Hertz +18.4% after finishing restatement, issuing guidance; Avis +3.7%

• Hertz (NASDAQ:HTZ) has finished its accounting revenue and filed its 2014 annual report, which includes "restated results for 2012 and 2013 as well as selected unaudited restated financial information for 2011." The car rental giant has also filed its Q1 10-Q, making it up-to-date on SEC filings and NYSE listing requirements. (SEC filings)
• Hertz has also affirmed its commitment to its $1B buyback program and spinoff of its HERC equipment rental unit, forecast it now expects $300M in annualized savings from its cost reduction program by year's end (up from a prior $200M), and established full-year guidance for EBITDA of $1.45B-$1.55B and non-fleet capex of $275M-$295M.
• Hertz has soared to $20.12 AH. Rival Avis (CAR) has risen to $45.00.