Car rental firm Hertz's Q2 revenue falls 7% but beats analyst expectations

Hertz Global Holdings

07/08/2025 13:14

Overview

Hertz Q2 revenue falls 7% but beats analyst expectations, per LSEG data

Net income improves by ~$0.5 bln year-over-year, yet remains a loss of $294 mln

Vehicle utilization increased to 83%, a 300 basis point year-over-year rise

Result Drivers

FLEET MANAGEMENT - Disciplined fleet management and operational efficiency contributed to a $0.5 bln improvement in profitability

UTILIZATION INCREASE - Vehicle utilization rose to 83%, a 300 basis point increase year-over-year, due to precise fleet optimization

COST CONTROL - Direct operating expenses declined 3% year-over-year, reflecting disciplined cost management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.18 bln
$2.17 bln (9 Analysts)
Q2 Adjusted EPS
Beat
-$0.34
-$0.4 (7 Analysts)
Q2 EPS
-$0.95
Q2 Adjusted Net Income
Beat
-$104 mln
-$105.20 mln (4 Analysts)
Q2 Net Income
-$294 mln
Q2 Adjusted EBITDA
Beat
$1 mln
-$4.82 mln (5 Analysts)
Q2 Adjusted EBITDA Margin
2.0%


Press Release: ID:nBw5x38Kha

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)