Stock Movers Palantir Drops, Hertz Beats, Uber Earnings
Nov 4, 2025
Palantir's shares dropped despite a strong earnings report and optimistic guidance, prompting discussions on its high valuation. Hertz celebrated a return to profit, crediting a savvy fleet strategy and lower depreciation costs. Uber showed impressive growth in rides and deliveries, though its stock took a hit due to missing operating income targets and legal challenges. Interesting rumors circulated about Netflix potentially licensing iHeartMedia's podcasts, creating significant buzz in the market.
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Palantir's Strong Results But Stretched Valuation
- Palantir beat Q3 estimates and raised its full-year forecast but faces scrutiny over a rich valuation.
- The stock has rallied ~170% YTD and trades at a P/E near 85, the highest in the S&P 500.
Hertz Customer Experience And Turnaround
- Paul Sweeney mentions being a Hertz Gold customer and the convenience of picking any car and driving off.
- Lisa Mateo notes Hertz swung to Q3 profit aided by lower depreciation and fleet refresh strategies.
Hertz Profits From Fleet Refresh And Used Car Sales
- Hertz reported a Q3 net income of $184 million versus a prior-year loss and its stock rose 25%.
- Management is selling older vehicles (including on Amazon) and refreshing the fleet to boost profits.