Stefan Vogel's questions to Hertz Global Holdings Inc (HTZ) leadership • Q4 2024
Question
An analyst on behalf of Stefan Vogel asked for details on vehicle disposal channels and pricing amid heavy de-fleeting, options for refinancing 2026 debt maturities, and whether the changing fleet mix is impacting RPD.
Answer
CEO Wayne West stated the strategy is to increase higher-margin retail sales and use auctions for less than 10% of disposals. CFO Scott Haralson affirmed the company has balance sheet flexibility and is actively addressing upcoming maturities. CCO Sandeep Dube noted that fleet mix decisions are driven by matching customer demand and primarily impact capital cost, not RPD.