11 Best NASDAQ Penny Stocks To Buy Right Now

3. Hertz Global Holdings, Inc. (NASDAQ:HTZ) 

Number of Hedge Fund Holders: 30

Stock Price as of December 4: $4.51

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a well-established player in the car rental industry that offers a wide range of vehicles and services to customers worldwide. The company has built a reputation as one of the most recognized car rental brands globally. Hertz Global Holdings, Inc.’s (NASDAQ:HTZ) portfolio includes brands such as Hertz, Firefly, and Dollar. The company caters to both individual and corporate clients. The company’s services include daily rentals, long-term leases, and specialist programs like the Hertz Gold Plus rewards loyalty program.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is focusing on fleet optimization by reducing its average fleet age and increasing the number of electric vehicles (EVs) in its fleet. The company has a goal to offer a 100% electric fleet by 2027. This move is expected to not only reduce emissions but also attract environmentally conscious customers. According to a report by Global Market Insights, the global car rental market is expected to grow at a CAGR of 7% from 2024 to 2032, Hertz Global Holdings, Inc. (NASDAQ:HTZ) is well-positioned to benefit from this trend.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is also targeting the growing shared mobility market and has partnered with companies such as Uber and Lyft to offer car-sharing services. The company is also exploring opportunities in the electric vehicle subscription market by offering customers flexible, month-to-month rentals of EVs. Furthermore, Hertz Global Holdings, Inc. (NASDAQ:HTZ) is investing in digital transformation, enhancing its online booking platform and mobile app to improve the customer experience.