Hertz (HTZ) Stock Jumps 17% as Bears Get Squeezed After Earnings Surprise

TLDR

• Hertz reported a Q2 loss of $0.11 per share, beating Wall Street’s estimate of a $0.24 loss
• Total revenue rose 10% year over year to $2.4 billion
• The stock jumped 17% in premarket trading, hitting $1.82
• Adjusted EBITDA came in at $81 million, at the top end of company guidance
• Nearly 30% of available HTZ stock is sold short, raising the risk of a short squeeze

Hertz stock jumped as much as 17% in premarket trading Thursday after the company posted second-quarter results that came in well ahead of Wall Street expectations.

Hertz Global Holdings, Inc., HTZ

The stock hit $1.82 in premarket, up from a 52-week low of $1.45 reached just before the report. That move came after HTZ had already fallen 70% this year heading into earnings.

Hertz posted a GAAP net income of $64 million, or $0.05 per diluted share, for Q2 2026. That compares to a net loss of $294 million, or $0.95 per diluted share, in the same quarter a year ago.

HERTZ $HTZ Q2’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $2.4B (Est. $2.28B) 🟢; +10% YoY
🔹 Adj. EPS: -$0.11 (Est. -$0.24) 🟢; +62% YoY
🔹 EBITDA: $81M (Est. $60.1M) 🟢
🔹 RPD: $61.98; +9% YoY

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