of 6.6% year-on-year to $2.04 billion, missing the analyst <a href="https://www.benzinga.com/pressreleases/25/02/n43690854/hertz-reports-fourth-quarter-and-full-year-2024-results">consensus estimate of $2.12 billion</a>.
Average rentable vehicles decreased by 6% to 497,875, with 79% vehicle utilization.
Total revenue per day (RPD) declined 2% to $57.10. Americas RAC segment revenue decreased by 8%&nbsp;whereas&nbsp;the International RAC segment slipped 2%.
Also Read: <a href="https://www.benzinga.com/25/02/43656323/burger-king-parent-restaurant-brands-posts-q4-beat-on-robust-demand">Burger King Parent Restaurant Brands Q4: Earnings Beat, 26% Sales Jump, Popeyes Comps Dip And More</a>
Selling, general&nbsp;and&nbsp;administrative expenses decreased 8.9% to $225 million.
As of the end of December, Hertz had $592 million in cash and equivalents, and its operating cash flow for the quarter totaled $414 million.
Adjusted corporate EBITDA for the quarter was $(357) million, with an adjusted corporate EBITDA margin of (18)%.
Adjusted EPS of $(1.18) <a href="https://www.benzinga.com/earnings">missed the consensus</a> estimate of $(0.71).
"Our focus in 2024 was stabilizing the business and implementing fundamental changes to transform our company," said CEO Gil West. "With our new leadership team and organizational structure in place, we are well positioned to execute our strategy with rigor and at pace."
Price Action: HTZ shares are trading lower by 12.0% at $3.75 in premarket at last check Thursday.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43651110/starbucks-faces-legal-action-over-alleged-discriminatory-hiring-practices">&#8216;Racism Has No Place in Missouri&#8217;: State Attorney General Sues Starbucks Over Hiring Policies</a></li>
</ul>
Photo: Shutterstock

Earnings

Hertz Misses On Revenue, Profit As Fleet Shrinks, Costs Weigh

Hertz Global Holdings shares are trading lower after the company reported worse-than-expected Q4 financial results.

Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) reported quarterly losses of $(1.18) per share which missed the analyst consensus estimate of $(0.71) by 66.2 percent. This is a 13.24 percent increase over losses of $(1.36) per share from the same period last year. The company reported quarterly sales of $2.04 billion which missed the analyst consensus estimate of $2.12 billion by 3.61 percent. This is a 6.59 percent decrease over sales of $2.18 billion the same period last year.

Earnings Misses

Hertz Global Holdings Q4 2024 Adj EPS $(1.18) Misses $(0.71) Estimate, Sales $2.04B Miss $2.12B Estimate

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Hannon Armstrong Sustainable Infrastructure Capital

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Earnings Scheduled For February 13, 2025

Legal

Delaware Judge Dismisses Lawsuit Against Hertz Related To Redemption Of Warrants, Recent Financing Transactions

XCharge, Hertz Partner To Upgrade EV Charging Offerings At US Airport Rental Facilities

Press Releases

HERTZ REPORTS THIRD QUARTER 2024 RESULTS

Offerings

Hertz Announces Offering of $500 Million of Additional First Lien Senior Secured Notes

Hertz Announces Consent Solicitations to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029

Hertz Announces Pricing of $500 Million of Additional First Lien Senior Secured Notes Offering

Hertz Announces Receipt of Requisite Consents from Holders to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 and Expiration of Consent Solicitations

Hertz Strengthens Executive Team with Two Key Leadership Appointments

Hertz Global Holdings, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on February 13, 2025

HERTZ REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Tom Brady Gets A New Job: Hertz Car Salesman

Getac's Rugged Technology Deployed by Hertz to Enhance Customer Experience and Streamline Operations

Comments

Hertz Global Holdings

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
01:53 PMApr 01, 2025	CALL	$3.50	Dec 19, 2025	256	5254	5000	77	6798	TRADE	BEARISH
03:51 PMMar 28, 2025	PUT	$4.00	Jan 15, 2027	648	4932	4928	97	5064	TRADE	BULLISH