Hertz (HTZ) Stock Soars 20% After Earnings Beat. Is the Turnaround Real?
TLDR
- Hertz posted a Q2 adjusted loss of $0.11 per share, beating estimates of a $0.23 loss
- Revenue came in at $2.40 billion, up 9.7% year over year and above the $2.28 billion consensus
- Revenue per day rose 9% and revenue per unit rose 8%, with a 1% smaller fleet
- Q3 guidance calls for adjusted corporate EBITDA of $275 million to $325 million and positive EPS
- HTZ stock has gained over 20% following the earnings release but remains down 57.6% year to date
Hertz (HTZ) stock is up more than 20% following its second-quarter 2026 earnings release on August 6, with the stock trading around $2.22 per share.
Hertz Global Holdings, Inc., HTZ
The company reported an adjusted loss of $0.11 per share, well ahead of the $0.23 loss analysts had penciled in. That was a 52.2% positive surprise and an improvement from the $0.29 adjusted loss in the same quarter last year.
Revenue came in at $2.40 billion, beating the consensus estimate of $2.28 billion by 4.9%. That marked a 9.7% increase year over year.
The revenue growth was driven by pricing. Revenue per day rose 9% and revenue per unit climbed 8%, even as Hertz operated with a fleet that was 1% smaller than the prior year.
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