Hertz Global Holdings Inc Common Stock Earnings Recaps
Q1 2026
May 9, 2026
Hertz shares declined 6.6% after earnings as elevated recalls compressed utilization and margins, raising investor concerns despite reported revenue gains and strategic initiatives.
Key takeaways
- Utilization fell about 200 basis points year-over-year due to a nearly 300% surge in recalls, forcing the company to carry more fleet than planned.
- Adjusted DOE per transaction day increased approximately 2% year-over-year, driven by revenue-related costs and sale-leaseback transactions, partially offsetting operating leverage.
- Revenue grew 11% year-over-year, with sequential improvements in revenue per unit (RPU) and revenue per day (RPD), but market headwinds likely tempered enthusiasm.
- Full-year net DPU guidance remains below the $300 monthly target, pressured by recall-related fleet disruptions and cautious fleet rotation.
- Progress on strategic initiatives continues, including digital fleet planning and expansion of omnichannel car sales, but operational challenges and margin pressure weighed on the stock.
Q3 2025
Nov 4, 2025
Hertz Global Holdings reported strong third-quarter results with $2.5 billion in revenue and adjusted EBITDA of $190 million, marking continued operational improvements and a return to profitability.
Key takeaways
- Record utilization rates achieved, with a younger fleet now averaging under 12 months old, enhancing strategic asset management.
- Positive EPS for the first time in two years, reflecting successful cost controls and operational efficiencies.
- Significant growth in Net Promoter Score, up nearly 50% year-over-year in North America, highlighting improved customer satisfaction.
- Ongoing transformation of Hertz car sales into a profit center, with a successful rent-to-buy program achieving a 70% purchase conversion rate.
- Strategic collaboration with Cox Automotive advancing digital retail channels, enhancing customer experience in vehicle purchasing.