Hertz Q2 Earnings Smash Estimates, CEO Calls Stock Undervalued
HTZ sits 63% above its 52-week low of $1.45 on elevated volume (7.9× avg).
Summary
Hertz delivered a strong Q2 beat with revenue of $2.4B (vs $2.28B consensus) and an adjusted loss of $0.11 per share (vs $0.24 expected). Adjusted EBITDA hit $81M, above the company's own guidance, driven by record pricing and improved fleet utilization. CEO Gil West pushed back on the stock's depressed valuation, calling it 'tough to understand' given improving fundamentals. The company provided robust Q3 EBITDA guidance of $275M-$325M and full-year 2026 EBITDA of $225M-$275M, signaling confidence in the turnaround. This follows a recent $350M exchangeable notes offering and a surprise Q2 profit reported in the 10-Q, but the magnitude of the beat and the CEO's direct challenge to market pricing are new catalysts. Shares surged over 20% premarket, adding to a 29% gain the prior session.
At the time of this announcement, HTZ was trading at $2.36 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $712.7M. The 52-week trading range was $1.45 to $8.18. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Benzinga.