Hertz Stock Rallies Following Strong Q2 Earnings Beat

Shares of Hertz Global Holdings Inc. (NASDAQ: HTZ ) are trading higher Thursday morning after the car rental giant delivered second-quarter 2026 financial results that topped analyst expectations.

Hertz Global Holdings stock is among today’s top performers.

Why is HTZ stock up today? Q2 Financial Performance Exceeds Wall Street Estimates Hertz reported revenue of $2.4 billion, reflecting a 10% year-over-year increase that surpassed Wall Street estimates of $2.28 billion.

The company posted an adjusted loss of 11 cents per share, outperforming the consensus estimate of a 24 cent loss per share and marking a substantial improvement over prior-year results.

On a GAAP basis, net income reached $64 million, or 5 cents per diluted share.

The top-line momentum was propelled by strong pricing power, with Revenue per Day climbing 9% year-over-year to achieve Hertz’s highest second-quarter rate on record, excluding extraordinary pandemic conditions in 2022.

Operational Efficiency and Fleet Transformation Drive Momentum Hertz delivered top-line expansion despite operating a 1% smaller overall fleet, supported by an 80-basis-point increase in total vehicle utilization to 79%.

Adjusted Corporate EBITDA expanded to $81 million, up from $18 million in the second quarter of 2025, topping the upper end of management’s revised guidance.

The company highlighted strategic progress in its fleet transformation, reporting that 94% of its U.S. core fleet now consists of model year 2025 and 2026 vehicles.

Hertz closed the quarter with nearly $1 billion in total liquidity, providing financial flexibility to continue funding its core business recovery and long-term mobility initiatives.

HTZ Shares Climb Thursday Morning HTZ Price Action: Hertz Global Holdings shares were up 16.01% at $1.81 during premarket trading on Thursday, according to Pro data.

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